LanzaTech increases holdings in LanzaJet to nearly 36% from 23% now

In Illinois, LanzaTech Global, Inc announced an increase in its holdings of LanzaJet, Inc. This ownership increase is in accordance with a previously signed agreement which allows LanzaJet to further sublicense the Alcohol-to-Jet technology originally developed by LanzaTech in collaboration with the Pacific Northwest National Lab and the U.S. Department of Energy, which enables the conversion of ethanol to sustainable aviation fuel in exchange for additional equity issued to LanzaTech.

On June 18, 2024, LanzaTech received the first of what is anticipated to be a total of three tranches of LanzaJet common stock, which are projected in the aggregate to more than double the Company’s ownership percentage in LanzaJet. This first issuance of common stock, which increases LanzaTech’s ownership in LanzaJet to approximately 36% from approximately 23%, is a result of LanzaJet’s signed license and engineering agreement with Jet Zero Australia. Jet Zero Australia is developing Australia’s first ethanol to sustainable aviation fuel plant, and LanzaJet’s Freedom Pines Fuels, located in Soperton, Georgia, is the reference plant for the project.