Shell invests in LanzaJet to speed up deliveries of its synthetic aviation fuel

Shell invests in LanzaJet to speed up deliveries of its synthetic aviation fuel

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/04/06/shell-invests-in-lanzajet-to-speed-up-deliveries-of-its-synthetic-aviation-fuel/

The energy giant Shell has joined a slew of strategic investors including All Nippon Airways, Suncor Energy, Mitsui, and British Airways in funding LanzaJet, the company commercializing a process to convert alcohol into jet fuel. 

A spin-off from LanzaTech, one of the last surviving climate tech startups from the first cleantech boom that’s still privately held, LanzaJet is taking a phased investment approach with its corporate backers, enabling them to invest additional capital as the company scales to larger production facilities.