LanzaJet has announced fully committed new financing of at least US$20 million to support its next phase of growth and operations at Freedom Pines Fuels in Soperton, Georgia. The first close took place on 14 October, and the financing is expected to close in full by December 2026.
Who Is Backing It
The financing is supported by LanzaTech Global (NASDAQ: LNZA), investor Vinod Khosla and the LanzaJet board. It is part of a broader recapitalisation and deleveraging of LanzaJet undertaken by its shareholders and existing investors, and as part of those transactions LanzaTech will significantly increase its ownership of LanzaJet. The release does not give the size of the stake change, the valuation, or how much debt is being removed.
The Plant the Money Supports
Freedom Pines Fuels is described as the world's first commercial-scale alcohol-to-jet production facility, with a production capacity of 10 million gallons a year. It has already produced SAF and renewable diesel that meet ASTM specifications. The new capital is intended to help the facility scale production and deliver SAF to global customers.
The Technology Pitch
LanzaJet's technology converts ethanol into SAF, and the company stresses that the pathway is not tied to any single producer, geography or feedstock. Ethanol can come from established supply in markets such as Brazil and the United States, from regionally available feedstocks that support local production, or from waste-carbon sources that LanzaTech's gas fermentation platform converts into ethanol. That flexibility lets projects use the most competitive ethanol in each market and, where needed, qualifying low-carbon and waste-based feedstocks for mandated markets, including the UK and the European Union. Holmgren noted that LanzaTech began developing alcohol-to-jet technology in 2012 with the US Department of Energy's Pacific Northwest National Laboratory and that LanzaJet has had the backing of global investors and funders since 2020. LanzaJet's named backers include Airbus, All Nippon Airways, American Airlines, Breakthrough Energy, British Airways and International Airlines Group, Groupe ADP, Microsoft's Climate Innovation Fund, Mitsui & Co., MUFG, Shell, Southwest Airlines, the US Department of Energy and the UK Department for Transport.
Source: LanzaJet, 15 October 2026.
