LanzaJet announced the initial closing of US$47 million as part of its 2026 funding round, in a transaction co-led by existing shareholders Shell and International Airlines Group (IAG).

The round closed at a pre-money valuation of US$650 million and included additional participation from existing investors such as Groupe ADP, LanzaTech, and Mitsui & Co., Ltd.

According to the company, this renewed investment from its shareholders validates the strength of its Sustainable Aviation Fuel (SAF) technology and will allow it to continue its growth strategy. The closing represents the first phase of a larger funding round planned for 2026 and includes adjustments to the ownership and governance structure to streamline decision-making and facilitate the onboarding of new investors.

At the end of 2025, LanzaJet announced the full production of fuels to ASTM specifications at its Freedom Pines Fuels facility, marking the world’s first commercial production of aviation fuel using ethanol as a feedstock, as well as the first non-petroleum-based renewable solution compatible with current aircraft.

According to the company’s management, the leadership of the current investors in this round sends a clear signal to the market about their confidence in the potential of ethanol as a strategic platform for sustainable transportation fuels, in addition to its impact on economic development and energy diversification.

This transaction strengthens LanzaJet’s position within the global SAF ecosystem, in a context where the industry is accelerating investments to scale technologies compatible with the existing aircraft fleet and meet decarbonization targets by 2050.

Source and Credits to Lanzajet

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