LanzaTech Partners with Wagner Sustainable Fuels for New Project
LanzaTech and Wagner Sustainable Fuels Collaboration
LanzaTech Global, Inc. (NASDAQ: LNZA), a leader in carbon recycling, and LanzaJet, a sustainable fuels technology innovator, have launched a new project in partnership with Wagner Sustainable Fuels. This initiative focuses on enhancing the production of Sustainable Aviation Fuel (SAF) at Wagner’s Brisbane SAF Refinery, utilizing their innovative CirculAir™ platform. This platform ingeniously converts waste carbon and renewable energy into environmentally friendly fuels.
Project Overview and Impact
The project, designed to assess the integration of the CirculAir platform at the Brisbane facility, has attracted significant financial backing from The Boeing Company and the Queensland Government. Its development promises substantial benefits: job creation in Queensland, bolstering Australia’s energy independence, and contributing to a reduction in greenhouse gas emissions from the aviation sector.
Leadership Insights
Dr. Jennifer Holmgren, CEO of LanzaTech and Chair of the Board for LanzaJet, expressed enthusiasm for joining efforts with Wagner Sustainable Fuels, emphasizing the potential to convert a considerable portion of the fossil fuel-derived jet fuel consumed annually into sustainable alternatives crafted from recycled carbon. The CirculAir platform's versatile technology is set to utilize various waste resources found abundantly in Australia, allowing for the fulfillment of local fuel demands.
Technical Details of the CirculAir Process
The CirculAir process initially employs LanzaTech’s carbon recycling technology, which transforms local waste streams—such as emissions from industrial activities and municipal refuse—into CarbonSmart™ ethanol. Following this, LanzaJet’s Alcohol-to-Jet (ATJ) technology synthesizes the ethanol into SAF. This method aims to expedite the decarbonization efforts in the aviation sector by harnessing a wide array of locally sourced waste feedstocks necessary to produce SAF at the required volumes to replace traditional jet fuels.
Industry-Wide Significance
The initiative showcases Australia’s leadership in the Sustainable Aviation Fuel landscape. It highlights the collaboration between LanzaTech and LanzaJet’s proven technologies to streamline the conversion of varied waste carbon into sustainable fuels. As outlined by Jimmy Samartzis, CEO of LanzaJet, this partnership is pivotal for generating a reliable SAF supply within Australia from its abundant renewable waste resources, thus enhancing the nation’s energy security while aiding in the preservation of its natural environment.
Addressing Aviation Emissions
Transitioning to SAF is crucial for the aviation sector's sustainability goals, with projections indicating that SAF could account for 65-70% of the necessary emission reductions to achieve net-zero emissions by 2050. The CirculAir platform overcomes historical supply chain limitations, high costs, and technical challenges previously faced in the sector. By converting a myriad of waste sources into SAF, the technology is poised for widespread adoption, which will facilitate larger production scales and potential cost reductions in SAF globally.
Future Aspirations
Matt Doyle, Chief Executive Officer of Wagner Sustainable Fuels, emphasized that this collaboration would propel the SAF industry forward in Australia, creating a fully integrated SAF production facility. This development demonstrates a commitment to averting the climate crisis by providing scalable domestic fuel solutions.
About the Companies Involved
LanzaTech
LanzaTech is at the forefront of carbon recycling technology, committed to transforming waste carbon into sustainable fuels, chemicals, and everyday materials. Their innovative biorecycling processes capture carbon emissions at their source, transforming this captured carbon into viable alternatives to fossil fuels across various products.
LanzaJet
LanzaJet is dedicated to hastening the clean energy transition, utilizing patented technologies to produce SAF and advocate for cleaner fuels and technologies, essential in combating climate change and reshaping the global economy.
Wagner Sustainable Fuels
Wagner Sustainable Fuels is committed to diminishing CO? emissions from challenging sectors like aviation and heavy transport through the development of SAF and Renewable Diesel solutions.
Contacts
LanzaTech
Investor Relations
Kate Walsh
VP, Investor Relations & Tax
Investor.Relations@lanzatech.com
Media
Kit McDonnell
Director of Communications
press@lanzatech.com
LanzaJet
Media
Meg Whitty
VP, Corporate Relations and Marketing
meg.whitty@lanzajet.com
Frequently Asked Questions
1. What is the main objective of the project between LanzaTech and Wagner Sustainable Fuels?
The primary goal of the project is to evaluate integrating the CirculAir platform into Wagner's Brisbane SAF Refinery to produce Sustainable Aviation Fuel (SAF) using waste carbon sources.
2. Who are the key financial backers involved in this project?
The project has received financial investments from The Boeing Company and the Queensland Government.
3. How does the CirculAir platform work?
The CirculAir platform converts waste carbon into CarbonSmart™ ethanol, which is then transformed into SAF through LanzaJet’s Alcohol-to-Jet technology.
4. Why is transitioning to Sustainable Aviation Fuel important?
Transitioning to SAF is essential for reducing aviation industry emissions, with SAF expected to account for a significant portion of the emission reductions required to meet net-zero targets by 2050.
5. What are the expected benefits of this collaboration for Australia?
This collaboration aims to create jobs, enhance domestic energy security, and reduce greenhouse gas emissions, positioning Australia as a leader in the SAF sector.
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