LanzaJet, Inc. announced on October 15, 2026 that it has secured 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 occurred on October 14, 2026, and the full financing is expected to close by December 2026. The new capital is part of a broader recapitalization and deleveraging effort led by the company's shareholders and existing investors.
Financing and Investor Support
The financing is supported by LanzaTech Global, Inc., Vinod Khosla, and the LanzaJet Board. As part of the transaction, LanzaTech will significantly increase its ownership stake in LanzaJet, reinforcing its commitment to the company's commercial expansion and long-term strategy. This recapitalization is designed to reduce leverage and position the company for more stable operations and future commercial growth at its flagship facility.
Freedom Pines Fuels and Commercial Milestones
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 per year. The plant has already produced sustainable aviation fuel (SAF) and renewable diesel that meet ASTM specifications. The new capital will help the facility scale production and deliver SAF to customers around the world.
Feedstock Flexibility and Global Reach
LanzaJet's alcohol-to-jet technology can convert ethanol from a wide range of sources into SAF, so projects are not tied to a single producer, geography, or feedstock. Established ethanol supply from markets such as Brazil and the United States is supported alongside regionally available feedstocks and waste-carbon resources. This flexibility allows projects to use the most competitive ethanol supply while accessing low-carbon, waste-based feedstocks for regulated markets such as the United Kingdom and European Union.
Technology Origins and Investor Backing
LanzaTech began developing alcohol-to-jet technology in 2012 in partnership with the U.S. Department of Energy's Pacific Northwest National Laboratory. Since 2020, LanzaJet has attracted backing from global investors and funders that support its commercial development and deployment. LanzaTech's gas fermentation platform can convert harder-to-access waste-carbon resources into ethanol, expanding the feedstock base available to LanzaJet.
Leadership Continuity
Jennifer Holmgren, Chief Executive Officer of LanzaTech, will continue as Chair of the LanzaJet Board and serve as interim CEO. The Board stated that continuity, focus, and proven execution experience are essential at this stage of the company's growth. LanzaTech has taken first-of-a-kind technology to profitable commercial operation, and the leadership team aims to bring Freedom Pines Fuels and future LanzaJet plants to the same commercial success.
Strategic Outlook
With a larger ownership stake and the Board's full support, LanzaTech intends to apply its experience in scaling first-of-a-kind technology to LanzaJet's commercial operations. The company expects the recapitalization to strengthen Freedom Pines Fuels and support future LanzaJet plants around the world. This financing underscores investor confidence in the company's differentiated technology and its role in scaling sustainable aviation fuel globally.
The new financing positions LanzaJet to advance its commercial operations and expand the global supply of sustainable aviation fuel. By leveraging flexible ethanol sources and strengthening its balance sheet, the company aims to meet increasing demand from airlines and regulated markets. The successful close of the full financing by December 2026 will mark an important step in the company's next phase of commercial growth.