Lanzatech increases share ownership of lanzajet

Chicago, june 20, 2024 (globe newswire) -- lanzatech global, inc. (nasdaq: lnza) (“lanzatech” or the “company”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, today announced an increase in its holdings of lanzajet, inc.  (“lanzajet”), a leading sustainable aviation fuel technology provider and fuels producer. this ownership increase is in accordance with a previously signed agreement which allows lanzajet to further sublicense the alcohol-to-jet (“atj”) technology originally developed by lanzatech in collaboration with the pacific northwest national lab and the u.s. department of energy, which enables the conversion of ethanol to sustainable aviation fuel, or “saf”, in exchange for additional equity issued to lanzatech.
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