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LanzaJet secures at least $20M in new financing to scale SAF production at Freedom Pines Fuels
LanzaJet announced fully committed new financing of at least $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, and the financing is expected to close in full by December 2026. The financing is supported by LanzaTech Global, Vinod Khosla and the LanzaJet Board and is part of a broader recapitalization and deleveraging of LanzaJet; as part of the transactions, LanzaTech will significantly increase its ownership of LanzaJet. Freedom Pines Fuels is the world's first commercial-scale alcohol-to-jet production facility, with a production capacity of 10 million gallons per year, and has already produced SAF and renewable diesel that meet ASTM specifications.