COVID–19 NEWS   COVID: SDDMC to monitor SOP compliance at workplaces in Sibu | COVID: Five schools in Kota Kinabalu record positive cases | One educational institution each in Johor, Kelantan placed under EMCO - Ismail Sabri | Emergency has allowed COVID-19 situation to be handled well - Hamzah | COVID-19: Thailand records 1, 470 new cases, 7 deaths | 
EXCLUSIVE PRESS

Shell Invests In LanzaJet To Further Accelerate The Global Commercialization Of LanzaJet's Leading Alcohol-to-Jet Technology To Address The Aviation Sector's Urgent Need To Decarbonise

07/04/2021 10:27 AM

CHICAGO, April 7 (Bernama) -- Our world is at an inflection point - one that requires action today, solutions that work, and meaningful progress toward decarbonizing industries and our society. LanzaJet, Inc., a leading sustainable fuels technology company and sustainable fuels producer, announced today that Shell joins as an investor in the company to advance LanzaJet’s global growth, accelerate commercialization of its technology, and scale the production of Sustainable Aviation Fuel (SAF).

Shell joins founding investors in LanzaJet, including LanzaTech, Suncor Energy Inc., Mitsui & Co., Ltd., and more recently, British Airways, as well as participation from All Nippon Airways. In addition to its initial investment in LanzaJet and similar to the phased investment approach used with all of the LanzaJet investors, Shell will have the opportunity to make further investments in the construction of larger-scale production facilities over the coming years. This innovative phased investment approach significantly accelerates commercial deployment at a time when reducing emissions, especially of aviation, is increasingly important and demonstrates a joint commitment to creating a resilient, low carbon future. With the right policies to support the uptake and production of SAF, aviation can achieve net-zero emissions.

For full news, click here

© 2021 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy