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MUFG invests in sustainable aviation fuel maker
Funding will support company’s global growth aspirations, ability to build capability
Tom King 27 Jun 2024

Japan’s Mitsubishi UFJ Financial Group (MUFG) has invested in US-based sustainable aviation fuel (SAF) technology provider and producer LanzaJet.

The funding will support the company’s global growth aspirations, enables it to continue building its capability and capacity to deploy its proprietary ethanol to SAF process technology, and establishes MUFG’s interest in the development of SAF.

The financial group’s investment is part of LanzaJet’s current US$100 million growth equity funding round, with support from leading companies across industries.

“MUFG is deeply committed to redefining the future of finance by prioritizing innovative and sustainable industry solutions,” says Koichiro Oshima, MUFG Bank’s managing executive officer and head of its financial solutions group. “Our strategic support for LanzaJet is a prime example of this commitment, signifying our belief in the critical role of sustainable fuels for the economic and environmental well-being of the businesses we serve.”

In addition to MUFG, LanzaJet’s portfolio of investors and funders includes All Nippon Airways (ANA), Breakthrough Energy, British Airways, Groupe ADP, LanzaTech, Microsoft’s Climate Innovation Fund, Mitsui & Co, Shell, Southwest Airlines and Suncor Energy.

In the last few months, LanzaJet has also announced investments from Southwest Airlines, Microsoft, Groupe ADP and now MUFG. Details of the Japanese bank’s investment have not been released.

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