Latest news with #JimmySamartzis
Time of India
18-07-2025
- Business
- Time of India
Ethanol-to-jet Fuel Factory: Revolutionary Ethanol-to-Jet Fuel Plant Set to Launch in Georgia, ETInfra
Advt Funding and regulatory hurdles Advt By , ETInfra The world's first ethanol-to-jet fuel production plant, developed by LanzaJet Inc, is expected to start operations by the end of September, following multiple per Bloomberg, the $200 million facility, located in Soperton, Georgia, was initially scheduled to begin production last Executive Officer Jimmy Samartzis confirmed the revised timeline in an interview, attributing the most recent delay to equipment issues not related to the core technology. 'My hope is that by the end of the third quarter we are fully operating,' he said.'The modifications we made to the equipment that was hindering us, unrelated to the technology itself, should satisfy what we need.'LanzaJet received funding from the US government to develop the plant, which is being watched as a test case for the broader ethanol-to-jet fuel the company imported Brazilian sugar-cane ethanol in 2023 to pilot production, it has not yet sold any of its sustainable aviation fuel (SAF) on the open will begin using Brazilian ethanol, despite the company being ineligible for the Inflation Reduction Act's 45Z tax current rules, only SAF made from North American feedstocks qualifies, and the ethanol must reduce greenhouse gas emissions by at least 50 per cent. Most US corn-based ethanol does not meet this threshold.'There is only a scant amount of US product that meets the required threshold,' Samartzis said. He added that LanzaJet plans to transition to American feedstocks and is advocating for a lower emissions-reduction requirement of 30 per 2021, when US authorities set a target of producing 3 billion gallons of SAF annually by 2030, the domestic market has grown more than sevenfold to 38.7 million gallons in 2024, according to official Georgia facility is expected to produce 10 million gallons of SAF and renewable diesel annually once fully operational.
Time of India
18-07-2025
- Business
- Time of India
World's first ethanol-to-jet plant to start running after delay
Live Events The world's first factory designed to make green jet fuel from ethanol is expected to start operations before the end of the year after several delays, according to owner LanzaJet $200 million facility in rural Georgia, initially scheduled to start commercial production last year, is now expected to begin operating by the end of September, LanzaJet Chief Executive Officer Jimmy Samartzis said in an interview. The latest delay was the result of equipment issues, he which received US government funds to build the facility, is being closely watched as a barometer for the success of the nascent ethanol-to-jet industry. The company imported Brazilian sugar-cane ethanol last year to pilot production, but more than a year later, it hasn't been able to sell its green jet fuel in the open market.'My hope is that by the end of the third quarter we are fully operating,' Samartzis said. 'The modifications we made to the equipment that was hindering us, unrelated to the technology itself, should satisfy what we need.'A flurry of deals among airlines, fuel makers and agriculture companies have been announced since 2021, when then President Joe Biden called for 3 billion gallons of annual domestic sustainable aviation fuel production by the end of this decade. The market has since soared more than sevenfold to 38.7 million gallons last year, according to US government jet fuel, or SAF, can be made from a range of raw materials. But most American corn-ethanol isn't low-carbon enough to qualify for a tax credit aimed at boosting production of domestic renewable fuels, known as new law also states that the tax credit only applies to producers of SAF made using ingredients from North America. That's freezing out the very sugar cane ethanol from Brazil that LanzaJet plans to Samartzis said production at the Soperton, Georgia, facility will start with Brazilian ethanol even if the company can't benefit from the credit. That's because only a scant amount of US product meets the required threshold of lowering greenhouse gas emissions by 50%.LanzaJet said it plans to switch to American feedstocks as soon as possible, with Samartzis now advocating for a threshold on emissions reduction of as low as 30%. The company's factory in Georgia will produce 10 million gallons of SAF and renewable diesel a year when operations eventually start.
Straits Times
18-07-2025
- Business
- Straits Times
World's first ethanol-to-sustainable jet fuel plant to start operating in US after delay
Find out what's new on ST website and app. The jet fuel factory in Georgia is expected to begin operations by the end of September 2025. GEORGIA – The world's first factory designed to make green jet fuel from ethanol is expected to start operations before the end of 2025 after several delays, according to owner LanzaJet Inc. The US$200 million (S$256.8 million) facility in rural Georgia, initially scheduled to start commercial production in 2024 , is now expected to begin operating by the end of September, LanzaJet chief executive officer Jimmy Samartzis said in an interview. The latest delay was the result of equipment issues, he said. LanzaJet, which received US government funds to build the facility, is being closely watched as a barometer for the success of the nascent ethanol-to-jet industry. The company imported Brazilian sugar-cane ethanol in 2024 to pilot production, but more than a year later, it hasn't been able to sell its green jet fuel in the open market. 'My hope is that by the end of the third quarter we are fully operating,' Mr Samartzis said. 'The modifications we made to the equipment that was hindering us, unrelated to the technology itself, should satisfy what we need.' A flurry of deals among airlines, fuel makers and agriculture companies have been announced since 2021, when then President Joe Biden called for 11.3 billion litres of annual domestic sustainable aviation fuel production by the end of this decade. The market has since soared more than sevenfold to 146. 4 million litres in 2024, according to US government data. Green jet fuel, or SAF, can be made from a range of raw materials. But most American corn-ethanol isn't low-carbon enough to qualify for a tax credit aimed at boosting production of domestic renewable fuels, known as 45Z. The new law also states that the tax credit only applies to producers of SAF made using ingredients from North America. That's freezing out the very sugar cane ethanol from Brazil that LanzaJet plans to use. Still, Mr Samartzis said production at the Soperton, Georgia, facility will start with Brazilian ethanol even if the company can't benefit from the credit. That's because only a scant amount of US product meets the required threshold of lowering greenhouse gas emissions by 50 per cent. LanzaJet said it plans to switch to American feedstocks as soon as possible, with Mr Samartzis now advocating for a threshold on emissions reduction of as low as 30 per cent. The company's factory in Georgia will produce 37.8 million litres of SAF and renewable diesel a year when operations eventually start. BLOOMBERG
Bloomberg
17-07-2025
- Business
- Bloomberg
World's First Ethanol-to-Jet Plant to Start Running After Delay
The world's first factory designed to make green jet fuel from ethanol is expected to start operations before the end of the year after several delays, according to owner LanzaJet Inc. The $200 million facility in rural Georgia, initially scheduled to start commercial production last year, is now expected to begin operating by the end of September, LanzaJet Chief Executive Officer Jimmy Samartzis said in an interview. The latest delay was the result of equipment issues, he said.
Korea Herald
26-06-2025
- Business
- Korea Herald
LANZAJET WINS REUTERS GLOBAL ENERGY TRANSITION AWARD FOR ACCELERATING DECARBONIZATION
Reuters Honors LanzaJet's Pioneering Alcohol-to-Jet Technology, a Breakthrough Sustainable Aviation Fuel Solution CHICAGO, June 25, 2025 /PRNewswire/ -- LanzaJet, Inc., a leading next-gen fuels technology company and producer of sustainable fuels, today announced that it has been named the winner of the Accelerating Decarbonization award in the Technologies of Change category at the Reuters Global Energy Transition Awards 2025. The award was presented during the Global Energy Transition Summit in New York. This prestigious honor recognizes LanzaJet's pioneering Alcohol-to-Jet (ATJ) Sustainable Aviation Fuel (SAF) technology, which converts low-carbon ethanol into drop-in, certified SAF. The technology is globally scalable and commercially viable, offering an immediate and tangible solution to decarbonize aviation, one of the most difficult sectors to abate. "We're honored to receive this recognition from Reuters, which highlights the role innovation must play in solving the toughest climate challenges," said Jimmy Samartzis, Chief Executive Officer of LanzaJet. "Aviation needs real, scalable solutions today, not decades from now, and our ATJ technology was designed to meet that moment. This award reflects the extraordinary work of our team and partners around the world who are committed to accelerating SAF as a cornerstone of the global energy transition." LanzaJet ® ATJ technology plays a critical role in supporting the global aviation industry's goal to reach net-zero emissions by 2050. The technology has already been implemented at the LanzaJet Freedom Pines Fuels facility in Soperton, Georgia, the world's first commercial demonstration ethanol-to-SAF plant, and is being deployed globally with partners across the Americas, Europe, Asia, and Australia. The Reuters Global Energy Transition Awards were created to recognize and celebrate those driving bold, scalable solutions that are accelerating the world's shift to a low-carbon energy system. The Accelerating Decarbonization award specifically honors technologies that demonstrate measurable impact on CO₂ emissions reduction and offer commercial scalability. ABOUT LANZAJET LanzaJet is a leading alternative fuels technology provider with patented ethanol-based alcohol-to-jet (ATJ) technology. LanzaJet is creating an opportunity for future generations by accelerating the production and deployment of Sustainable Aviation Fuel (SAF) and other alternative fuel technologies critical to transform the global economy. LanzaJet was recently named TIME100 Most Influential Companies for 2024 and a Rising Star Company of the Year by S&P Global. Further information is available at .com/.
