LanzaTech announces amended LanzaJet agreements for sustainable aviation fuel

LanzaTech (LNZA) announced that the investors in its affiliate LanzaJet have entered into second amended and restated investment and stockholders’ agreements on the long-term collaboration and the commercial rollout of sustainable aviation fuel. The amended agreement introduces changes in investment dynamics and share distributions. Subject to meeting development milestones at the Freedom Pines facility in Georgia, LanzaTech will receive two tranches of shares in LanzaJet. Should LanzaJet go public or be sold before LanzaTech receives these two tranches of shares, LanzaTech’s ownership stake will automatically increase to 50%, with no further investment required. Additionally, the update includes modifications to the 2020 intellectual property and technology license agreement. Notably, it extends the agreement through December 31, 2031, removes LanzaTech’s right to terminate, and includes an obligation on LanzaTech to transfer the license directly to LanzaJet. The amendment also eliminates restrictions on the licensing of LanzaJet’s technology, which was originally developed by LanzaTech and improved by LanzaJet, to third-party sublicensees, broadening the technology’s reach and application. With LanzaJet’s growth anchored in the AtJ pathway, the companies are well-positioned to scale meaningful volumes of SAF, through integration of LanzaTech’s extensive carbon-recycling initiatives that supply critical waste-based ethanol feedstock.