Tech giant Microsoft has invested $50 million in a company that uses alcohol-to-jet fuel technology.
The investment is believed to support the construction of a new biorefinery in the US state of Georgia.
Chicago-based LanzaJet expects its new plant will produce around ten million gallons of sustainable aviation fuel (SAF) and renewable diesel a year from ethanol.
The company’s first demonstration unit of its technology produced some thousands of gallons of SAF – a portion of this fuel powered a commercial passenger flight from Florida, the US to London.
A recent report predicted that the demand for SAF will increase more than 30-fold by 2025.
The Biden administration set a goal for achieving net zero aviation emissions by 2050, with the EU wanting to increase the amount of SAF blended to 63% by 2050.