Gates grant aims to bring down the price of SAF

Bill Gates’ Breakthrough Energy has awarded a $50 million grant to LanzaJet for construction of a plant in Georgia that will convert a variety of feedstocks to sustainable aviation fuel, with a goal of bringing its price down enough to achieve parity with conventional fuel. “We have a real opportunity on our doorstep to significantly scale-up and globally deploy our technology, and we wouldn’t be able to build this plant as quickly or affordably without Breakthrough Energy’s Catalyst grant, which reduced our total cost of capital and is critical to reducing emissions and accelerating the pace of bringing SAF to the global market,” said LanzaJet CEO Jimmy Samartzis.