Chicago-based LanzaJet said recently that Microsoft will invest $50 million in a LanzaJet plant in Georgia that will produce jet fuel from ethanol next year.
Aviation is considered one of the hardest to decarbonize. Investment bank Jefferies said last year that renewable jet fuel accounted for less than 0.1% of current global jet fuel demand, about 330 million tonnes, in 2019. Governments and investors are trying to stimulate production of low-carbon jet fuel. Sustainable Aviation Fuel (SAF) is a globally recognized solution for reducing the aviation industry's greenhouse gas and carbon footprint.
