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HomeTech NewsMicrosoft invests $50 million in alcohol-to-jet gas biorefinery

Microsoft invests $50 million in alcohol-to-jet gas biorefinery

LanzaJet, based mostly in Chicago, stated it has practically completedon-site engineering at its Freedom Pines Fuels Biorefinery, withplans to start out producing 10 million gallons of sustainableaviation gas (SAF) and renewable diesel per 12 months fromsustainable ethanol.

Microsoft is investing $50million in a LanzaJet facility in Georgia that can produce jet gas from ethanol subsequent 12 months, LanzaJet stated.

The airline trade is taken into account one of many hardest todecarbonize. Renewable aviation gas accounted for much less than0.1% of present world jet gas demand of about 330 million tonnes in 2019, funding financial institution Jefferies stated final 12 months. Governments and traders try to spice up incentives to supply lower-carbon emitting jet gas.

LanzaJet, based mostly in Chicago, stated it has practically accomplished on-site engineering at its Freedom Pines Fuels Biorefinery, with plans to start out producing 10 million gallons of sustainable aviation gas (SAF) and renewable diesel per 12 months from sustainable ethanol, together with from waste-based feed shares, in2023.

Oil majors, airways and different petroleum buying and selling firms together with Suncor Vitality Inc., British Airways and Shell are additionally funding the corporate.

The White Home stated final 12 months that it needs to decrease aviation emissions by 20% by 2030, as airways face strain from environmental teams to decrease their carbon footprint.

The Biden Administration has touted tax credit for manufacturing of sustainable jet gas as a part of its Construct Again Higher laws, which is at present stalled in Congress.

The European Union is aiming to extend the quantity of SAF blended in petroleum jet gas to 63% by 2050.

Microsoft created the Local weather Innovation Fund in 2020 to speculate $1 billion over the subsequent 4 years to hurry up the event of carbon elimination know-how.

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