LanzaJet and KMG launch Kazakhstan’s first SAF project

LanzaJet and KMG launch Kazakhstan’s first SAF project

LanzaJet and KazMunayGas advance Kazakhstan’s sustainable aviation fuel project. The venture progresses to the engineering and design phase, enhancing regional leadership in low-carbon aviation and economic development, aiming to meet Kazakhstan’s projected sustainable aviation fuel demand of 70,000 tonnes by 2030….


During New York Climate Week, sustainable aviation fuel (SAF) technology and production company LanzaJet, alongside Kazakhstan’s national oil and gas company, KazMunayGas (KMG), announced a significant milestone in Kazakhstan’s inaugural SAF project. The collaboration enters the Front-End Engineering and Design (FEED) phase after a joint feasibility study.

Launched in 2020 by LanzaTech, Illinois-based LanzaJet has pioneered “Alcohol-to-Jet” technology, which allows the production of SAF and renewable diesel from waste-based and sustainable ethanol sources, such as low-carbon sugarcane, energy crops, forest residuals, agricultural wastes, and organic waste.

Jimmy Samartzis, CEO of LanzaJet, highlighted Kazakhstan’s potential across various sectors, including agriculture, logistics, oil and gas, and aviation. He stated that the partnership with KMG initiates regional leadership in promoting lower carbon flight, stimulating economic development, and ensuring energy security.

The agreement with KMG was formalised during New York Climate Week, attended by Kazakhstan’s President Kassym-Jomart Tokayev and KMG Chairman and CEO Askhat Khassenov. This marks LanzaJet’s first deployment of its patented Alcohol-to-Jet (ATJ) technology in the region.

The FEED phase will finalise the technical and economic solutions necessary for the facility’s construction. The project is set to commence immediately, aiming to meet Kazakhstan’s SAF demand, projected to reach 70,000 tonnes annually by 2030.

Askhat Khassenov noted the collaboration’s significance in strengthening bilateral cooperation, supporting low-carbon development goals, and deploying advanced technologies. The initiative is expected to positively impact the biofuels market, enhance the aviation sector’s environmental performance, and boost Kazakhstan’s transit potential.

This announcement follows a series of investments in LanzaJet, including contributions from MUFG, Groupe ADP, Microsoft, and Southwest Airlines. Other investors include All Nippon Airways, Breakthrough Energy, British Airways, LanzaTech, Mitsui & Co., Shell, and Suncor Energy.

—



  • ICG management fees rise as profits fall

    ICG management fees rise as profits fall

    ICG reports higher management earnings despite falling overall pre-tax profits. Fee-related earnings increased 18% to £199m, while total assets under management reached $145bn following a change in reporting methodology.


  • Motorpoint profit rises 81% as sales grow

    Motorpoint profit rises 81% as sales grow

    Motorpoint’s stronger interim earnings accompany record sales and expansion plans. Pre-tax profit increased 81% to £6.5m as higher vehicle volumes and improved margins supported the retailer’s financial performance.


  • Cavendish simplifies leadership amid declining advisory revenue

    Cavendish simplifies leadership amid declining advisory revenue

    Cavendish has consolidated its leadership following weaker interim financial results. Julian Morse becomes sole chief executive as the investment bank targets more than £3m in annualised savings after reporting a statutory pre-tax loss.