LanzaTech Global, Inc. increased its stake in LanzaJet, Inc. to 53% by receiving the final tranches of common stock on December 16, 2025, a transaction announced on December 22, 2025. The new majority ownership gives LanzaTech a controlling interest while LanzaJet continues to operate its Freedom Pines Fuels facility in Soperton, Georgia, the world’s first commercial‑scale plant that converts ethanol into jet fuel.
The move aligns LanzaTech’s proprietary gas‑fermentation platform with LanzaJet’s Alcohol‑to‑Jet (ATJ) technology, creating a more integrated value chain for sustainable aviation fuel (SAF). By owning a majority stake, LanzaTech can coordinate technology development, scale production, and capture a larger share of the growing SAF market, which is expanding under government incentives and airline decarbonization mandates.
LanzaTech’s financial performance in the third quarter of 2025 shows a turnaround: revenue rose to $9.3 million, up from a $57.4 million net loss in the same quarter of 2024. The improvement is driven by a mix of higher revenue from engineering and services ($4.0 million) and contract research ($1.2 million), offsetting a decline in CarbonSmart sales. The company’s net income of $2.9 million reflects disciplined cost management and a non‑cash gain on financial instruments that helped offset the $57.4 million loss in 2024.
Full‑year 2024 results reveal a revenue decline to $49.6 million from $62.6 million in 2023, and a net loss of $137.7 million versus $134.1 million in 2023. The revenue drop is attributed to the completion of engineering services and delays in biorefining projects, while the larger loss stems from higher operating expenses and a non‑cash financial instrument expense. These figures illustrate the company’s ongoing financial headwinds despite the strategic stake increase.
Dr. Jennifer Holmgren, CEO of LanzaTech and Chair of LanzaJet, emphasized that the Freedom Pines facility’s success demonstrates the viability of converting ethanol from diverse domestic and recycled feedstocks into SAF. She noted that the partnership will accelerate technology deployment and strengthen LanzaTech’s position in the decarbonization market, while acknowledging the need to manage current financial challenges.
The acquisition of a majority stake in LanzaJet strengthens LanzaTech’s strategic foothold in the SAF sector, but the company’s recent revenue decline and net loss signal that it must continue to focus on cost discipline and operational efficiency. The controlling interest may provide long‑term upside by enabling deeper integration and market expansion, yet investors will monitor how the company balances the financial headwinds with its growth ambitions.
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