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LANZAJET ANNOUNCES $30 MILLION INVESTMENT FROM SOUTHWEST AIRLINES TO ACCELERATE COMPANY'S GROWTH AND ADVANCE U.S. SUSTAINABLE AVIATION FUEL PRODUCTION

Retrieved on: 
Wednesday, February 28, 2024

CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet. As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).

Key Points: 
  • LanzaJet Plans to Support Southwest Airlines with U.S. SAF Production and with Development of Ethanol from Agriculture Residue with SAFFiRE Renewables
    CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet.
  • As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).
  • LanzaJet plans to undertake project development efforts for the SAF production facility in the United States, with Southwest as the anchor SAF offtaker.
  • Southwest's investment comes on the heels of the opening of LanzaJet Freedom Pines Fuels – the world's first commercial-scale ethanol-to-SAF plant.

LANZAJET ANNOUNCES $30 MILLION INVESTMENT FROM SOUTHWEST AIRLINES TO ACCELERATE COMPANY'S GROWTH AND ADVANCE U.S. SUSTAINABLE AVIATION FUEL PRODUCTION

Retrieved on: 
Wednesday, February 28, 2024

CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet. As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).

Key Points: 
  • LanzaJet Plans to Support Southwest Airlines with U.S. SAF Production and with Development of Ethanol from Agriculture Residue with SAFFiRE Renewables
    CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet.
  • As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).
  • LanzaJet plans to undertake project development efforts for the SAF production facility in the United States, with Southwest as the anchor SAF offtaker.
  • Southwest's investment comes on the heels of the opening of LanzaJet Freedom Pines Fuels – the world's first commercial-scale ethanol-to-SAF plant.

LANZAJET CELEBRATES GRAND OPENING OF THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY

Retrieved on: 
Sunday, February 4, 2024

SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.

Key Points: 
  • SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.
  • LanzaJet's ethanol-based technology is the world's first next-generation SAF technology capable of scaling production to the levels needed to decarbonize aviation.
  • LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and enables LanzaJet's aspiration for 1 billion gallons of SAF production by 2030.
  • "LanzaJet's facility will help accelerate the SAF industry and provide new economic opportunities for producers for a more sustainable future."

OAG Data: Delta, American, and United Rank Among the Top 10 Largest Airlines in the World for 2023 On-Time Performance

Retrieved on: 
Thursday, January 25, 2024

OAG , the world’s leading data platform for the global travel industry, has revealed its 2023 On-Time Performance (OTP) results, which reveal the Top 20 Largest Airlines in the world (by flights) ranked by OTP.

Key Points: 
  • OAG , the world’s leading data platform for the global travel industry, has revealed its 2023 On-Time Performance (OTP) results, which reveal the Top 20 Largest Airlines in the world (by flights) ranked by OTP.
  • Data-driven and based on comprehensive, full-year data (January-December 2023), the results also include the Top 20 Largest Airports in North America (with a threshold of 250,000 flights annually) ranked by OTP.
  • Delta took the top spot in the Largest Airlines list ranking #1, followed by Alaska Airlines (#7; OTP 81.04%), American Airlines (#8; OTP 79.11%), United Airlines (#9; OTP 78.67%), Southwest Airlines (#11; OTP 75.51%), Spirit Airlines (#14; OTP 69.45%), and JetBlue Airways (#17; OTP 68.25%).
  • Several carriers outside of North America also featured among the Top 20.

LANZAJET CELEBRATES GRAND OPENING OF FREEDOM PINES FUELS PLANT, THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY GOVERNMENT, CORPORATE, AND COMMUNITY

Retrieved on: 
Wednesday, January 24, 2024

SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.

Key Points: 
  • SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.
  • With its proprietary ethanol to SAF technology, LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and combat the worsening climate crisis.
  • "LanzaJet Freedom Pines Fuels is proof of the energy transition accelerating in real time," said Jennifer Holmgren, LanzaJet Board Director and Chief Executive of LanzaTech.
  • LanzaJet Freedom Pines Fuels is fully funded and has committed offtake agreements for all fuel produced in the next 10 years.

Global Air Cargo Market Analysis and Forecasts to 2028 - Factors Driving Growth Include Just-in-Time Manufacturing, E-commerce and Temperature-Sensitive Shipments - ResearchAndMarkets.com

Retrieved on: 
Monday, December 18, 2023

This report offers in-depth insights into the air cargo industry, covering market trends, growth drivers, challenges, and competitive landscape, with forecasts extending up to 2028.

Key Points: 
  • This report offers in-depth insights into the air cargo industry, covering market trends, growth drivers, challenges, and competitive landscape, with forecasts extending up to 2028.
  • In 2022, the global air cargo market was valued at US$181.54 billion and is projected to reach US$255.63 billion by 2028.
  • Market Segmentation Analysis: The report provides a detailed analysis of the air cargo market based on several key segments:
    Asia Pacific Dominates: Asia Pacific is the largest and fastest-growing region in the global air cargo market.
  • Fast-Growing Domestic Air Cargo Market: The domestic air cargo segment is experiencing rapid growth, fueled by e-commerce companies' demand for fast and reliable domestic shipping services.

Occidental and BlackRock Form Joint Venture to Develop STRATOS, the World’s Largest Direct Air Capture Plant

Retrieved on: 
Tuesday, November 7, 2023

HOUSTON and NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550 million on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form a joint venture with Occidental through its subsidiary 1PointFive that will own STRATOS.

Key Points: 
  • Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form a joint venture with Occidental through its subsidiary 1PointFive that will own STRATOS.
  • STRATOS is designed to capture up to 500,000 tonnes of CO2 per year.
  • Construction activities for STRATOS are approximately 30 percent complete and the facility is expected to be commercially operational in mid-2025.
  • “This joint venture demonstrates that Direct Air Capture is becoming an investable technology and BlackRock’s commitment in STRATOS underscores its importance and potential for the world.

ANA Celebrates 25 Years of Service to Hawaii

Retrieved on: 
Wednesday, October 18, 2023

In October 2023, ANA will commemorate 25 years of connecting travelers between Tokyo, Japan, and Honolulu, Hawaii.

Key Points: 
  • In October 2023, ANA will commemorate 25 years of connecting travelers between Tokyo, Japan, and Honolulu, Hawaii.
  • ANA will launch a unique sweepstakes to celebrate these two significant milestones and as a sincere expression of appreciation for the support received from Hawaii.
  • ANA remains resolutely committed to building a robust partnership with Hawaii, ensuring mutual growth and prosperity for the next 25 years and beyond," stated Toshio Nomura, ANA The Americas, Executive Vice President.
  • In response to the recovering passenger demand for flights to Hawaii, ANA will bring a third Airbus A380 aircraft into service between Tokyo and Honolulu.

Occidental and ADNOC to commence preliminary engineering study of a Direct Air Capture facility in the UAE

Retrieved on: 
Tuesday, October 3, 2023

HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates.

Key Points: 
  • HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates.
  • 1PointFive is marketing carbon dioxide removal (CDR) credits to assist hard-to-abate industries and other companies achieve their net-zero targets.
  • ADNOC is in the testing phase of the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi.
  • “This agreement demonstrates how Oxy and ADNOC are committed to advancing direct air capture technology in the UAE and underscores the necessary urgency needed to deliver global-scale climate solutions,” said Vicki Hollub, Occidental President and CEO.

ANA Announces Carbon Dioxide Removal Purchase from 1PointFive

Retrieved on: 
Tuesday, August 1, 2023

ANA has become the first airline in the world to sign a purchase agreement with 1PointFive for carbon dioxide removal (CDR) credits enabled by Direct Air Capture.

Key Points: 
  • ANA has become the first airline in the world to sign a purchase agreement with 1PointFive for carbon dioxide removal (CDR) credits enabled by Direct Air Capture.
  • This purchase aims to further diversify the ANA Group’s decarbonization methods to achieve carbon neutrality by 2050.
  • ANA becomes the first airline in the world to sign a purchase agreement with 1PointFive, further strengthening its commitment to achieve carbon neutrality by 2050.
  • “We are proud that 1PointFive is able to support a leading airline like ANA in their purchase of our high-quality carbon removal credits to advance their climate strategy.