Microsoft will invest $50 million in a LanzaJet facility in Georgia that will create ethanol-based aircraft fuel next year, according to LanzaJet.

One of the most difficult industries to decarbonize is the airline industry. Last year, investment bank Jefferies reported that renewable aviation fuel represented less than 0.1 % of the current global jet fuel demand of around 330 million tonnes. Governments and investors are attempting to provide incentives for the production of lower-carbon aviation fuel.

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LanzaJet, based in Chicago, said that on-site engineering at its Freedom Pines Biorefinery is nearly complete, with plans to begin generating 10 million gallons of SAF and renewable diesel per year from sustainable ethanol, including waste-based feedstocks, in 2023.

Suncor Energy., British Airways, and Shell are among the oil majors, airlines, and other petroleum trading businesses that have invested in the company.

Last year, the White House stated that it aims to reduce aviation emissions by 20% by 2030, in response to demand from environmental groups to reduce their carbon impact.

As part of its Build Back Better legislation, which is now stuck in Congress, the Biden Administration has advocated tax credits for the development of sustainable aviation fuel.

By 2050, the European Union wants to boost the %age of SAF blended into petroleum jet fuel to 63 %.

In 2020, Microsoft established the Climate Innovation Fund, which will invest $1 billion over the following four years to accelerate the development of carbon-reduction technology.