LanzaJet Commends Governor Pritzker and Illinois Legislators on the Passage and Signing of the Sustainable Aviation Fuel Purchase Credit

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New Purchase Credit Will Expand SAF Adoption and Deployment in Illinois

Chicago, IL, February 6, 2023 — LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, applauds the passage of and today’s subsequent signing by Governor JB Pritzker of Senate Bill 2951, the Invest in Illinois Act, which includes a sustainable aviation fuel (SAF) purchase credit and will position Illinois at the forefront of sustainable aviation fuel production and use.

The passage of the Sustainable Aviation Fuel Purchase Credit positions Illinois as a leader in the energy transition,” said LanzaJet CEO Jimmy Samartzis. These types of incentives accelerate the development of this new industry as we work hard to decarbonize the transportation sector. LanzaJet is excited to play a role in bringing SAF to new consumers across Illinois, and we encourage other states to support the sustainable fuels industry with similar measures and help meet the nation’s climate change goals.”

The legislation creates a $1.50/gallon tax credit for SAF sold to or used by an aircraft in Illinois until January 1, 2033. To qualify for the credit, the fuel must have at least a 50% lifecycle reduction in carbon emissions. The credit applies to any SAF used in Illinois but is not exclusive to SAF produced in Illinois.

Illinois requires that all credits for SAF used before June 1, 2028, must be derived from biomass resources, waste streams, renewable energy sources, or gaseous carbon oxides.

The Sustainable Aviation Fuel Purchase Credit comes just months after the passage of the Inflation Reduction Act (IRA) in August 2022 which includes a performance based SAF tax credit of up to $1.75/gallon for SAF to achieve a 100% lifecycle reduction.

This legislation is a significant milestone for the domestic sustainable fuels industry. Paired with the SAF incentives passed as part of the IRA legislation, sustainable fuel alternatives are more accessible now than ever before in the United States. LanzaJet continues to execute its plans to support the United States with up to 1 billion gallons of SAF developed using its technology by 2030.

LanzaJet is a leading sustainable fuels technology company dedicated to accelerating the energy transition by embracing the circular economy. As a Sustainable Aviation Fuel (SAF) technology provider and producer with patented alcohol-to-jet (ATJ) technology, LanzaJet is creating an opportunity for future generations by accelerating the deployment of SAF and other clean technologies critical to addressing the climate crisis and transforming the global economy. Further information is available at https://​www​.lanzajet​.com/