Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Lanzatech snares U.S. govt funding for drop-in jet fuel

Lanzatech snares U.S. govt funding for drop-in jet fuel

By Pattrick Smellie

Sept. 2 (BusinessDesk) – Auckland-based bio-fuels pioneer Lanzatech New Zealand Ltd. has secured more American government funding to explore a “drop-in” fuel replacement for conventional jet fuel.

An announcement from the U.S. Department of Energy overnight says Lanzatech will be eligible for “up to US$4 million to develop a cost-effective technology that converts biomass-derived ethanol into jet fuel using catalysts.”

Lanzatech will also produce “a valuable bio-product called butadiene that could be used to improve the overall economics of the fuel production process”, with a wider aim to drive down drop-in jet fuel costs.

“Drop-in” bio-fuels are favoured over formulations that require mixing into normally derived petroleum products because they then become true replacements for conventional fuels.

The DoE win is one of three similar “small-scale” projects to be funded up to US$12 million, and comes after Lanzatech picked up a contract with the U.S. Department of Defense’s Advanced Research Agency in June to help develop drop-in bio-fuels for military aircraft.

“The projects, funded through DOE’s Office of Energy Efficiency and Renewable Energy, seek to accelerate research and development that will lead the way toward affordable, clean alternatives to fossil fuels and diversify our nation’s energy portfolio,” said U.S. Energy Secretary Steven Chu, in a statement.

“Producing advanced, drop-in biofuels in the U.S. will reduce America’s dependence on foreign oil and support development of a new industry that will create jobs in rural communities across the country,” said Chu.

Lanzatech’s chief executive, Jennifer Holmgren, is based in Illinois, but the company’s scientific hub is in Parnell, Auckland.

However, it appears the latest project does not seek to harness proprietary technology developed by Lanzatech to replace bio-mass as a feedstock with industrial waste gases, which has been touted as its main breakthrough to date.

Chu said the funding deals would “further diversify DOE’s research and development portfolio in a breadth of fuels and chemicals derived from domestic cellulosic biomass, such as grasses, wood, and agricultural residue.”

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats NZ: Quarterly Inflation Rising Steadily Across The Board

Higher prices for transport and food have driven up inflation for the all households group in the June 2021 quarter, Stats NZ said today. The ‘all households group’ represents all private New Zealand-resident households... More>>


Stats NZ: Primary Products Push Exports To A New High

New Zealand exports reached a new high in June 2021, off the back of record export values for logs and beef, Stats NZ said today. In June 2021, the value of all goods exports rose... More>>



Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>




Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: