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Grant From Bill Gates-led Fund Will Make Green Jet Fuel As Cheap As Fossil Fuels

A $50 million grant will allow LanzaJet to build first-of-a-kind plant and sell sustainable aviation fuel at affordable prices.

The demand for sustainable jet fuel is rising.

The demand for sustainable jet fuel is rising.

Photographer: SeongJoon Cho/Bloomberg
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The burgeoning market for sustainable jet fuel will soon reach a milestone, with a plant capable of turning out for the first time a lower-emission fuel at the same price as fossil fuel-based options. But this price parity will only come as result of a $50 million grant from Bill Gates-led Breakthrough Energy, alongside support from discounted loans and other financial subsidies.