Chicago-based gasoline know-how agency Lanzajet, Inc. has appointed Doreen Pryor as Chief Monetary Officer (CFO).
Pryor will oversee LanzaJet’s monetary progress as the corporate continues to scale and increase the worldwide sustainable aviation fuels (SAF) business, the corporate stated in a information launch.
Pryor brings deep world monetary expertise in renewable power and rising industries with over 20 years of business and monetary expertise at world corporations, the discharge famous.
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Previous to becoming a member of Lanzajet, Pryor was CFO for North America at Siemens Gamesa Renewable Inc., a world know-how chief within the renewable power business. She led the monetary planning and evaluation of Siemens Gamesa’s offshore wind enterprise unit earlier than assuming the position of CFO North America in 2022. She carried out these important roles along with Managing Director and Board Member tasks, in accordance with the discharge.
“Our staff at LanzaJet is important to our capability to scale our firm and this business,” LanzaJet CEO Jimmy Samartzis stated. “Doreen’s in depth expertise in managing monetary groups inside an rising business shall be an incredible asset as we transfer towards scaling the SAF transition and construct business capability”.
“It’s a dream alternative for me to affix an organization that’s main the scaling of a complete business with goal,” LanzaJet Chief Monetary Officer Doreen Pryor said. “LanzaJet is in a important and thrilling interval as sustainable aviation gasoline turns into the current and future resolution to decarbonizing the aviation business”.
Pryor spent seven years at Siemens corporations based mostly within the USA, Denmark, and Germany, earlier than transitioning to Siemens Gamesa. She spent practically 15 years at Siemens corporations main and increasing the worldwide footprint of the wind enterprise.
Microsoft Funding
Final month, LanzaJet secured an funding from Microsoft’s Local weather Innovation Fund, in accordance with an earlier assertion. The 2 corporations plan to discover how Microsoft can provide its information and synthetic intelligence (AI) capabilities to enhance LanzaJet’s company features and ethanol-to-SAF course of know-how.
This funding in LanzaJet follows a $50 million venture finance funding from Microsoft’s Local weather Innovation Fund in 2022 to help the development of LanzaJet Freedom Pines Fuels in Soperton, Georgia, the world’s first ethanol to SAF manufacturing plant, which opened in January 2024. LanzaJet Freedom Pines Fuels will start annual manufacturing of 10 million gallons of SAF and renewable diesel within the second quarter of 2024.
“Our continued alignment with Microsoft permits LanzaJet to construct our staff and functionality at tempo to help world deployment of our main sustainable fuels course of know-how,” Samartzis stated. “By way of its help of LanzaJet’s first-of-a-kind ethanol to SAF biorefinery, LanzaJet Freedom Pines Fuels, Microsoft has performed a major position in making SAF manufacturing a actuality in the US, and this funding reemphasizes its pressing dedication to decarbonization of hard-to-abate sectors”.
Microsoft’s funding in LanzaJet permits it to realize entry to sustainable fuels – SAF and Renewable Diesel – in addition to SAF Certificates (SAFc) from future LanzaJet initiatives. Entry to those merchandise will assist Microsoft on the trail to turning into carbon damaging by 2030, in accordance with the discharge.
“Microsoft is proud to help LanzaJet with our funding within the progress of its sustainable gasoline know-how enterprise,” Brandon Middaugh, senior director of Microsoft’s Local weather Innovation Fund, stated. “Microsoft is investing in companions who share our dedication to advancing a net-zero financial system and who’re constructing the marketplace for important options like SAF and renewable diesel”.
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