LanzaTech Global, Inc. shares rise 1.96% after-hours after announcing a breakthrough in sustainable aviation fuel production.

LanzaTech Global, Inc. rose 1.96% in after-hours trading, driven by the announcement of an innovative advancement in sustainable aviation fuel (SAF) production. The company, in collaboration with the Fraunhofer Institute for Interfacial Engineering and Biotechnology IGB and the Mibelle Group, has successfully expanded its capability to produce SAF via the Hydroprocessed Esters and Fatty Acids (HEFA) pathway, offering a sustainable palm oil substitute. This breakthrough is pivotal for decarbonization efforts across various sectors.