The development includes waste gases from industrial steel production being captured, fermented and chemically converted using Swedish Biofuels technology for use as a jet fuel.
LanzaTech said the fuel production process recycles waste gases that would otherwise be burnt into the atmosphere as carbon dioxide.
The company estimates that its process can apply to 65% of the world’s steel mills, allowing the fuel to be rolled out for worldwide commercial use.
Virgin Atlantic president Sir Richard Branson said the new technology is scalable, sustainable and can be commercially produced at a cost comparable to conventional jet fuel.
LanzaTech CEO Jennifer Holmgren said the new technology will enable airlines to reduce their carbon footprint by reusing gases that would otherwise have been emitted directly into the atmosphere.
"It promotes sustainable industrial growth, as the process enables manufacturing plants to recycle their waste carbon emissions," Holmgren said.