Welcome to our dedicated page for LanzaTech Global news (Ticker: LNZA), a resource for investors and traders seeking the latest updates and insights on LanzaTech Global stock.
LanzaTech Global, Inc. (NASDAQ: LNZA) is a pioneering company in the field of carbon recycling, dedicated to transforming waste carbon into valuable materials used in everyday products. Leveraging an innovative biorecycling technology, LanzaTech captures carbon at the source from energy-intensive industries, preventing its release into the atmosphere. This captured carbon is then converted into sustainable raw materials for products such as fuels, fabrics, and packaging, effectively reducing the dependency on virgin fossil fuels. The company is at the forefront of promoting a circular carbon economy, collaborating with global partners including ArcelorMittal, Zara, H&M Move, Coty, and On.
Under the visionary leadership of Dr. Jennifer Holmgren, LanzaTech has achieved significant milestones. The company has established itself as the first carbon capture and utilization technology firm to go public, showcasing the viability of its commercial-scale biorecycling approach. To date, LanzaTech has successfully prevented over 330,000 tonnes of carbon from entering the atmosphere across six commercial plants, with a growing capacity to abate 500,000 tonnes of CO2 annually.
Dr. Holmgren's exceptional contributions have earned her recognition in TIME's inaugural Climate 100 list, which honors influential leaders driving climate action. Her background includes key roles at UOP LLC, a Honeywell Company, and numerous advisory positions across various prestigious organizations.
LanzaTech continues to expand its reach and impact through strategic partnerships and projects, including a recent feasibility study aimed at enhancing the US-UAE partnership in accelerating clean energy and advancing waste management within a circular carbon economy.
For more information about LanzaTech, visit their website.
LanzaTech Global (NASDAQ: LNZA) announced plans to develop a commercial-scale Carbon Capture and Utilization facility at Herøya Industrial Park in Porsgrunn, Norway, expected to begin operations in 2028. The plant will produce 24 kilotons per annum of fuel-grade ethanol using furnace gas supplied by Eramet's Porsgrunn Manganese Alloys smelter. The project includes potential integration of Carbon Capture and Storage (CCS) technology in a second phase, creating a first-of-its-kind integrated facility. Brookfield Asset Management will have right of first refusal for financing, with Final Investment Decision expected within six months.
LanzaTech Global, Inc. (NASDAQ: LNZA) has been awarded $3 million by the U.S. Department of Energy's Office of Fossil Energy and Carbon Management (FECM) for Project ADAPT. This initiative aims to advance the conversion of waste CO2 into valuable chemicals, specifically isopropanol. The project, with a total cost of $3.8 million including LanzaTech's contribution, focuses on:
- Enhancing feedstock versatility
- Optimizing microbial strains
- Improving cost-effectiveness and efficiency
Isopropanol, used in various products and as a precursor to propylene, offers significant environmental benefits when produced from recycled CO2. The project aligns with the Biden-Harris Administration's climate goals and is expected to impact LanzaTech's financial results primarily in 2025 and 2026.
LanzaTech Global, Inc. (NASDAQ: LNZA), a carbon recycling company, has announced the date for its third-quarter 2024 earnings release and conference call. The financial results will be issued on Friday, November 8, 2024, before the U.S. financial markets open. A conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss the results and answer questions.
Investors can access the conference call via a live webcast through the Events and Presentations section of LanzaTech's Investor Relations website. For those attending via telephone, domestic callers can dial 1-800-274-8461, and international callers can dial 1-203-518-9814, using the conference identification code: LANZA. A replay of the call will be available until November 22, 2024, by dialing specific numbers for domestic and international callers.
LanzaTech Global, Inc. (NASDAQ: LNZA) announced plans to expand its biorefining platform to produce LanzaTech Nutritional Protein (LNP) as a primary product. LNP is a microbial protein derived from CO2 using LanzaTech's proprietary gas fermentation process. This expansion allows LanzaTech to enter the $1 trillion alternative protein market.
Key points:
- LNP production uses fewer land and water resources than traditional protein sources
- A pilot facility has been operating for two years
- Engineering design phase for a 0.5 to 1.5 ton per day facility is underway, expected to be operational in 2026
- Commercial-scale production planned for 2028
- Partnerships with leading brands and food testing organizations for analysis and prototyping
- Collaboration with the U.S. Navy Research Lab to evaluate creating nutritional proteins on military platforms
LanzaTech Global, Inc. (NASDAQ: LNZA) and Woodside Energy Group (ASX, NYSE, LSE: WSD) have announced their participation in a Bank of America hosted webinar on September 27, 2024. The event will feature Dr. Jennifer Holmgren, CEO of LanzaTech, and Meg O'Neill, CEO of Woodside, discussing key challenges in scaling the circular carbon economy and developing carbon abatement programs for energy companies.
The webinar is scheduled for 1:00 p.m. Central Daylight Time. Interested parties can attend or request an archived replay by emailing Kate Walsh, Vice President of Investor Relations at LanzaTech: Kate.Walsh@lanzatech.com.
LanzaTech Global, Inc. (NASDAQ: LNZA) has signed a Master License Agreement with SEKISUI CHEMICAL CO., to deploy a commercial-scale platform converting municipal and industrial solid waste into ethanol. This agreement advances their decade-long collaboration to divert waste from landfills and incinerators, generating sustainable feedstocks. SEKISUI plans to build multiple facilities across Japan, with the first expected to produce 10-12 kilotons of ethanol annually.
The ethanol output, classified as synthetic alcohol, can be used for various applications including Sustainable Aviation Fuel (SAF), apparel, personal care, and packaging. This partnership follows successful pilot and demonstration plants in Japan, showcasing the technology's potential to address waste management challenges while creating valuable resources and local jobs.
LanzaTech Global, the carbon recycling company (NASDAQ: LNZA), announced its management team's participation in two upcoming investor events. The first is the Barclays CEO Energy & Power Conference in New York City from September 4-5. The second is Santander's Carbon Removal Capital Summit in San Francisco from September 10-12.
LanzaTech specializes in transforming waste carbon into sustainable fuels, chemicals, and materials. This participation in high-profile investor events suggests the company's commitment to engaging with the financial community and showcasing its innovative carbon recycling technologies.
Investors and interested parties can access LanzaTech's latest investor materials on their investor relations website at https://ir.lanzatech.com/. This provides an opportunity for stakeholders to stay updated on the company's progress and future plans in the sustainable energy sector.
LanzaTech Global, Inc. (NASDAQ: LNZA) and LanzaJet, Inc. have announced a new project with Australia's Wagner Sustainable Fuels to evaluate equipping Wagner's Brisbane SAF Refinery with the CirculAir™ platform. This platform converts waste carbon and renewable power into Sustainable Aviation Fuel (SAF). The project has received financial investments from The Boeing Company and the Queensland Government.
The CirculAir process utilizes LanzaTech's carbon recycling technology to transform local waste streams into CarbonSmart™ ethanol, which is then converted into SAF using LanzaJet's Alcohol-to-Jet (ATJ) technology. This project aims to accelerate the development of a domestic Australian SAF market, create jobs in Queensland, increase energy security, and reduce global aviation greenhouse gas emissions.
LanzaTech (NASDAQ: LNZA) reported Q2 2024 financial results, reaffirming its full-year 2024 outlook and announcing a $40 million investment from Carbon Direct Capital. Key highlights include:
- Revenue of $17.4 million, up 35% year-over-year
- Gross profit of $11.9 million, a 469% increase
- Adjusted EBITDA loss of $(17.8) million, improved by 25%
- Reaffirmed full-year 2024 guidance: revenue of $90-$105 million and adjusted EBITDA loss of $(65)-$(55) million
The company made progress in its Biorefining business, increased its stake in LanzaJet to 37%, and launched CirculAir, a joint offering for sustainable aviation fuel production. LanzaTech expects several projects to reach Final Investment Decision by Q4 2024.
LanzaTech Global, Inc. (NASDAQ: LNZA) has been awarded a contract by Jakson Green to provide their 4G ethanol technology to NTPC , India's largest power generation utility. The facility in Central India will use LanzaTech's second generation bioreactor to convert CO2 emissions and green H2 into ethanol. This project represents an expansion into the power generation industry, using CO2 as the sole carbon source.
The plant, conceptualized by LanzaTech and NTPC's R&D arm NETRA, is designed to support commercial-scale deployment of LanzaTech's carbon recycling technology. It has an annual CO2 abatement capacity of 7,300 tons and is expected to begin operations within two years. This initiative supports NTPC's Energy Compact Goals and India's energy transition initiatives, aligning with Prime Minister Modi's Make in India initiative.
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