LanzaTech and Eramet announce plans for first-of-a-kind integrated Carbon Capture, Utilization and Storage (CCUS) project in Norway
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 (NASDAQ: LNZA) ha annunciato piani per sviluppare un impianto commerciale di cattura e utilizzo del carbonio presso il Parco Industriale di Herøya a Porsgrunn, Norvegia, previsto per entrare in operazione nel 2028. L'impianto produrrà 24 kilotoni all'anno di etanolo di grado carburante utilizzando gas di forno fornito dalla fonderia di leghe di manganese di Eramet a Porsgrunn. Il progetto prevede una potenziale integrazione della tecnologia di Cattura e Stoccaggio del Carbonio (CCS) in una seconda fase, creando un impianto integrato senza precedenti. Brookfield Asset Management avrà diritto di prelazione per il finanziamento, con la decisione finale di investimento prevista entro sei mesi.
LanzaTech Global (NASDAQ: LNZA) anunció planes para desarrollar una instalación comercial de Captura y Utilización de Carbono en el Parque Industrial de Herøya en Porsgrunn, Noruega, que se espera que comience a operar en 2028. La planta producirá 24 kilotoneladas por año de etanol de grado combustible utilizando gas de horno suministrado por la fundición de aleaciones de manganeso de Eramet en Porsgrunn. El proyecto incluye una posible integración de la tecnología de Captura y Almacenamiento de Carbono (CCS) en una segunda fase, creando una instalación integrada única en su tipo. Brookfield Asset Management tendrá derecho de tanteo para el financiamiento, con una decisión final de inversión esperada en un plazo de seis meses.
LanzaTech Global (NASDAQ: LNZA)는 노르웨이 포스그룬에 있는 헤뢰야 산업 공원에 상업 규모의 탄소 포집 및 활용 시설을 개발할 계획을 발표했으며, 2028년에 운영을 시작할 것으로 예상됩니다. 이 공장은 에라메트의 포스그룬 망간 합금 제련소가 공급하는 용광로 가스를 사용하여 연간 24킬로톤의 연료 등급 에탄올을 생산합니다. 이 프로젝트에는 2단계에서 탄소 포집 및 저장 기술(CCS)의 통합 가능성이 포함되어 있으며, 이는 선례가 없는 통합 시설을 생성합니다. Brookfield Asset Management는 자금 조달에 대한 우선 협상권을 가지며, 최종 투자 결정은 6개월 이내에 이루어질 것으로 예상됩니다.
LanzaTech Global (NASDAQ: LNZA) a annoncé des plans pour développer une installation commerciale de capture et d'utilisation du carbone dans le parc industriel de Herøya à Porsgrunn, en Norvège, qui devrait commencer ses opérations en 2028. L'usine produira 24 kilotonnes par an d'éthanol de qualité carburant en utilisant le gaz de four fourni par la fonderie d'alliages de manganèse d'Eramet à Porsgrunn. Le projet inclut une possible intégration de la technologie de capture et de stockage du carbone (CCS) dans une seconde phase, créant ainsi une installation intégrée sans précédent. Brookfield Asset Management aura un droit de premier refus pour le financement, avec une décision finale d'investissement attendue dans les six mois.
LanzaTech Global (NASDAQ: LNZA) hat Pläne angekündigt, eine kommerzielle Anlage zur Kohlenstoffabscheidung und -nutzung im Herøya Industriepark in Porsgrunn, Norwegen, zu entwickeln, die voraussichtlich 2028 in Betrieb genommen wird. Die Anlage wird 24 Kilotonnen pro Jahr Kraftstoff-Ethanol produzieren, indem Ofengas von Eramets Manganlegierungs-Schmelze in Porsgrunn verwendet wird. Das Projekt umfasst die mögliche Integration von Technologien zur Kohlenstoffabscheidung und -speicherung (CCS) in einer zweiten Phase, was eine erstmalige integrierte Anlage schaffen würde. Brookfield Asset Management wird ein Vorab-Ankaufsrecht für die Finanzierung haben, und die endgültige Investitionsentscheidung wird innerhalb von sechs Monaten erwartet.
- First commercial facility where LanzaTech will manage full project scope
- Maximum production capacity of 24 kilotons per annum of fuel-grade ethanol
- Potential CO2 emissions reduction of ~200 kt for Eramet's Scope 1 & 2 emissions
- Brookfield Asset Management's financing support with right of first refusal
- None.
Insights
This groundbreaking CCUS project represents a significant technological advancement in industrial decarbonization. The facility's 24 kilotons per annum ethanol production capacity and innovative integration of CCU with CCS technology positions LanzaTech strategically in the growing carbon management market. The project's commercial viability is strengthened by Brookfield Asset Management's potential financing and the completion of FEED with Fluor
The dual-phase approach - starting with CCU and later integrating CCS - demonstrates technical sophistication in addressing hard-to-abate emissions. The potential 200 kiloton reduction in CO2 emissions validates the project's environmental impact. With multiple revenue streams from ethanol sales in chemicals and sustainable aviation fuel markets, plus the possibility of carbon credits, this project presents a compelling business case for industrial-scale carbon recycling.
This partnership marks a important development in the manganese alloy industry's decarbonization efforts. For Eramet, targeting a
The project's location in Norway, a leader in CCUS initiatives, provides strategic advantages including potential government support and access to developing carbon storage infrastructure. The 2028 operational timeline aligns with growing market demand for low-carbon materials, positioning both companies favorably in the evolving regulatory landscape.
CHICAGO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and proteins, today announced plans to develop a commercial-scale Carbon Capture and Utilization (“CCU”) facility (the “facility”, “plant”, or “project”) at Herøya Industrial Park in Porsgrunn, Norway. The plant will produce ethanol and is expected to begin operations in 2028. Eramet will supply furnace gas as feedstock to the facility from the Porsgrunn Manganese Alloys smelter but will not participate in its financing.
To unlock further emissions reductions, the two companies also intend to build upon the CCU infrastructure and, if demonstrated to be feasible, integrate Carbon Capture and Storage (“CCS”) technology as part of a second phase of the project. The integration of LanzaTech’s CCU technology with CCS, two commercially proven carbon management solutions, is expected to establish a first-of-a-kind, integrated facility that drives leading-edge carbon abatement metrics.
The new plant at Herøya will complement the six other commercial scale plants already using LanzaTech’s carbon recycling technology to produce ethanol and the first for which LanzaTech will manage the full scope of project design, construction, and operations. The project’s Front-end Engineering Design (FEED) phase was completed with global engineering firm Fluor Corporation, which brings deep experience and expertise across the project scope and has partnered with LanzaTech in creating a baseline plant design that can be replicated for projects around the world. The project is also being supported by Sweco Group, which brings best-in-class sustainability expertise and design acumen. From a project financing standpoint, LanzaTech’s infrastructure investment partner Brookfield Asset Management will have right of first refusal for financing and owning the project, with a Final Investment Decision (FID) expected within the next six months.
LanzaTech’s proprietary technology is a fermentation process that biologically converts carbon-rich gases into sustainable raw materials, such as ethanol, for use in clothing, personal care products, packaging, fuel, and more. The facility’s maximum production capacity is expected to be 24 kilotons per annum of fuel-grade ethanol. Demand markets for this ethanol are wide ranging and include chemicals and sustainable aviation fuel. Given LanzaTech’s growing ethanol product sales business, the company intends to market the produced ethanol through its existing and emerging sales channels.
Eramet Norway’s Porsgrunn smelter has two closed furnaces producing manganese alloys. Manganese smelting falls into the category of hard-to-abate, as carbon is necessary for the chemical reduction of manganese ore. Eramet Group, headquartered in France, is engaged in an ambitious decarbonization pathway, with a target of a
The planned integration of LanzaTech’s CCU process with CCS technology demonstrates the ability of LanzaTech’s carbon recycling platform to partner with and enable other carbon management technologies to further reduce carbon footprints. Residual output from LanzaTech’s gas fermentation process at this facility will take the form of highly concentrated CO2, suitable for CCS, which reduces further operating and capital costs compared to a standalone CCS project.
“We are thrilled to announce plans for Norway’s first commercial carbon recycling facility using LanzaTech’s technology,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “Carbon is an incredibly important resource that requires a wide range of solutions to manage responsibly. By recycling above-ground carbon with our CCU process, this groundbreaking project gets us another step closer to realizing an enduring global circular carbon economy.”
The facility in Porsgrunn would allow the Eramet Norway Porsgrunn smelter to achieve a significant reduction in its CO2 emissions. The potential inclusion of CCS in the project is pending results of a feasibility study and financing, though the companies remain optimistic about its implementation as further support of Norway’s position as a frontrunner in the deployment of CCUS.
In addition to CO2 emissions reductions, the LanzaTech-Eramet collaboration will positively impact the local community by creating new jobs in the thriving industrial region of Grenland, and furthers the municipality’s reputation for technological innovation.
Geoff Streeton, Chief Development Officer, in charge of strategy, innovation and business development at Eramet, stated (to be quoted for the global version), ‘Eramet is pleased to be collaborating with LanzaTech on this first-of-its-kind decarbonization project of our manganese smelters. Firstly, to ensure optimal circular value creation in the use our energy-rich furnace gas. Secondly, this creates an attractive option to further liquefy and ultimately sequester the remaining CO2 streams. On a combined basis these CCU & CCS projects at Porsgrunn could bring a reduction of the company’s CO2 emissions by ~200 kt of Eramet’s Scope 1 & 2 emissions. This project brings Eramet closer towards its target of producing and offering a Zero CO2 manganese alloy product for the benefit of decarbonizing the value chain of steel.’
About LanzaTech
LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Zara, H&M Move, Coty, On, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com.
About Eramet
Eramet transforms the Earth’s mineral resources to provide sustainable and responsible solutions to the growth of the industry and to the challenges of the energy transition. Its employees are committed to this through their civic and contributory approach in all the countries where the mining and metallurgical group is present. Manganese, nickel, mineral sands, and lithium: Eramet recovers and develops metals that are essential to the construction of a more sustainable world. As a privileged partner of its industrial clients, the Group contributes to making robust and resistant infrastructures and constructions, more efficient means of mobility, safer health tools and more efficient telecommunications devices. Fully committed to the era of metals, Eramet’s ambition is to become a reference for the responsible transformation of the Earth’s mineral resources for living well together.
www.eramet.com
Eramet Norway
Operating manganese smelters in Porsgrunn, Sauda and Kvinesdal, Eramet Norway AS is fully owned by the French mining and metallurgical group Eramet SA and part of the Group's manganese alloy business unit.
Eramet Norway AS has a world leading market position on refined manganese alloys with one of the industry’s lowest carbon footprints, and is ambitiously pursuing the ultimate target of producing Zero CO2 manganese alloys for the benefit of decarbonizing the value chain of steel.
www.eramet.no
Forward Looking Statements
This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs, assumptions, projections and conclusions of LanzaTech’s management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are not guarantees of future performance, conditions or results, and you should not rely on forward-looking statements.
Generally, statements that are not historical facts, including those concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (a) timing delays in the advancement of projects to the final investment decision stage or into construction; (b) failure by customers to adopt new technologies and platforms; (c) fluctuations in the availability and cost of feedstocks and other process inputs; (d) the availability and continuation of government funding and support; (e) broader economic conditions, including inflation, interest rates, supply chain disruptions, employment conditions, and competitive pressures; (f) unforeseen technical, regulatory, or commercial challenges in scaling proprietary technologies, business functions or operational disruptions; and (g) other economic, business, or competitive factors, and other risks and uncertainties, including the risk factors and other information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission.
Any forward-looking statement herein is based only on information currently available to LanzaTech and speaks only as of the date on which it is made. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media contact LanzaTech:
LanzaTech Global, Inc.
Investor Relations
Kate Walsh
VP, Investor Relations & Tax
Investor.Relations@lanzatech.com
Media Relations
Kit McDonnell
Director of Communications
press@lanzatech.com
Media contact Eramet:
Fanny Mounier
Media Manager
fanny.mounier@eramet.com
+33 145383732
Media contact Eramet Norway:
Kåre Bjarte Bjelland
Director Public Affairs
kare.bjarte.bjelland@eramet.com
+47 91636493
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