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, 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.
LanzaTech Global, the carbon recycling company, will release its Q2 2024 financial results on August 8, 2024, before the U.S. markets open. The company will host a conference call the same day at 8:30 a.m. Eastern Time to discuss the financial results, recent events, and answer questions. The call can be accessed via a live webcast through the Investor Relations section on LanzaTech's website. Domestic callers can dial 1-800-445-7795, and international callers can dial 1-785-424-1789 with the conference ID code: LANZA. A replay will be available until August 22, 2024, by dialing 1-844-512-2921 for domestic callers or 1-412-317-6671 for international callers, using access code: 11156373.
LanzaTech and LanzaJet have launched CirculAir™, a breakthrough technology to convert waste, carbon, and renewable power into sustainable aviation fuel (SAF). This end-to-end solution leverages LanzaTech's gas fermentation technology and LanzaJet's Alcohol-to-Jet (ATJ) technology to produce SAF from ethanol. The new offering is expected to significantly reduce aviation emissions by at least 85%, and its widespread adoption is projected to lower the global cost of SAF. CirculAir can process a wide range of waste materials, and projects are already underway globally, including in Australia, New Zealand, the UAE, and the UK.
LanzaTech Global announced an increase in its ownership of LanzaJet from approximately 23% to around 36%. This increase comes as part of a previously signed agreement that allows LanzaJet to sublicense its Alcohol-to-Jet (ATJ) technology for converting ethanol to sustainable aviation fuel (SAF). This ownership change is tied to a new project with Jet Zero Australia, aiming to establish Australia's first ethanol-to-SAF plant. LanzaJet's reference plant, Freedom Pines Fuels in Georgia, serves as a model for this project. The agreement is expected to increase LanzaTech's stake in LanzaJet to 46% and eventually 53% over the next 12 to 18 months. This collaboration is part of a larger effort to scale global SAF deployment, with the potential to significantly reduce aviation emissions by at least 85%. LanzaTech views this transaction as a key step toward commercialization, promising value creation for its shareholders.
LanzaTech Global, a leading carbon recycling company, announces its participation in three key investor events in June 2024. The management team will present at Evercore ISI’s Global Clean Energy & Transition Technologies Summit on June 12 in New York City, J.P. Morgan’s Energy, Power & Renewables Conference on June 17-18 in New York City, and Roth’s London Conference from June 25-27 in London. These events provide opportunities for LanzaTech to showcase its innovative solutions for transforming waste carbon into sustainable raw materials and feedstocks for aviation fuel.
LanzaTech Global (NASDAQ: LNZA) has appointed Kate Walsh as Vice President of Investor Relations, effective May 20, 2024. Walsh brings nearly 15 years of experience in investor relations and finance, primarily in the energy sector. She will drive LanzaTech's financial communications strategy and engage with investors and analysts. The company's CFO, Geoff Trukenbrod, highlighted that Walsh's expertise comes at a pivotal time as LanzaTech scales its carbon recycling solutions and expands its customer base and geographical reach. Walsh previously served in senior roles at Enviva, EnLink Midstream, and Niska Gas Storage Partners. She is a Chartered Professional Accountant and holds a Bachelor of Commerce degree from Dalhousie University.
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