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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) announced it will release its Q1 2023 financial results on May 15, 2023, prior to the market opening. A conference call is scheduled for the same day at 8:30 A.M. ET to discuss these results and recent events. Investors and stakeholders can access the call through a live webcast. The replay will be available shortly after the call, accessible for a limited period. LanzaTech focuses on Carbon Capture and Transformation, converting waste carbon into sustainable materials like fuels and packaging, promoting a circular carbon economy.
LanzaTech UK Ltd has proposed Wales' first carbon recycling facilities in Port Talbot, aiming to convert emissions into Sustainable Aviation Fuel (SAF). The initiative, known as Project Dragon, seeks planning permission for a commercial-scale Alcohol-to-Jet facility designed to supply around 1% of the UK’s jet fuel needs, reducing aviation's climate impact by over 70%. Funded by a £25 million grant from the Department for Transport’s Advanced Fuels Fund, construction is set to begin in 2025. LanzaTech's innovative processes will employ a naturally occurring organism to convert greenhouse gases into sustainable ethanol. The project represents a significant step towards the UK's net zero goals, fostering long-term green jobs and revitalizing the local economy.
LanzaTech Global reports its 2022 financial results and projects significant growth for 2023. Total revenue for 2023 is anticipated to range from $80 million to $120 million, a substantial increase from $37.3 million in 2022. The company aims to improve its Adjusted EBITDA to a loss between $(65 million) and $(55 million), compared to a loss of $(69.2 million) in 2022. LanzaTech currently holds $230 million in cash post-transaction, allowing it to fund operations until achieving positive Adjusted EBITDA by the end of 2024. The company’s growth is driven by new projects and operational plants.
LanzaTech Global has achieved RSB certification, validating its commitment to sustainability and social responsibility. The certification confirms LanzaTech's compliance with the RSB Global Standard, bolstering customer confidence in the sustainability of its products. CEO Jennifer Holmgren emphasized the importance of this achievement in building trust and supporting a circular bioeconomy. The company’s technology transforms waste carbon into sustainable materials like fuels and fabrics, aiming to reduce climate change impacts. This certification marks a significant step in LanzaTech's mission to create a cleaner future by reusing carbon and minimizing pollution.
LanzaTech Global (Nasdaq: LNZA) has appointed three new directors: Dorri McWhorter, Barbara Moakler Byrne, and Nimesh Patel, enhancing its board post-Nasdaq listing.
The new members bring extensive experience in sustainable development, corporate finance, and social impact, critical for LanzaTech's vision of a post-pollution future. McWhorter, CEO of YMCA Metropolitan Chicago, will lead the Audit Committee. Byrne, a former Vice Chairperson at Barclays, is recognized for her expertise in corporate partnerships. Patel was instrumental in LanzaTech's public listing and has significant financial experience. This board diversification aims to strengthen LanzaTech's approach to a circular carbon economy.
LanzaTech, a leader in Carbon Capture and Transformation, has partnered with Tadweer, the Abu Dhabi Waste Management Company, to explore opportunities for a large-scale conversion plant. This facility will focus on transforming solid municipal waste into sustainable alternative fuel, aligning with the UAE's sustainability goals. CEO Jennifer Holmgren emphasized that this project could significantly reduce reliance on virgin fossil resources and aid in managing increasing municipal waste. This collaboration also enhances US-UAE ties in clean energy initiatives.
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