ADNOC, LanzaTech Enter Strategic Partnership to Explore Biotechnology Solutions for Decarbonization of Fuels and Chemicals
May 10 2023 - 6:30AM
LanzaTech Global, Inc. (Nasdaq: LNZA)—an innovative carbon capture
and transformation (“CCT”) company that converts waste carbon into
materials such as sustainable fuels, fabrics, packaging, and other
products that people use in their daily lives—and ADNOC have
entered a partnership to explore innovative technology solutions to
reduce the industry's carbon footprint while producing sustainable
fuels and chemicals.
LanzaTech’s CCT technology uses proprietary bacteria that
consume carbon-rich waste streams from oil, gas, and manufacturing
facilities, and convert it into CarbonSmart™ chemical intermediates
for the production of rubber, plastics, synthetic fibers, and other
hydrocarbons. These materials form the building blocks for consumer
products such as clothing and laundry detergent as well as
sustainable aviation fuel (“SAF”). LanzaTech’s technology platform
is designing a future in which consumers can continue using
indispensable products without depending exclusively on materials
derived from virgin fossil inputs.
To facilitate developments on the path to a circular economy and
net-zero energy sourcing, ADNOC and LanzaTech will explore
potential opportunities with gas fermentation technology for the
production of ethanol and other chemical intermediates—such as
carbon negative acetone and isopropanol from waste gases (e.g.
carbon monoxide, hydrogen and carbon dioxide)—as well as the
production of SAF.
“Addressing climate change requires a multi-stakeholder
approach. Partnering with ADNOC to make today’s fuels and materials
cleaner is a critical step in our mission to reduce emissions and
achieve our climate change goals as well as for advancing the US
and UAE’s Partnership for Accelerating Clean Energy (PACE),” said
Jennifer Holmgren, LanzaTech’s CEO. “We’re energized by this
partnership’s ability to help decarbonize one of the largest energy
providers in the world, enabling them to showcase this real-world
application to peers in the industry.”
About LanzaTechHeadquartered in Skokie, Ill.,
LanzaTech transforms waste carbon into materials such as
sustainable fuels, fabrics, packaging, and other products. Using a
variety of waste feedstocks, LanzaTech’s technology platform
highlights a future where consumers are not dependent on virgin
fossil feedstocks for everything in their daily lives. LanzaTech’s
goal is to challenge and change the way the world uses carbon,
enabling a new circular carbon economy where carbon is reused
rather than wasted, skies and oceans are kept clean, and pollution
becomes a thing of the past. For more LanzaTech visit
https://lanzatech.com.
Forward-Looking StatementsThis press release
includes forward-looking statements regarding LanzaTech based on
the beliefs and assumptions of its management. Although LanzaTech
believes that its plans, intentions, and expectations reflected in
or suggested by these forward-looking statements are reasonable,
LanzaTech cannot assure you that it will achieve or realize these
plans, intentions, or expectations. Forward-looking statements are
inherently subject to risks, uncertainties, and assumptions. You
should not put undue reliance on these statements, which speak only
as of the date hereof. LanzaTech undertakes no obligations to
update or revise publicly any forward-looking statements, whether
because of new information, future events or otherwise, except as
required by law.
Contacts:
Media Contact - LanzaTechKit McDonnell,
Director of CommunicationsKit.McDonnell@lanzatech.com
Investor Relations Contact - LanzaTechOmar
El-Sharkawy Director, Corporate Development
LanzatechIR@icrinc.com
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