LanzaTech and Eramet announce plans for first-of-a-kind integrated Carbon Capture, Utilization and Storage (CCUS) project in Norway
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Should l Buy LNZA?
Source: Newsfilter
LanzaTech's New Facility: LanzaTech Global, Inc. plans to develop a commercial-scale Carbon Capture and Utilization facility in Porsgrunn, Norway, expected to produce ethanol by 2028, utilizing furnace gas from Eramet's manganese smelter as feedstock.
Collaboration for Emission Reduction: The project aims to integrate Carbon Capture and Storage technology in a second phase to further reduce emissions, potentially decreasing Eramet's CO2 emissions by approximately 200 kilotons, while also creating jobs in the local community.
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Analyst Views on LNZA
Wall Street analysts forecast LNZA stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 9.000
Low
14.00
Averages
14.00
High
14.00
Current: 9.000
Low
14.00
Averages
14.00
High
14.00
About LNZA
LanzaTech Global, Inc. is a carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein. Using its bio-recycling technology, the Company captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. It 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. It has developed and deployed a proprietary technology platform that integrates gas fermentation with upstream gasification and downstream product processing. Its platform utilizes feedstocks containing carbon dioxide, hydrogen, and carbon monoxide, including industrial emissions, gasified municipal and agricultural waste, and reformed biogas. Its technology produces ethanol, which serves as a chemical building block for various consumer goods, including sustainable fuels, packaging materials, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Deepened Technical Collaboration: This increase in ownership is in accordance with a previously signed agreement that allows LanzaJet to further sublicense its Alcohol-to-Jet technology, which is expected to enhance sustainable aviation fuel production and strengthen supply chain resilience.
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See More
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- Job Creation: The project is expected to create approximately 300 skilled jobs during construction and 150 permanent positions once operational, thereby boosting local economic growth and enhancing regional employment levels.
- Government Support: LanzaTech has secured a £6.4 million grant from the UK government to accelerate the DRAGON projects, indicating strong governmental backing for renewable energy initiatives and aiding in achieving net-zero emissions goals.
- Technological Collaboration: LanzaTech plans to collaborate with local partners to leverage regional supply chains and hydrogen production facilities, further solidifying Humberside's leadership in industrial decarbonization and promoting the development of a low-carbon hydrogen industry.
See More
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- Successful Financing: LanzaTech has successfully closed a $20 million private placement, attracting top-tier investors including SiteGround, which further strengthens its market position in carbon recycling.
- Project Advancement: In 2025, the company secured a €40 million grant from the EU Innovation Fund and a £6.4 million grant from the UK's Advanced Fuels Fund to advance first-of-a-kind CCUS and sustainable aviation fuel projects, marking its industry-leading technology.
- Commercial Operations Expansion: LanzaTech's commercial-scale solutions are operational in Asia and Europe, transforming waste gases from steel plants and other heavy industries into valuable materials, enhancing energy security and supporting sustainable global manufacturing.
- Future Strategy: The company plans to drive large-scale fuel and chemical production through a hub-and-spoke manufacturing model that channels distributed ethanol production to central Alcohol-to-Jet (ATJ) facilities, setting a new benchmark for manufacturing agility and resilience.
See More
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- Ethanol Yield Breakthrough: LanzaTech's pilot plant in Japan achieved over 14 consecutive days of ethanol yields exceeding guaranteed performance, marking the most successful fermentation campaign to date and demonstrating the reliability and adaptability of its technology.
- Complex Gas Handling Capability: The facility successfully operated on complex syngas streams with CO + H₂ content as low as 40%, showcasing LanzaTech's robust gas fermentation platform's ability to handle diverse waste sources, thereby supporting the development of a global circular carbon economy.
- Innovative Collaboration: The project highlights LanzaTech's innovation in solid waste gasification technology through collaboration with SEKISUI Chemical, emphasizing the adaptability and technical viability of its fermentation process, which is crucial for expanding sustainable fuels and chemicals.
- Government Support: Funded by Japan's Ministry of the Environment and the Ministry of Economy, Trade, and Industry, the project reflects governmental commitment to sustainable technologies, with LanzaTech planning to further promote its waste-to-energy solutions in Japan and beyond.
See More
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- Stake Increase: LanzaTech announced an increase in its stake in LanzaJet to 53%, following the successful production of ASTM-certified sustainable fuels at its Freedom Pines Fuels facility in Soperton, Georgia, which enhances the company's strategic positioning in the renewable energy sector.
- Production Milestone: The Freedom Pines Fuels facility is the world's first commercial-scale plant to produce jet fuel from ethanol, successfully generating Synthetic Paraffinic Kerosene and Renewable Diesel, showcasing LanzaTech's technological leadership in the sustainable fuel market.
- Equity Structure Adjustment: This stake increase was executed under the Second Amended & Restated LanzaJet Investment Agreement, with the final stock issuances not involving new capital investment from LanzaTech, indicating a strategic intent to optimize resource allocation within the existing investment framework.
- Future Growth Potential: By enhancing its control over LanzaJet, LanzaTech not only solidifies its market position in sustainable fuels but also lays the groundwork for potential technological expansions and growth in market demand, further advancing the implementation of the company's long-term growth strategy.
See More
LanzaTech Increases Stake in LanzaJet to 53%
- Increased Ownership: LanzaTech has raised its stake in LanzaJet to 53% following the successful production of ASTM-certified sustainable fuels at the Freedom Pines Fuels facility, reflecting the company's confidence in the sustainable aviation fuel market.
- Deepened Technical Collaboration: This increase in ownership is in accordance with a prior agreement that allows LanzaJet to further sublicense its Alcohol-to-Jet (ATJ) technology, aiming to accelerate the commercialization of sustainable aviation fuel through collaborative efforts.
- Significant Environmental Impact: LanzaTech's technology converts various carbon sources into ethanol, which LanzaJet uses to produce sustainable aviation fuel, potentially reducing aviation emissions by up to 85%, thereby enhancing energy security and supply chain resilience.
- Clear Strategic Vision: Since spinning out LanzaJet in 2020, LanzaTech has aimed to accelerate the development of ethanol-to-jet solutions, and the current stake increase further solidifies its leadership position in the sustainable fuels sector.
See More
LanzaTech Increases Stake in LanzaJet to 53%
- Increased Ownership: LanzaTech has raised its stake in LanzaJet to 53% following the successful production of ASTM-certified sustainable fuels at the Freedom Pines Fuels facility, indicating the company's commitment to the sustainable fuels market.
- Deepened Technical Collaboration: This increase in ownership is in accordance with a previously signed agreement that allows LanzaJet to further sublicense its Alcohol-to-Jet technology, which is expected to enhance sustainable aviation fuel production and strengthen supply chain resilience.
- Significant Environmental Impact: LanzaTech's technology can convert various carbon sources into ethanol, which LanzaJet uses to produce sustainable aviation fuel, potentially reducing aviation emissions by up to 85%, thereby positively impacting the environment.
- Broad Market Prospects: LanzaTech's increased stake underscores its commitment to LanzaJet's success, which is expected to accelerate the global deployment of ethanol-to-jet solutions, further expanding market opportunities for sustainable fuels.
See More
