LanzaTech Announces £600 Million SAF Project in Humberside
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Investment Scale: LanzaTech's DRAGON II project in Humberside represents a £600 million investment aimed at producing 80,000 tonnes of sustainable aviation fuel (SAF) annually, which will meet about 1% of the UK's jet fuel requirements, significantly advancing the renewable energy market.
- 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.
Analyst Views on LNZA
Wall Street analysts forecast LNZA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LNZA is 14.00 USD with a low forecast of 14.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 12.810
Low
14.00
Averages
14.00
High
14.00
Current: 12.810
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.
