LanzaTech Awarded Significant Grant by UK Government to Propel Sustainable Aviation Fuel Production
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
LanzaTech's Funding Announcement: LanzaTech Global, Inc. has received a £6.4 million grant from the UK government's Advanced Fuels Fund to accelerate its DRAGON 1 & 2 projects, which focus on producing sustainable aviation fuel (SAF) using innovative carbon management technologies.
Impact on Aviation and Economy: The funding supports LanzaTech's efforts to transform waste carbon into low-carbon fuels, contributing to the UK's SAF Mandate and promoting economic growth and job creation in industrial areas, while reinforcing LanzaTech's leadership in clean energy initiatives.
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: 13.540
Low
14.00
Averages
14.00
High
14.00
Current: 13.540
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.
