Technip Energies and LanzaTech Awarded Funding from the U.S. Department of Energy for Commercializing Breakthrough CO2 to Ethylene Technology
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Project SECURE Announcement: Technip Energies and LanzaTech have received up to $200 million in federal funding from the U.S. Department of Energy for their Sustainable Ethylene from CO2 Utilization with Renewable Energy Project, which aims to recycle captured carbon dioxide into sustainable ethanol and ethylene.
Project Goals and Community Impact: The project will first be implemented in the U.S. Gulf Coast region, enhancing existing ethylene production while creating jobs and supporting local communities, with oversight from the Office of Clean Energy Demonstrations to ensure progress and community benefits.
Analyst Views on LNZAW
Wall Street analysts forecast LNZAW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LNZAW is USD with a low forecast of USD and a high forecast of 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.
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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.
