LanzaTech Global Inc Stock Price, News & Analysis

LanzaTech Global (NASDAQ: LNZA) has appointed Thierry Pilenko, former Executive Chairman of TechnipFMC, to its Board of Directors. With over 40 years of experience in energy and industrial sectors, Pilenko brings expertise in large-scale infrastructure development and technology deployment. His appointment increases the board to seven members. During his career at TechnipFMC and Technip, Pilenko led global teams across 45 countries, overseeing major projects including Shell's $12 billion Prelude floating LNG facility and the $20+ billion Yamal LNG project. He currently serves on the boards of Arkema and Trident Energy, and chairs Rely, a green hydrogen joint venture.

LanzaTech Global (NASDAQ: LNZA), a carbon recycling company focused on transforming waste carbon into sustainable fuels, chemicals, materials, and protein, has announced its management team's participation in upcoming investor events. The company will attend Baird's Global Industrial Conference in Chicago on November 14, 2024, and Janney's Clean Energy Investment Symposium in New Orleans on December 4-5, 2024. Investors can access the company's latest materials at their investor relations website.

LanzaTech (NASDAQ: LNZA) reported Q3 2024 financial results with revenue of $9.9 million, down from $19.6 million in Q3 2023. The company announced a significant ethanol off-take agreement with ArcelorMittal and advanced Project Drake, a 30-million-gallon sustainable aviation fuel project. Q3 net loss widened to $57.4 million from $25.3 million year-over-year, while Adjusted EBITDA loss increased to $27.1 million. The company is expanding its business model beyond technology licensing to include more ethanol product sales and increased biorefining value chain ownership. Cash position stood at $89.1 million as of September 30, 2024.

LanzaTech Global (NASDAQ: LNZA) announced plans to develop a commercial-scale Carbon Capture and Utilization facility at Herøya Industrial Park in Porsgrunn, Norway, expected to begin operations in 2028. The plant will produce 24 kilotons per annum of fuel-grade ethanol using furnace gas supplied by Eramet's Porsgrunn Manganese Alloys smelter. The project includes potential integration of Carbon Capture and Storage (CCS) technology in a second phase, creating a first-of-its-kind integrated facility. Brookfield Asset Management will have right of first refusal for financing, with Final Investment Decision expected within six months.

LanzaTech Global, Inc. (NASDAQ: LNZA) has been awarded $3 million by the U.S. Department of Energy's Office of Fossil Energy and Carbon Management (FECM) for Project ADAPT. This initiative aims to advance the conversion of waste CO2 into valuable chemicals, specifically isopropanol. The project, with a total cost of $3.8 million including LanzaTech's contribution, focuses on:

• Enhancing feedstock versatility
• Optimizing microbial strains
• Improving cost-effectiveness and efficiency

Isopropanol, used in various products and as a precursor to propylene, offers significant environmental benefits when produced from recycled CO2. The project aligns with the Biden-Harris Administration's climate goals and is expected to impact LanzaTech's financial results primarily in 2025 and 2026.

LanzaTech Global, Inc. (NASDAQ: LNZA), a carbon recycling company, has announced the date for its third-quarter 2024 earnings release and conference call. The financial results will be issued on Friday, November 8, 2024, before the U.S. financial markets open. A conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss the results and answer questions.

Investors can access the conference call via a live webcast through the Events and Presentations section of LanzaTech's Investor Relations website. For those attending via telephone, domestic callers can dial 1-800-274-8461, and international callers can dial 1-203-518-9814, using the conference identification code: LANZA. A replay of the call will be available until November 22, 2024, by dialing specific numbers for domestic and international callers.

LanzaTech Global, Inc. (NASDAQ: LNZA) announced plans to expand its biorefining platform to produce LanzaTech Nutritional Protein (LNP) as a primary product. LNP is a microbial protein derived from CO2 using LanzaTech's proprietary gas fermentation process. This expansion allows LanzaTech to enter the $1 trillion alternative protein market.

Key points:

• LNP production uses fewer land and water resources than traditional protein sources
• A pilot facility has been operating for two years
• Engineering design phase for a 0.5 to 1.5 ton per day facility is underway, expected to be operational in 2026
• Commercial-scale production planned for 2028
• Partnerships with leading brands and food testing organizations for analysis and prototyping
• Collaboration with the U.S. Navy Research Lab to evaluate creating nutritional proteins on military platforms

LanzaTech Global, Inc. (NASDAQ: LNZA) and Woodside Energy Group (ASX, NYSE, LSE: WSD) have announced their participation in a Bank of America hosted webinar on September 27, 2024. The event will feature Dr. Jennifer Holmgren, CEO of LanzaTech, and Meg O'Neill, CEO of Woodside, discussing key challenges in scaling the circular carbon economy and developing carbon abatement programs for energy companies.

The webinar is scheduled for 1:00 p.m. Central Daylight Time. Interested parties can attend or request an archived replay by emailing Kate Walsh, Vice President of Investor Relations at LanzaTech: Kate.Walsh@lanzatech.com.

LanzaTech Global, Inc. (NASDAQ: LNZA) has signed a Master License Agreement with SEKISUI CHEMICAL CO., to deploy a commercial-scale platform converting municipal and industrial solid waste into ethanol. This agreement advances their decade-long collaboration to divert waste from landfills and incinerators, generating sustainable feedstocks. SEKISUI plans to build multiple facilities across Japan, with the first expected to produce 10-12 kilotons of ethanol annually.

The ethanol output, classified as synthetic alcohol, can be used for various applications including Sustainable Aviation Fuel (SAF), apparel, personal care, and packaging. This partnership follows successful pilot and demonstration plants in Japan, showcasing the technology's potential to address waste management challenges while creating valuable resources and local jobs.