LanzaTech Global Inc Stock Price, News & Analysis

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.

LanzaTech Global, the carbon recycling company (NASDAQ: LNZA), announced its management team's participation in two upcoming investor events. The first is the Barclays CEO Energy & Power Conference in New York City from September 4-5. The second is Santander's Carbon Removal Capital Summit in San Francisco from September 10-12.

LanzaTech specializes in transforming waste carbon into sustainable fuels, chemicals, and materials. This participation in high-profile investor events suggests the company's commitment to engaging with the financial community and showcasing its innovative carbon recycling technologies.

Investors and interested parties can access LanzaTech's latest investor materials on their investor relations website at https://ir.lanzatech.com/. This provides an opportunity for stakeholders to stay updated on the company's progress and future plans in the sustainable energy sector.

LanzaTech Global, Inc. (NASDAQ: LNZA) and LanzaJet, Inc. have announced a new project with Australia's Wagner Sustainable Fuels to evaluate equipping Wagner's Brisbane SAF Refinery with the CirculAir™ platform. This platform converts waste carbon and renewable power into Sustainable Aviation Fuel (SAF). The project has received financial investments from The Boeing Company and the Queensland Government.

The CirculAir process utilizes LanzaTech's carbon recycling technology to transform local waste streams into CarbonSmart™ ethanol, which is then converted into SAF using LanzaJet's Alcohol-to-Jet (ATJ) technology. This project aims to accelerate the development of a domestic Australian SAF market, create jobs in Queensland, increase energy security, and reduce global aviation greenhouse gas emissions.

LanzaTech (NASDAQ: LNZA) reported Q2 2024 financial results, reaffirming its full-year 2024 outlook and announcing a $40 million investment from Carbon Direct Capital. Key highlights include:

- Revenue of $17.4 million, up 35% year-over-year
- Gross profit of $11.9 million, a 469% increase
- Adjusted EBITDA loss of $(17.8) million, improved by 25%
- Reaffirmed full-year 2024 guidance: revenue of $90-$105 million and adjusted EBITDA loss of $(65)-$(55) million

The company made progress in its Biorefining business, increased its stake in LanzaJet to 37%, and launched CirculAir, a joint offering for sustainable aviation fuel production. LanzaTech expects several projects to reach Final Investment Decision by Q4 2024.

LanzaTech Global, Inc. (NASDAQ: LNZA) has been awarded a contract by Jakson Green to provide their 4G ethanol technology to NTPC , India's largest power generation utility. The facility in Central India will use LanzaTech's second generation bioreactor to convert CO2 emissions and green H2 into ethanol. This project represents an expansion into the power generation industry, using CO2 as the sole carbon source.

The plant, conceptualized by LanzaTech and NTPC's R&D arm NETRA, is designed to support commercial-scale deployment of LanzaTech's carbon recycling technology. It has an annual CO2 abatement capacity of 7,300 tons and is expected to begin operations within two years. This initiative supports NTPC's Energy Compact Goals and India's energy transition initiatives, aligning with Prime Minister Modi's Make in India initiative.

LanzaTech Global, the carbon recycling company, will release its Q2 2024 financial results on August 8, 2024, before the U.S. markets open. The company will host a conference call the same day at 8:30 a.m. Eastern Time to discuss the financial results, recent events, and answer questions. The call can be accessed via a live webcast through the Investor Relations section on LanzaTech's website. Domestic callers can dial 1-800-445-7795, and international callers can dial 1-785-424-1789 with the conference ID code: LANZA. A replay will be available until August 22, 2024, by dialing 1-844-512-2921 for domestic callers or 1-412-317-6671 for international callers, using access code: 11156373.

LanzaTech and LanzaJet have launched CirculAir™, a breakthrough technology to convert waste, carbon, and renewable power into sustainable aviation fuel (SAF). This end-to-end solution leverages LanzaTech's gas fermentation technology and LanzaJet's Alcohol-to-Jet (ATJ) technology to produce SAF from ethanol. The new offering is expected to significantly reduce aviation emissions by at least 85%, and its widespread adoption is projected to lower the global cost of SAF. CirculAir can process a wide range of waste materials, and projects are already underway globally, including in Australia, New Zealand, the UAE, and the UK.

LanzaTech Global announced an increase in its ownership of LanzaJet from approximately 23% to around 36%. This increase comes as part of a previously signed agreement that allows LanzaJet to sublicense its Alcohol-to-Jet (ATJ) technology for converting ethanol to sustainable aviation fuel (SAF). This ownership change is tied to a new project with Jet Zero Australia, aiming to establish Australia's first ethanol-to-SAF plant. LanzaJet's reference plant, Freedom Pines Fuels in Georgia, serves as a model for this project. The agreement is expected to increase LanzaTech's stake in LanzaJet to 46% and eventually 53% over the next 12 to 18 months. This collaboration is part of a larger effort to scale global SAF deployment, with the potential to significantly reduce aviation emissions by at least 85%. LanzaTech views this transaction as a key step toward commercialization, promising value creation for its shareholders.