Welcome to our dedicated page for LanzaTech Global news (Ticker: LNZAW), a resource for investors and traders seeking the latest updates and insights on LanzaTech Global stock.
LanzaTech Global Inc (LNZAW) delivers transformative carbon recycling solutions through its proprietary gas fermentation technology. This dedicated news hub provides investors and industry observers with essential updates about the company's commercial deployments, strategic partnerships, and technological advancements in sustainable fuel production.
Access authoritative reporting on LanzaTech's biorecycling innovations, including ethanol-from-emissions projects and collaborations with global partners like ArcelorMittal. Our curated news collection covers earnings announcements, licensing agreements, and progress in converting industrial waste into sustainable aviation fuels through LanzaJet's ATJ technology.
Stay informed about developments in carbon capture applications across multiple sectors - from alternative protein production to circular materials manufacturing. This resource serves as your central reference for understanding how LanzaTech's commercial-scale operations are reshaping industrial sustainability practices worldwide.
Bookmark this page for real-time updates on carbon recycling milestones and operational expansions that demonstrate LanzaTech's leadership in the circular economy. Check regularly for verified information about feedstock innovations and global deployment of their bioreactor systems.
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.
LanzaTech Global, a leading carbon recycling company, announces its participation in three key investor events in June 2024. The management team will present at Evercore ISI’s Global Clean Energy & Transition Technologies Summit on June 12 in New York City, J.P. Morgan’s Energy, Power & Renewables Conference on June 17-18 in New York City, and Roth’s London Conference from June 25-27 in London. These events provide opportunities for LanzaTech to showcase its innovative solutions for transforming waste carbon into sustainable raw materials and feedstocks for aviation fuel.
LanzaTech Global (NASDAQ: LNZA) has appointed Kate Walsh as Vice President of Investor Relations, effective May 20, 2024. Walsh brings nearly 15 years of experience in investor relations and finance, primarily in the energy sector. She will drive LanzaTech's financial communications strategy and engage with investors and analysts. The company's CFO, Geoff Trukenbrod, highlighted that Walsh's expertise comes at a pivotal time as LanzaTech scales its carbon recycling solutions and expands its customer base and geographical reach. Walsh previously served in senior roles at Enviva, EnLink Midstream, and Niska Gas Storage Partners. She is a Chartered Professional Accountant and holds a Bachelor of Commerce degree from Dalhousie University.
LanzaTech reported total revenue of $10.2 million for the first quarter of 2024, matching annual guidance. They reiterated the full-year 2024 outlook with revenue expected to be $90 - $105 million. The company achieved impressive growth in its CarbonSmart and Joint Development Agreements businesses. LanzaTech's gross profit increased by 87% year-over-year, reaching $3.5 million, with a gross margin of 34%. Operating expenses declined by 14% year-over-year but increased quarter-on-quarter. The net loss for the first quarter was $(25.5) million. LanzaTech's Project SECURE received up to $200 million investment from the US Department of Energy. The company's Sustainable Aviation Fuel momentum is strong, with a new facility on track for production. LanzaTech's project development pipeline is expanding, adding new qualified projects. An organizational streamlining initiative is underway, aimed at reducing costs and improving efficiency. With $92.3 million in cash, restricted cash, and investments, LanzaTech is well-positioned to execute its objectives.
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