LanzaTech Global, Inc. (“LanzaTech”), formerly known as AMCI
Acquisition Corp. II (“AMCI”), an innovative carbon capture and
transformation (“CCT”) company that converts waste carbon into
materials such as sustainable fuels, fabrics, packaging and other
products that people use in their daily lives, will begin trading
today, February 10, 2023 on Nasdaq. Shares of LanzaTech’s common
stock will trade on Nasdaq under the ticker symbol LNZA and its
public warrants are to begin trading on Nasdaq under the ticker
symbol LNZAW. LanzaTech is the first CCT company to become public
in the United States.
“Today marks a tremendous milestone in our
company’s journey, as the first shares of LanzaTech common stock
will trade on Nasdaq, as we successfully navigated our business
combination transaction with AMCI Acquisition Corp. II. We are
thrilled to complete this transaction, and begin this new chapter
in the company’s history as we transition to a public company. The
proceeds enabled by this transaction, coupled with the additional
strategic partnerships we have signed with some of the largest
energy and industrial leaders across the globe, provide a
significant runway for us to drive shareholder value and execute on
our mission of providing equal access to a post pollution future
for all,” stated Jennifer Holmgren, Chairwoman and CEO of LanzaTech
Global, Inc.
Commercially Scaled Technology to
Implement the Circular Carbon Economy of Tomorrow
LanzaTech’s gas fermentation technology is
designed to provide a profitable pathway for alleviating the
significant carbon problem of heavy industry and manufacturing.
Through technology and applications that are designed to touch
multiple points of carbon use, LanzaTech believes it can offer a
solution which could be a meaningful contributor to solving the
global carbon crisis. LanzaTech’s scalable technology is designed
to enable participants in many industries to reduce their carbon
footprint and overall environmental impact in a profitable way and
to help end users replace materials made from virgin fossil
resources with materials made from recycled carbon. LanzaTech helps
customers create a more sustainable future by supporting customers’
ESG goals and helping industries meet mandated emissions reduction
targets.
Since its inception in 2005, LanzaTech has
scaled proprietary bio-reactors for its novel fuels and chemical
production process, using waste carbon emissions as a feedstock.
With three commercial facilities using its technology and over
1,250 patents covering multiple aspects of the technology platform,
LanzaTech’s vision is to create a just energy transition for
all.
LanzaTech, along with LanzaJet, Inc., a key
partner focused on the production of sustainable aviation fuel, has
built a roster of customers, partners and investors from a wide
variety of industries that range from steel producers, including
ArcelorMittal, and traditional energy companies, such as Suncor
Energy and Shell, to aviation companies including All Nippon
Airways, British Airways and Virgin Atlantic, commercially
validating the technology in a number of different applications and
illustrating a high degree of confidence and adoption across
numerous industries.
LanzaTech Helping Pave the Road to
Net-Zero
Using a variety of waste feedstocks, LanzaTech’s
technology platform highlights a future in which consumers are not
dependent on virgin fossil feedstocks in their daily lives.
LanzaTech’s goal is to challenge and change the way the world uses
carbon, enabling a new circular carbon economy in which carbon is
reused rather than wasted, skies and oceans are kept clean, and
pollution becomes a thing of the past.
LanzaTech’s capital-light, licensing-driven
business model not only enables LanzaTech to significantly
accelerate the deployment of its patent-protected technology, but
also creates a global opportunity unencumbered by geography. By
licensing its technology to customers, LanzaTech provides an
opportunity to make significant progress toward sustainability
goals.
LanzaTech’s management believes that its
commercially viable technology has the potential to enable
decarbonization in many of the world’s most carbon intensive
industries.
Continued Commercial Momentum Built
During Challenging Year for Broader Market
LanzaTech NZ, Inc has continued to make
significant strides, both commercially and technologically. Over
the course of the past year, LanzaTech NZ, Inc has achieved a
number of notable commercial wins and announced several significant
technology advancements. These include the opening of the third
commercial scale plant in China using LanzaTech NZ, Inc’s
technology, as well as several new commercial partnerships, further
validating LanzaTech NZ, Inc’s technology across a wide array of
end markets and applications. Some of the most notable developments
announced by LanzaTech NZ, Inc during 2022 include:
-
Twelve and LanzaTech Partner to Create Ethanol From
CO2 (March 03, 2022) – LanzaTech NZ, Inc. and carbon
transformation company Twelve announced the transformation of CO2
emissions into ethanol as part of an ongoing research and
development partnership. Eliminating fossil fuels from ethanol
production by converting CO2 to CO through Twelve’s carbon
transformation technology, and subsequently using LanzaTech NZ,
Inc.’s small Continuous Stirred Tank Reactor (CSTR) to convert CO
to ethanol, eliminates the use of feedstocks otherwise used as food
from the ethanol production
process.
-
Renewable Propane Partnership with SHV Energy
(March 23, 2022) – LanzaTech NZ, Inc and SHV
Energy announced a strategic partnership to employ LanzaTech NZ,
Inc’s CCT technology to bring renewable propane and other
sustainable fuels to the market via existing and novel
pathways.
-
Bridgestone Partners with LanzaTech to Pursue End-of-Life
Tire Recycling Technologies (April 13,
2022) – The two companies partnered to co-develop the
first dedicated end-of-life tire recycling process leveraging
LanzaTech NZ, Inc’s proprietary CCT technology and creating a
pathway toward tire material circularity and the decarbonization of
new tire production.
-
Method to Produce Sustainable PET Bottles from Captured
Carbon Discovered (May 26, 2022) – LanzaTech NZ,
Inc and Danone led a consortium which discovered a new route to
monoethylene glycol, (MEG), which is a key building block for
polyethylene terephthalate, resin, fibers and bottles. The
technology converts carbon emissions from steel mills or gasified
waste biomass directly into MEG.
-
LanzaTech and Brookfield Form Strategic Partnership with an
Initial $500 Million Commitment (October 3, 2022) –
Funding partnership with Brookfield Renewable, and its
institutional partners to co-develop and build new commercial-scale
production plants that will employ LanzaTech’s CCT technology.
-
LanzaTech Produces Ethylene from CO2 (October 11,
2022) - Breakthrough discovery successfully
engineering specialized biocatalysts to directly produce ethylene
from CO2 in a continuous process.
-
LanzaTech and Woodside Energy Announce Strategic
Collaboration (October 24, 2022) – Collaboration with
Woodside Energy in which Woodside will design, construct, own,
maintain and operate pilot facilities relating to LanzaTech’s
technologies.
-
LanzaTech Announced as a Finalist for the Earthshot Prize
Awards (November 4, 2022) – Launched in 2020 by
HRH Prince William, The Earthshot Prize is the world’s most
prestigious environmental prize. Following a rigorous, 10-month
selection process, a panel of advisors with expertise in science,
conservation, innovation, investment, economics, politics and
activism selected LanzaTech from more than 1,000 nominations.
About LanzaTechHeadquartered in
Skokie, Ill., LanzaTech transforms waste carbon into materials such
as sustainable fuels, fabrics, packaging, and other products. Using
a variety of waste feedstocks, LanzaTech’s technology platform
highlights a future where consumers are not dependent on virgin
fossil feedstocks for everything in their daily lives. LanzaTech’s
goal is to challenge and change the way the world uses carbon,
enabling a new circular carbon economy where carbon is reused
rather than wasted, skies and oceans are kept clean, and pollution
becomes a thing of the past. For more LanzaTech visit
https://lanzatech.com.
Forward-Looking StatementsThis
press release includes forward-looking statements regarding, among
other things, the plans, strategies and prospects, both business
and financial, of LanzaTech. These statements are based on the
beliefs and assumptions of LanzaTech’s management. Although
LanzaTech believes that its plans, intentions and expectations
reflected in or suggested by these forward-looking statements are
reasonable, LanzaTech cannot assure you that it will achieve or
realize these plans, intentions or expectations. Forward-looking
statements are inherently subject to risks, uncertainties and
assumptions. Generally, statements that are not historical facts,
including statements concerning possible or assumed future actions,
business strategies, events or results of operations, are
forward-looking statements. These statements may be preceded by,
followed by or include the words “believes,” “estimates,”
“expects,” “projects,” “forecasts,” “may,” “will,” “should,”
“seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar
expressions. The forward-looking statements are based on
projections prepared by, and are the responsibility of, LanzaTech’s
management. These forward-looking statements are not guarantees of
future performance, conditions or results, and involve a number of
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are outside LanzaTech’s control,
that could cause actual results or outcomes to differ materially
from those discussed in the forward-looking statements. New risk
factors that may affect actual results or outcomes emerge from time
to time and it is not possible to predict all such risk factors,
nor can LanzaTech assess the impact of all such risk factors on its
business, or the extent to which any factor or combination of
factors may cause actual results to differ materially from those
contained in any forward-looking statements. Forward-looking
statements are not guarantees of performance. You should not put
undue reliance on these statements, which speak only as of the date
hereof. All forward-looking statements attributable to LanzaTech or
persons acting on its behalf are expressly qualified in their
entirety by the foregoing cautionary statements. LanzaTech
undertakes no obligations to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Contacts:
Media Contact - LanzaTechFreya Burton, Chief
Sustainability OfficerLanzatechPR@icrinc.com
Investor Relations Contact - LanzaTech
Omar El-SharkawyVP, Corporate
DevelopmentLanzatechIR@icrinc.com
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