LanzaTech plans announced for Wales’ first Sustainable Aviation Fuel production in Port Talbot
17 April 2023 - 9:00AM
LanzaTech UK Ltd, a subsidiary of LanzaTech Global, Inc. (Nasdaq:
LNZA) (“LanzaTech” or the “Company”) has announced plans for Wales’
first carbon recycling facilities in and around Port Talbot that
would transform emissions into Sustainable Aviation Fuel. The
pioneering ‘Project Dragon’ aims to reduce emissions from industry
and help facilitate lower emission flying.
Building on the area’s industrial strength, the
facilities enable Neath Port Talbot to play a leading role in
creating carbon reduction industries in South Wales critical to
delivering the UK’s net zero economy and tackling the climate
emergency.
LanzaTech is initially seeking planning
permission for a ground-breaking commercial scale Alcohol-to-Jet
facility that would supply around 1% of the UK’s jet fuel needs.
The facility is expected to convert sustainable ethanol, via the
LanzaJet™ Alcohol-to-Jet Process™, into sustainable aviation fuel
which reduces the climate impact of flying by more than 70%. To
produce the ethanol for the Alcohol-to-Jet plant, a second facility
is planned which uses a naturally occurring organism that
transforms greenhouse gases to ethanol as part of its natural life
cycle. With a World Health Organization Risk Group Rating the same
as baker’s yeast, this nature-based solution creates valuable raw
materials that would otherwise come from virgin fossil inputs. The
details of this second facility would be progressed through a
separate planning application when the location is confirmed.
Aviation is one of the most difficult sectors to
decarbonise and, to accelerate the project, LanzaTech has received
£25 million of support from the Department for Transport’s Advanced
Fuels Fund. Subject to planning permission, construction of the
Alcohol-to-Jet facility is expected to begin in 2025 with
production starting in 2026/7.
Remarking on this news, Jim Woodger, LanzaTech
UK Ltd. Managing Director, said, “LanzaTech is thrilled to announce
its plans to transform derelict land in Port Talbot into the site
for Wales first sustainable aviation fuel production. The rich
industrial heritage of the region will be maintained through new
innovative technologies like these which transform industrial waste
gases into valuable products and create long-term, skilled
jobs.”
LanzaTech will be sharing further details of its
plans for the Alcohol-to-Jet facility as these develop in the
coming months, and are keen to receive feedback from members of the
local Port Talbot community including through a new project website
which launched today at www.lanzadragon.wales. A full planning
application for the Alcohol-to-Jet facility is being prepared and
will be submitted later this year. A location for the second
facility converting wastes to sustainable ethanol is still being
identified. Once this is finalised a second planning application
will be submitted.
Ben Burggraaf, CEO of Net Zero Industry Wales,
added, “We are delighted to see LanzaTech’s project progress within
the wider South Wales Industrial Cluster. Together with the
successful Celtic Freeport bid and the shortlisting of Hanson’s
capture and storage project in North Wales, Industry is now
creating skilled, long-term and green jobs in Wales.”
LanzaTech’s announcement coincides with the
release of a new roadmap for net zero aviation by Sustainable
Aviation. The report identifies sustainable aviation fuels as the
key immediate opportunity to reduce aviation's greenhouse gas
emissions and as playing a major role in reaching net-zero aviation
by 2050. The roadmap is being released at a major conference and
exhibition on zero emission aviation at Farnborough.
ENDS
Notes to editor
For media enquiries please contact Emily Bell
(emily.bell@turley.co.uk / +44 7919 302 471)
Consultation events will be taking place over
the summer. Further project detail is available on the dedicated
project website www.lanzadragon.wales.
Further information about the Sustainable
Aviation roadmap to net zero emissions are available at
www.sustainableaviation.co.uk.
About LanzaTech
Headquartered in Skokie, Illinois, US, LanzaTech Global, Inc.
(Nasdaq: LNZA), 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 information about LanzaTech
visit: https://lanzatech.com.
Forward-Looking Statements
This press release includes forward-looking
statements regarding LanzaTech based on the beliefs and assumptions
of its 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. You should not put undue
reliance on these statements, which speak only as of the date
hereof. LanzaTech undertakes no obligations to update or revise
publicly any forward-looking statements, whether because of new
information, future events or otherwise, except as required by
law.
LanzaTech Global (NASDAQ:LNZA)
Historical Stock Chart
From Jun 2024 to Jul 2024
LanzaTech Global (NASDAQ:LNZA)
Historical Stock Chart
From Jul 2023 to Jul 2024