LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company
transforming waste carbon into sustainable fuels, chemicals, and
materials, and LanzaJet, Inc., a leading sustainable fuels
technology company and fuels producer, today announced a new
project with Australia’s Wagner Sustainable Fuels to evaluate
equipping Wagner’s Brisbane SAF Refinery (the “Project”) with the
CirculAir™ platform. The CirculAir platform is LanzaTech and
LanzaJet’s joint technology solution that converts waste carbon and
renewable power into Sustainable Aviation Fuel (SAF).
In addition to securing a commercial partnership with LanzaTech
and LanzaJet, the Project has received financial investments from
The Boeing Company and the Queensland Government. The Project is
expected to generate a multitude of benefits, including creating
jobs in Queensland, increasing domestic energy security for
Australia, and helping reduce global greenhouse gas emissions from
aviation.
“LanzaTech and LanzaJet look forward to providing our joint
commercial solution to Wagner Sustainable Fuels to accelerate the
development of a domestic Australian SAF market,” said Dr. Jennifer
Holmgren, CEO of LanzaTech and Board Chair of LanzaJet. “There is
enough carbon above ground to transition the 100 billion gallons of
fossil fuel-derived jet fuel consumed each year to jet fuel made
from recycled carbon. The flexibility of the CirculAir platform
makes it possible for this Project to unlock carbon from the myriad
waste-based resources available in Australia to meet local
demand.”
The CirculAir process first utilizes LanzaTech’s carbon
recycling technology to transform local waste streams, such as
industrial emissions and municipal solid waste, into CarbonSmart™
ethanol. Then, LanzaJet’s Alcohol-to-Jet (ATJ) technology converts
the ethanol into drop-in SAF. The CirculAir platform was designed
to accelerate decarbonization of the global aviation industry by
utilizing a variety of locally sourced waste-based feedstocks to
produce the SAF volumes needed to supplant fossil fuels.
“The Wagner Sustainable Fuels project in Brisbane allows
Australia to continue to stand out as a leader in Sustainable
Aviation Fuel, now leveraging the CirculAir platform we co-created
with LanzaTech to convert different forms of waste carbon into
sustainable fuels,” said Jimmy Samartzis, CEO of LanzaJet. “The
combination of LanzaJet’s leading SAF solution with the front-end
of LanzaTech’s proven and commercialized carbon recycling
technology makes it possible to create a domestic SAF supply in
Australia using local renewable waste sources, further supporting
the country’s energy security, while also working to protect its
natural environment.”
Enhancing SAF production is critical for aviation to reduce its
carbon footprint, as it is estimated that SAF will account for
65-70% of the emission reductions needed to meet the industry’s
2050 goal of net zero emissions. Historic supply constraints, high
costs, and technical barriers have made it difficult for the
industry to default to SAF as the primary aviation fuel source. The
CirculAir platform breaks down these barriers, as the technology is
able to turn a wide range of waste-based feedstocks into SAF to
meet demand, and it is being adopted by a range of customers across
the globe. This widespread adoption is projected to accelerate the
production and economies of scale necessary to bring down the
global cost of SAF.
“Our partnership with LanzaTech and LanzaJet will advance the
Wagner SAF Refinery in Brisbane, accelerating the SAF industry in
Australia and helping to decarbonize aviation by 2050,” said Matt
Doyle, Wagner Sustainable Fuels Chief Executive Officer. “Together,
these proven technologies can help us realize Australia’s first,
fully integrated SAF production facility and provide a path to
producing domestic fuel at scale.”
About LanzaTech
LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling
company transforming waste carbon into sustainable fuels,
chemicals, and materials for everyday products. Using its
biorecycling technology, LanzaTech captures carbon generated by
energy-intensive industries at the source, preventing it from being
emitted into the air. LanzaTech then gives that captured carbon a
new life as a clean replacement for virgin fossil carbon in
everything from household cleaners and clothing fibers to packaging
and fuels. By partnering with companies across the global supply
chain like ArcelorMittal, Zara, H&M Move, Coty, and On,
LanzaTech is paving the way for a circular carbon economy. For more
information about LanzaTech, visit https://lanzatech.com.
About LanzaJet
LanzaJet is a leading sustainable fuels technology company
dedicated to accelerating the clean energy transition. As a
Sustainable Aviation Fuel (SAF) technology provider and producer
with patented ethanol-based alcohol-to-jet (ATJ) technology,
LanzaJet is creating an opportunity for future generations by
accelerating the deployment of SAF and other clean technologies
critical to addressing the climate crisis and transforming the
global economy. Further information is available at
https://www.lanzajet.com/
About Wagner Sustainable Fuels
Wagner Sustainable Fuels is a company focused on reducing CO₂
emissions from Australia’s hard to abate sectors including aviation
and heavy transport through the supply of SAF and Renewable Diesel
(RD).
Forward Looking Statements
This 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, including
the adoption of our technology by third parties, fluctuations in
prices of waste feedstocks and process inputs, and the availability
of government funding. In addition, LanzaTech may be adversely
affected by other economic, business, or competitive factors, and
other risks and uncertainties, including those described under the
header “Risk Factors” in its Annual Report on Form 10-K for the
year ended December 31, 2023 filed by LanzaTech with the SEC, and
in subsequent SEC filings. 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:
LanzaTech
Investor RelationsKate WalshVP, Investor Relations &
TaxInvestor.Relations@lanzatech.com
MediaKit McDonnellDirector of
Communicationspress@lanzatech.com
LanzaJet
MediaMeg WhittyVP, Corporate Relations and Marketing
meg.whitty@lanzajet.com
LanzaTech Global (NASDAQ:LNZAW)
過去 株価チャート
から 7 2024 まで 8 2024
LanzaTech Global (NASDAQ:LNZAW)
過去 株価チャート
から 8 2023 まで 8 2024