LanzaTech Global now trading on Nasdaq

Carbon capture company LanzaTech Global, a company that converts waste carbon into sustainable fuels, fabrics, packaging and other products, commenced trading on Nasdaq on 10 Feb. under the ticker symbol LNZA. It is the first carbon capture company in the US to do so.

Calling the listing a ‘tremendous milestone’, Jennifer Holmgren, chairwoman and CEO of LanzaTech Global said the company was thrilled to complete the transaction.
“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,” she said.
LanzaTech’s gas fermentation technology, says the company, can contribute to solving the global carbon crisis,  alleviating the significant carbon problem of heavy industry and manufacturing and supporting their decarbonisation.

Its scalable gas fermentation technology is designed to reduce the carbon footprint and overall environmental impact of industrial sectors in a profitable way and to help end users replace materials made from virgin fossil resources with materials made from recycled carbon. It does so by capturing emissions from an industrial source or a landfill site and converting these, with the help of bacteria, to fuels and chemical.
As well, LanzaTech helps customers create a more sustainable future, providing support for ESG goals and helping industries meet mandated emissions reduction targets.
Since its founding in 2005, LanzaTech has scaled proprietary bio-reactors for its novel fuels and chemical production process, using waste carbon emissions as a feedstock. The company currently operates three commercial facilities and holds over 1,250 patents covering multiple aspects of the technology platform.

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. Its management believes that its commercially viable technology has the potential to enable decarbonisation in many of the world’s most carbon-intensive industries. And to demonstrate that, the company ‘leads by example’, as Holmgren wrote in the company’s 2021 Impact Report.
LanzaTech produced over 30 million gallons of ethanol from waste carbon in 2021, equivalent to offsetting 150,000 metric tons of CO2 from the atmosphere.
“Our operations at scale using different gas streams have also shown that we can convert more than 90 percent of the carbon in CO2 gas streams into ethanol. Beyond carbon efficiencies, our process is designed to recycle over 90 percent of the water we use. In addition, the spent bacterial biomass from our process can be used as a nutrition source for aquaculture. This is circularity in action.”