On 10 February 2023, LanzaTech, an innovative carbon capture and transformation (CCT) company, began trading on Nasdaq under the ticker symbols LNZA and LNZAW, respectively. LanzaTech, formerly known as AMCI Acquisition Corp. II, raised $240 million in a transaction involving accredited investors, institutional buyers, and strategic partners. The transaction values LanzaTech at an enterprise value of roughly $1.8 billion. LanzaTech is now the first publicly traded carbon capture and transformation company in the United States.
LanzaTech’s gas fermentation technology is designed to reduce carbon emissions in heavy industry and manufacturing by converting waste carbon into sustainable fuels, fabrics, packaging, and other daily-use products. The company's scalable technology is designed to help industries reduce their carbon footprint and environmental impact in a profitable way. LanzaTech’s vision is to ‘create a just energy transition for all’ by supporting customers’ ESG goals and helping industries meet mandated emission-reduction targets.
LanzaTech’s portfolio of customers, partners, and investors includes steel producers, such as ArcelorMittal, energy companies, like Suncor Energy and Shell, and aviation companies, such as All Nippon Airways, British Airways, and Virgin Atlantic. LanzaTech’s technology platforms provide multiple points of carbon use and offer a solution that can be a meaningful contributor to solving the global carbon crisis.
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LanzaTech’s technology is patent-protected, with over 1,250 patents covering multiple aspects of its technology platform. Its goal is to challenge and change how 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 management believes its commercially viable carbon capture technology has the potential to enable decarbonisation in many of the world’s most carbon-intensive industries. By licensing its technology to customers, LanzaTech provides an opportunity to make significant progress toward sustainability goals. The licensing-driven business model provides a global opportunity unencumbered by geography.
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The transaction and LanzaTech's status as a new public company will facilitate its growth plans and accelerate the validation and deployment of its revolutionary CCT technology. LanzaTech's capital-light, licensing-driven business model not only enables LanzaTech to significantly accelerate the deployment of its technology, but also creates opportunities to achieve sustainability goals.
Keywords: LanzaTech, carbon capture, carbon economy, NASDAQ, decarbonisation
