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Stock impact report

ArcelorMittal & LanzaTech Announce Ethanol Production Milestone [Yahoo! Finance]

LanzaTech Global, Inc. (LNZA) 
Company Research Source: Yahoo! Finance
MT and LanzaTech Global have announced that ethanol from ArcelorMittal's Steelanol facility in Ghent reached a production milestone, with ethanol volumes at a level that allows barge shipping. This achievement advances LanzaTech and ArcelorMittal's collaborative plan to create a robust European supply chain for regionally produced sustainable ethanol. ArcelorMittal's Steelanol facility converts carbon-rich industrial emissions from its blast furnace into fuel-grade ethanol using LanzaTech's cutting-edge carbon recycling technology. Ethanol production began in 2023, and the facility is the first of its kind in the European steel sector. The ethanol produced can be sold straight into fuel markets or purified and transformed for use in a variety of consumer products such as garments, personal care and packaging. With efforts like Steelanol, which transforms carbon-rich gasses into ethanol, and Torero, which makes biocoal from waste wood, MT is making significant progress in lowering Show less Read more
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