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Stock impact report

LanzaTech Awarded $3 Million from U.S. Department of Energy to Advance Conversion of Waste CO2 into Valuable Chemicals

LanzaTech Global, Inc. (LNZA) 
Company Research Source: GlobeNewswire
CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, has been awarded $3 million by the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM), as part of a broader $29 million investment program to advance its carbon management priorities. LanzaTech’s Project ADAPT (“Accelerating Decarbonization via Advanced Production Technologies”) was selected to address FECM’s priority of converting carbon dioxide (CO2) into environmentally responsible and economically valuable products. LanzaTech’s Project ADAPT builds upon the Company’s existing capabilities of using CO2 as a feedstock to produce isopropanol at a pilot scale and aims to advance the process and platform with the following key focus areas: Versatility in Feedstock Use: Enhancing the platform's ability to process a range Show less Read more
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