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Stock impact report

LanzaTech Signs Master License Agreement with SEKISUI to Develop Multiple Commercial Scale Waste-to-Ethanol Plants Across Japan

LanzaTech Global, Inc. (LNZA) 
Company Research Source: GlobeNewswire
CHICAGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (LanzaTech), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, has signed a Master License Agreement (the “Agreement”) with SEKISUI CHEMICAL CO., LTD. (TSE: 4204) (SEKISUI) to deploy, at commercial scale, a jointly developed platform that converts syngas derived from municipal solid waste (“MSW”) and industrial solid waste into ethanol. SEKISUI intends to build multiple facilities in municipalities across Japan which incorporate equipment packages, engineering and advisory services, consumables, and intellectual property provided by LanzaTech. SEKISUI expects its first commercial-scale facility to produce 10 to 12 kilotons of ethanol annually. The ethanol output is synthetic alcohol (Japan Alcohol Association Standard (“JAAS”)) and can be converted into ethylene and kerosene for use as Sustainable Aviation Fuel (“SAF”) as well as widespread materi Show less Read more
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