LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the carbon
recycling company, has been awarded a contract by Jakson Green, a
new energy transition platform, to provide their 4G ethanol
technology to India’s largest power generation utility company,
NTPC Limited. NTPC’s facility in Central India will use LanzaTech’s
technology platform and second generation bioreactor to convert CO2
emissions and green H2 into ethanol.
LanzaTech deploys its biorecycling solution at industrial
facilities, capturing carbon-rich gases at the source before they
are emitted into the atmosphere. Inside the bioreactor, LanzaTech’s
technology works like a brewery, but instead of using yeast to
convert sugar into beer, proprietary microbes convert carbon-rich
gases into sustainable fuels, chemicals, and raw materials. Focused
on continuous improvement, LanzaTech’s second generation bioreactor
is able to intake CO2 and H2 to produce ethanol, a key building
block for the production of consumer goods and sustainable fuels,
including sustainable aviation fuel and renewable diesel.
Recognized as an abundant waste feedstock for the circular
carbon economy, CO2 when used as the sole carbon source in carbon
capture and utilization (CCU) technologies requires the input of
H2. LanzaTech has proven its technology’s use of CO2 in a refinery
setting with IndianOil Corporation, and this project with NTPC
represents an expansion into the power generation industry with a
feedstock stream where CO2 is the only carbon source. NTPC’s new
carbon recycling facility is designed to showcase LanzaTech’s
technology readiness for supporting regions advancing the energy
transition and in turn, could enable the localized production of
sustainable fuels, chemicals and raw materials from waste.
The plant has been conceptualized and designed by LanzaTech and
NETRA (NTPC Energy Technology Research Alliance), the research and
development arm of NTPC Ltd. Jakson Green is leveraging its
engineering prowess to lead the development of this groundbreaking
project in Chhattisgarh, India. Their expertise spans the entire
project lifecycle, from design, engineering and procurement to
construction. This first-of-its-kind plant is projected to have an
annual CO2 abatement capacity of 7,300 ton, the equivalent of
carbon sequestered annually by 8,523 acres of forest land. The
plant is expected to begin operations within two years.
“Our partnership with Jakson Green for this NTPC project expands
our footprint in India while creating a roadmap for commercial
deployment of CO2 as a key feedstock,” said Dr. Jennifer Holmgren,
LanzaTech’s CEO and member of the US-India Strategic Partnership
Forum’s (USISPF)’s Board of Directors. “Waste-based feedstocks can
support Prime Minister Modi’s Make in India initiative by boosting
the regional domestic manufacture of essential goods and materials.
What’s better for the environment can also be better for
business.”
Mr. Kannan Krishnan, Joint Managing Director, Jakson Green said,
“This collaboration on NTPC's pioneering project signifies a
watershed moment in India's clean energy journey. Leveraging our
proven expertise in Power-to-X projects, we're bringing these
cutting-edge technologies to the forefront. This innovative pairing
creates a transformative pathway to sustainable 4G ethanol
production. Our leadership in this space positions us to
significantly support LanzaTech's mission, to revolutionize clean
energy solutions in India, paving the way for a future fueled by
sustainable resources.”
From developing India's largest green hydrogen fueling station
to pioneering a low-carbon methanol plant for leading PSUs (Public
Sector Undertakings), Jakson Green boasts a diverse portfolio in
the green molecule space. This project marks their sixth marquee
Power-to-X initiative within just 18 months, solidifying their
position as a leader in India's clean energy transition. With over
8,500 tons per annum (TPA) of green hydrogen and its derivatives
under execution across these projects, Jakson Green is uniquely
equipped to drive India towards a sustainable future.
In India, LanzaTech’s carbon recycling technology is already
producing ethanol using refinery emissions from Indian Oil
Corporation’s Panipat facility, one of six plants using LanzaTech’s
technology at commercial scale worldwide. LanzaTech announced last
year a strategic partnership with GAIL to explore innovative
technology solutions that advance GAIL’s Net Zero 2040 goals.
LanzaTech is also working with Mangalore Refinery and
Petrochemicals Limited on a project to manufacture ethanol from
agricultural residue, in addition to numerous other projects in
earlier stages of development across multiple feedstocks.
About LanzaTech
LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling
company transforming waste carbon into sustainable fuels,
chemicals, and materials. Using its biorecycling technology,
LanzaTech captures carbon generated by energy-intensive industries
at the source, preventing it from being emitted into the air.
LanzaTech then gives that captured carbon a new life as a clean
replacement for virgin fossil carbon in everything from household
cleaners and clothing fibers to packaging and fuels. By partnering
with companies across the global supply chain like ArcelorMittal,
Zara, H&M Move, Coty, and On, LanzaTech is paving the way for a
circular carbon economy. For more information about LanzaTech,
visit https://lanzatech.com.
Forward-Looking StatementsThis press release
includes forward-looking statements regarding LanzaTech based on
the beliefs and assumptions of its management. These statements may
be preceded by, followed by or include the words “believes,”
“estimates,” “expects,” “projects,” “forecasts,” “may,” “will,”
“should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends”
or similar expressions. Although LanzaTech believes that its plans,
intentions, and expectations reflected in or suggested by these
forward-looking statements are reasonable, LanzaTech cannot assure
you that it will achieve or realize these plans, intentions, or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties, and assumptions, including those identified
in its public filings. You should not put undue reliance on these
statements, which speak only as of the date hereof. LanzaTech
undertakes no obligations to update or revise publicly any
forward-looking statements, whether because of new information,
future events or otherwise, except as required by law.
Contacts:
LanzaTechMedia ContactKit
McDonnellDirector of Communicationspress@lanzatech.com
Investor Relations ContactKate WalshVP,
Investor Relations & TaxInvestor.Relations@lanzatech.com
About Jakson Green Jakson Green, headquartered
in Noida, India with an international headquarters in Dubai, UAE,
is a new energy transition platform backed by the Jakson Group, a
leading infrastructure and renewable energy company. Jakson Green
focuses on EPC, IPP, IHP, and O&M of new energy assets across a
wide range of technologies. With a growing presence in India,
Europe, MENA, CIS, and Africa, Jakson Green provides impactful
solutions for the global energy transition.
Led by Bikesh Ogra, a renewable energy sector veteran with over
15GW of experience across 26 countries, Jakson Green has built a
strong global presence in a short period since its inception. As
part of its vision to be a leading player in the power-to-X sector,
Jakson Green has recently established an electrolyser manufacturing
unit to support its global green hydrogen projects. The company
aims to achieve a cumulative production capacity of over 0.5
million metric tons per annum of green molecules by 2030. For more
info, visit www.jakson-green.com.
Media Contact:
Surbhi ShuklaCorporate Communications Jakson Green Private
Limitedsurbhi.shukla@jakson.com
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