LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the
“Company”), the carbon recycling company transforming waste carbon
into sustainable fuels, chemicals, materials, and protein, today
announced its plans to expand its biorefining platform capabilities
to include operations that produce LanzaTech Nutritional Protein
(“LNP”) as the primary product. LNP is a microbial protein that is
a nutrient-rich alternative to plant and animal-based proteins. By
using a new microbe in its proprietary gas fermentation process,
LanzaTech’s biorefining platform can produce a cost-competitive
protein solution that supports a resilient food supply chain. LNP
production has the capability to address food security issues and
be produced anywhere in the world, independent of weather extremes.
Notably, the production of LNP uses a fraction of the land and
water resources that traditional protein sources require.
With the development of LNP production facilities, LanzaTech
will gain access to the large and growing alternative protein
markets, diversifying its customer base, expanding its sources of
revenue, and optimizing the value creation driven by its existing,
proven platform.
“Building on the expertise of our commercially operating core
gas fermentation process, LNP represents a natural expansion of our
business,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “By
coupling a new microbial production strain with our existing
bioreactor technology, and our years of operating experience, we
have developed a path to mass produce protein from CO2. For two
years, we’ve operated a pilot facility to prepare for
commercialization, and in the process, we’ve partnered with leading
brands and food testing organizations for rigorous analysis and
prototyping of nutrition applications. We have now progressed into
the engineering design phase for a 0.5 to 1.5 ton per day facility,
expected to be operational in 2026, and have developed a roadmap to
commercial-scale production in 2028.”
By 2050, the world population is projected to reach 10 billion
people, which means an additional 250 million metric tons (“MT”) of
protein will be required annually. LanzaTech is extending the power
of its gas fermentation platform—which can already produce
commercial scale volumes of essential ethanol for apparel,
packaging, surfactants, and sustainable aviation fuel—to produce
large quantities of protein without straining land and water
resources or impacting biodiversity. LNP has a complete amino acid
profile and no allergenicity.
LanzaTech has nearly two decades of experience biorefining
carbon-rich feedstocks to produce ethanol as the primary product
and protein as a co-product. Leveraging this experience, LanzaTech
has developed a solution using CO2 that produces LNP as the primary
product. As a leader in gas fermentation, LanzaTech is well
positioned to access the $1 trillion and growing alternative
protein markets with a cost-competitive product that leverages
LanzaTech’s proprietary biorefining platform and that utilizes
similar feedstocks to LanzaTech’s current operations.
LanzaTech is evaluating potential sites, in collaboration with
several partners, for the first pre commercial facilities, planned
to be operational in 2026. These facilities are expected to produce
between 0.5 to 1.5 tons of LNP per day, and given the high protein
content of LNP, 0.5 tons per day of LNP is roughly the equivalent
of giving a typical complete daily intake of protein to
approximately 9,000 people.
Commercial facilities are being designed to produce more than
30,000 MT per annum, or greater than 80 MT per day, with the first
of these facilities expected to be operational during
2028.
LanzaTech is in the process of completing trials and testing in
animal feed and pet food, and is underway with completing the U.S.
Food and Drug Administration’s Generally Recognized as Safe
(“GRAS”) certification process for LNP’s use in human nutrition
formulations.
The Center for Aquaculture Technologies has successfully tested
LNP for fish feed applications and human food and beverage
innovation firm Mattson completed thorough protein
characterization and food prototyping for dish concepts such as
smoothies, dairy-free cheese, and bread.
LanzaTech has also partnered with the U.S. Navy Research Lab on
a joint research and contract development project jointly funded by
the Office of the Under Secretary of Defense for Research and
Engineering, the Office of Naval Research, and the U.S. Naval
Research Laboratory to evaluate the viability of creating
nutritional proteins on military platforms.
“We are excited to collaborate with LanzaTech on this
groundbreaking extension of their carbon recycling platform.
Together we are exploring the biomanufacturing potential of a
nutritional protein product made from CO2 extracted from seawater,”
said Dr. Matthew Yates, Research Biologist at the U.S. Naval
Research Laboratory. “Integrating LanzaTech's state of the art gas
fermentation technology with the U.S. Naval Research Laboratory’s
Seawater Carbon Capture Process presents a valuable opportunity to
develop a unique capability to meet the nutritional needs of
soldiers and sailors across the Joint Forces while simultaneously
enhancing the resilience of military operations in an evolving
geopolitical landscape.”
For more information on LanzaTech and LNP please visit
https://lanzatech.com.
About LanzaTech
LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling
company transforming waste carbon into sustainable fuels,
chemicals, materials, and protein for everyday products. 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, On, and
LanzaJet, LanzaTech is paving the way for a circular carbon
economy. For more information about LanzaTech, visit
https://lanzatech.com.
Forward Looking Statements
This press release includes forward-looking statements
regarding, among other things, the plans, strategies, and
prospects, both business and financial, of LanzaTech. These
statements are based on the beliefs, assumptions, projections and
conclusions of LanzaTech’s management. Forward-looking statements
are inherently subject to risks, uncertainties and assumptions,
many of which are outside LanzaTech’s control, that could cause
actual results or outcomes to differ materially from those
discussed in the forward-looking statements. LanzaTech cannot
assure you that it will achieve or realize these plans, intentions
or expectations. Forward-looking statements are not guarantees of
future performance, conditions or results, and you should not rely
on forward-looking statements.
Generally, statements that are not historical facts, including
those concerning possible or assumed future actions, business
strategies, events or results of operations, are forward-looking
statements. 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.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the
following:
- Our ability to scale and develop the LNP business to the
maturity and levels of efficiency required to realize returns, or
to receive the required government and regulatory approvals for the
marketing and sale of LNP;
- Timing delays in the advancement of projects to the final
investment decision stage or into construction;
- Failure by customers to adopt new technologies and
platforms;
- Fluctuations in the availability and cost of feedstocks and
other process inputs; • The availability and continuation of
government funding and support;
- Broader economic conditions, including inflation, interest
rates, supply chain disruptions, employment conditions, and
competitive pressures;
- Unforeseen technical, regulatory, or commercial challenges in
scaling proprietary technologies, business functions or operational
disruptions; and
- Other economic, business, or competitive factors, and other
risks and uncertainties, including the risk factors and other
information contained in LanzaTech’s most recent Annual Report on
Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as
well as other existing and future filings with the U.S. Securities
and Exchange Commission.
Any forward-looking statement herein is based only on
information currently available to LanzaTech and speaks only as of
the date on which it is made. LanzaTech undertakes no obligations
to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
LanzaTech Global, Inc.Investor RelationsKate
WalshVP, Investor Relations &
TaxInvestor.Relations@lanzatech.com
Media RelationsKit McDonnellDirector of
Communicationspress@lanzatech.com
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