LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the
carbon recycling company transforming above-ground carbon into
sustainable fuels, chemicals, materials, and proteins, today
announced plans to develop a commercial-scale Carbon Capture and
Utilization (“CCU”) facility (the “facility”, “plant”, or
“project”) at Herøya Industrial Park in Porsgrunn, Norway. The
plant will produce ethanol and is expected to begin operations in
2028. Eramet will supply furnace gas as feedstock to the facility
from the Porsgrunn Manganese Alloys smelter but will not
participate in its financing.
To unlock further emissions reductions, the two
companies also intend to build upon the CCU infrastructure and, if
demonstrated to be feasible, integrate Carbon Capture and Storage
(“CCS”) technology as part of a second phase of the project. The
integration of LanzaTech’s CCU technology with CCS, two
commercially proven carbon management solutions, is expected to
establish a first-of-a-kind, integrated facility that drives
leading-edge carbon abatement metrics.
The new plant at Herøya will complement the six
other commercial scale plants already using LanzaTech’s carbon
recycling technology to produce ethanol and the first for which
LanzaTech will manage the full scope of project design,
construction, and operations. The project’s Front-end Engineering
Design (FEED) phase was completed with global engineering firm
Fluor Corporation, which brings deep experience and expertise
across the project scope and has partnered with LanzaTech in
creating a baseline plant design that can be replicated for
projects around the world. The project is also being supported by
Sweco Group, which brings best-in-class sustainability expertise
and design acumen. From a project financing standpoint, LanzaTech’s
infrastructure investment partner Brookfield Asset Management will
have right of first refusal for financing and owning the project,
with a Final Investment Decision (FID) expected within the next six
months.
LanzaTech’s proprietary technology is a
fermentation process that biologically converts carbon-rich gases
into sustainable raw materials, such as ethanol, for use in
clothing, personal care products, packaging, fuel, and more. The
facility’s maximum production capacity is expected to be 24
kilotons per annum of fuel-grade ethanol. Demand markets for this
ethanol are wide ranging and include chemicals and sustainable
aviation fuel. Given LanzaTech’s growing ethanol product sales
business, the company intends to market the produced ethanol
through its existing and emerging sales channels.
Eramet Norway’s Porsgrunn smelter has two closed
furnaces producing manganese alloys. Manganese smelting falls into
the category of hard-to-abate, as carbon is necessary for the
chemical reduction of manganese ore. Eramet Group, headquartered in
France, is engaged in an ambitious decarbonization pathway, with a
target of a 40% reduction of its scope 1 & 2 emissions by 2035
set by the company’s “Act for positive mining” CSR roadmap. CCUS
has been identified by Eramet as a major lever of decarbonization
for its metallurgical assets. Since metallurgy represents ~90% of
Eramet’s scope 1 & 2 emissions, this project makes an important
contribution to the validation of a path to Near Zero CO2-emission
Manganese Alloys.
The planned integration of LanzaTech’s CCU
process with CCS technology demonstrates the ability of LanzaTech’s
carbon recycling platform to partner with and enable other carbon
management technologies to further reduce carbon footprints.
Residual output from LanzaTech’s gas fermentation process at this
facility will take the form of highly concentrated CO2, suitable
for CCS, which reduces further operating and capital costs compared
to a standalone CCS project.
“We are thrilled to announce plans for Norway’s
first commercial carbon recycling facility using LanzaTech’s
technology,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “Carbon
is an incredibly important resource that requires a wide range of
solutions to manage responsibly. By recycling above-ground carbon
with our CCU process, this groundbreaking project gets us another
step closer to realizing an enduring global circular carbon
economy.”
The facility in Porsgrunn would allow the Eramet
Norway Porsgrunn smelter to achieve a significant reduction in its
CO2 emissions. The potential inclusion of CCS in the project is
pending results of a feasibility study and financing, though the
companies remain optimistic about its implementation as further
support of Norway’s position as a frontrunner in the deployment of
CCUS.
In addition to CO2 emissions reductions, the
LanzaTech-Eramet collaboration will positively impact the local
community by creating new jobs in the thriving industrial region of
Grenland, and furthers the municipality’s reputation for
technological innovation.
Geoff Streeton, Chief Development Officer, in
charge of strategy, innovation and business development at Eramet,
stated (to be quoted for the global version), ‘Eramet is pleased to
be collaborating with LanzaTech on this first-of-its-kind
decarbonization project of our manganese smelters. Firstly, to
ensure optimal circular value creation in the use our energy-rich
furnace gas. Secondly, this creates an attractive option to further
liquefy and ultimately sequester the remaining CO2 streams. On a
combined basis these CCU & CCS projects at Porsgrunn could
bring a reduction of the company’s CO2 emissions by ~200 kt of
Eramet’s Scope 1 & 2 emissions. This project brings Eramet
closer towards its target of producing and offering a Zero CO2
manganese alloy product for the benefit of decarbonizing the value
chain of steel.’
About LanzaTechLanzaTech
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.
About Eramet Eramet transforms
the Earth’s mineral resources to provide sustainable and
responsible solutions to the growth of the industry and to the
challenges of the energy transition. Its employees are committed to
this through their civic and contributory approach in all the
countries where the mining and metallurgical group is present.
Manganese, nickel, mineral sands, and lithium: Eramet recovers and
develops metals that are essential to the construction of a more
sustainable world. As a privileged partner of its industrial
clients, the Group contributes to making robust and resistant
infrastructures and constructions, more efficient means of
mobility, safer health tools and more efficient telecommunications
devices. Fully committed to the era of metals, Eramet’s ambition is
to become a reference for the responsible transformation of the
Earth’s mineral resources for living well
together.www.eramet.com
Eramet NorwayOperating
manganese smelters in Porsgrunn, Sauda and Kvinesdal, Eramet Norway
AS is fully owned by the French mining and metallurgical group
Eramet SA and part of the Group's manganese alloy business unit.
Eramet Norway AS has a world leading market position on refined
manganese alloys with one of the industry’s lowest carbon
footprints, and is ambitiously pursuing the ultimate target of
producing Zero CO2 manganese alloys for the benefit of
decarbonizing the value chain of steel.www.eramet.no
Forward Looking StatementsThis
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: (a) timing delays in the advancement of projects to the
final investment decision stage or into construction; (b) failure
by customers to adopt new technologies and platforms; (c)
fluctuations in the availability and cost of feedstocks and other
process inputs; (d) the availability and continuation of government
funding and support; (e) broader economic conditions, including
inflation, interest rates, supply chain disruptions, employment
conditions, and competitive pressures; (f) unforeseen technical,
regulatory, or commercial challenges in scaling proprietary
technologies, business functions or operational disruptions; and
(g) 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.
Media contact
LanzaTech:LanzaTech Global, Inc. Investor
Relations Kate Walsh VP, Investor Relations & Tax
Investor.Relations@lanzatech.com
Media Relations Kit McDonnell Director of
Communications press@lanzatech.com
Media contact Eramet:Fanny
MounierMedia Managerfanny.mounier@eramet.com+33 145383732
Media contact Eramet Norway:Kåre
Bjarte BjellandDirector Public
Affairskare.bjarte.bjelland@eramet.com+47 91636493
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