LanzaTech Global ($LNZA) Partnership Brings Revolutionary Carbon Capture Technology to Oil Industry
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May 10, 2023 – TheNewswire - LanzaTech Global (NASDAQ: LNZA), an innovative carbon capture company that converts waste carbon into materials such as sustainable fuels and fabrics, has joined forces with ADNOC to pioneer groundbreaking technology solutions aimed at reducing the carbon footprint of the oil industry while simultaneously producing sustainable fuels and chemicals.
LanzaTech's carbon capture technology is centered around a revolutionary concept—using specially engineered bacteria to consume carbon-rich waste streams from various sources, including oil, gas, and manufacturing facilities. By harnessing the power of these bacteria, LanzaTech is able to convert the waste carbon into valuable CarbonSmart™ chemical intermediates.
The goal of this partnership is to accelerate progress towards a circular economy and achieve net-zero energy sourcing. By leveraging waste gasses, including carbon monoxide, hydrogen, and carbon dioxide, the partnership envisions the production of carbon-negative acetone and isopropanol.
Jennifer Holmgren, LanzaTech’s CEO stated: “We’re energized by this partnership’s ability to help decarbonize one of the largest energy providers in the world, enabling them to showcase this real-world application to peers in the industry.”
Headquartered in Illinois, LanzaTech’s goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy where carbon is reused rather than wasted.
Shares of LanzaTech Global trade on the NASDAQ under the ticker symbol LNZA. For more information visit www.greenstocknews.com
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