Harsco and LanzaTech Sign Strategic Alliance to Advance the Production of Clean Energy From Steel Mill Gases
August 15 2011 - 1:46PM
Worldwide industrial solutions company Harsco Corporation
(NYSE:HSC) and clean energy technology company LanzaTech today
jointly announced the signing of a strategic alliance to promote
the capture and reuse of steel mill flue gases as an
environmentally significant and beneficial source of reliable
energy.
The agreement, signed today at Harsco's world headquarters, taps
into Harsco's global leadership serving the worldwide steel
industry, in combination with LanzaTech's proprietary bioenergy
technologies for reducing the carbon footprint of integrated
steelmaking operations. Together, the two companies will jointly
develop plans to present the LanzaTech biotechnology to Harsco's
major steel mill customers and explore potential business
relationships for installing and operating commercial facilities at
selected sites throughout the world.
Founded in 2005, LanzaTech is the first company to successfully
demonstrate production of fuel-grade ethanol from steel mill
gases. Its proprietary biotechnologies convert the waste gases
emitted by blast furnace, coke oven and BOF operations into low
cost, zero carbon ethanol, thereby significantly reducing
greenhouse gas emissions while also providing a commercially
scalable alternative to traditional ethanol production and its
heavy reliance on agricultural food crops. The agreement with
Harsco will now accelerate the introduction of this technology to
steelmaking customers throughout the Americas, Europe and selected
emerging markets.
"The conversion of industrial waste streams into beneficial
'green' resources has long been a Harsco mainstay," said Harsco
Chairman, President and CEO Salvatore Fazzolari. "With
LanzaTech, we now add another dimension to our ability to bring
innovation to our customers and at the same time, help build a more
sustainable environment."
Added LanzaTech CEO Dr. Jennifer Holmgren, "Harsco's commitment
to minimizing the environmental impact of metal production
processes is in line with the unique technology LanzaTech has
developed. As heavy industries worldwide face an increasingly
stringent regulatory climate, our relationships with committed
partners such as Harsco respond to these challenges with
technology-based solutions for a cleaner environment that also
enable continued growth."
About LanzaTech
Founded in New Zealand in 2005, LanzaTech has developed a novel
gas-liquid fermentation process that produces fuel grade ethanol
and key chemical building blocks used to make polymers, plastics
and hydrocarbon fuels. With agreements now in place across a
variety of sectors internationally, including steel, coal, refining
and chemicals, LanzaTech's technology is being scaled rapidly to
commercial production. For more information go to
www.lanzatech.com.
About Harsco
Harsco Corporation is a global solutions company serving major
industries fundamental to worldwide infrastructure development and
economic growth, including steel and metals, construction, railways
and energy. Harsco's common stock is a component of the
S&P MidCap 400 Index and the Russell 1000 Index. Additional
information can be found at www.harsco.com.
The Harsco Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=361
CONTACT: Investor Contact
Eugene M. Truett
717.975.5677
etruett@harsco.com
Media Contact
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
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