LanzaTech Global, Inc. (Nasdaq: LNZA), an innovative carbon capture
and transformation (“CCT”) company that converts waste carbon into
materials such as sustainable fuels, fabrics, packaging, and other
products that people use in their daily lives, and Plastipak
Packaging, Inc. (“Plastipak”), a global leader in the design,
manufacture, and recycling of plastic containers, announce they
have successfully produced PPKNatura, the world’s first
polyethylene terephthalate (PET) resin made from captured carbon
emissions. The resin is suitable for food, personal care, and
pharmaceutical packaging, as well as other non-packaging
applications.
PET is a polymer that
is molded into plastic bottles and containers for packaging foods
and beverages, personal care products, and many other consumer
goods. PET resin comprises 30% monoethylene glycol (MEG)
traditionally derived from petroleum. PPKNatura leverages
CarbonSmart™ MEG from LanzaTech’s CCT process. It retains the
technical properties of virgin fossil PET while carrying a lower
carbon footprint. Thus, PPKNatura can be a used for traditional
food and pharmaceutical grade packaging and other sensitive
applications such as hot-fill, refillables, and applications where
a low crystallinity is required. Non-packaging PET applications can
also take advantage of this ground-breaking resin.
PPKNatura resin
reduces greenhouse gas emissions, and its production process does
not require land or food resources. In addition, packaging made out
of this material can be fully recycled at the end of its life,
keeping the carbon in a circular material cycle.
Leading Swiss retailer
Migros and its subsidiary Mibelle Group were the first to use this
PET in in-house brand packaging, including in creating PET bottles
for smoothies and the containers of household cleaners that also
contained LanzaTech ethanol as a key ingredient.
“LanzaTech’s
commercial technology is designed to enable our partners in diverse
industries to reduce their carbon footprint and overall
environmental impact,” said Jennifer Holmgren, Chief Executive
Officer of LanzaTech. “Our partnership with Plastipak is critical
to demonstrating what is possible today. Today we are producing
food- and pharmaceutical-grade packaging and are well on our way to
creating a more sustainable future for all.”
LanzaTech’s CCT
technology works like a brewery in which proprietary bacteria
consume pollution and convert it into CarbonSmart chemicals. Those
chemicals are then turned into products ranging from clothing and
laundry detergent to sustainable aviation fuel. Using a variety of
waste feedstocks, LanzaTech’s technology platform is creating a
future where consumers are not dependent on virgin fossil inputs
for everything in their daily lives.
“We are delighted to partner with LanzaTech to
achieve early progress in our ambition to produce PET with lower
environmental impacts. The use of CarbonSmart MEG is a first and
important milestone in our journey toward this goal, and combined
with use of renewable electricity in the production process, has
contributed to significant progress in indicators such as carbon
reduction and use of fossil resources. PPKNatura resin is one
element of Plastipak’s ESG program, which among other initiatives,
targets the extension of our product circularity with the intent of
supporting customers in reducing their Scope 3 emissions. We look
forward to a long and mutually beneficial partnership with
LanzaTech as we work together to achieve our long-term goals,” said
Pedro Martins, Executive Managing Director Europe of Plastipak.
“The use of fossil fuels must be avoided. Where
this is not possible, it makes sense to include greenhouse gases in
products so that the gases do not contribute to global warming and
climate change,” says Christoph Meili, a specialist in life cycle
assessments at WWF Switzerland.
About Plastipak Packaging,
Inc.
Plastipak Packaging, Inc., a wholly-owned
subsidiary of Plastipak Holdings, Inc., is a world leader in the
design and manufacture of high-quality, rigid plastic containers
for the food, beverage, and consumer products industries. Plastipak
is also a leading recycler of rigid plastic packaging, producing
food-grade post-consumer recycled resin for inclusion in new
packaging. Plastipak operates more than 40 sites in the United
States, South America and Europe, with a total of over 6,500
employees. Its customers include some of the world’s most respected
and recognized consumer brands. Plastipak is also a leading
innovator in the packaging industry, holding more than 420 United
States patents for its state-of-the-art package designs and
manufacturing processes. In addition, Plastipak licenses various
packaging technologies around the world. Plastipak was founded in
1967 and is headquartered in Plymouth, Michigan. Additional
information about Plastipak can be found at its website
www.plastipak.com
Statements in this press release concerning
Plastipak’s intentions, expectations or predictions about future
results or events are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements reflect management’s current expectations or
beliefs, and are subject to risks and uncertainties that could
cause actual results or events to vary from stated expectations,
which variations could be material and adverse. Forward-looking
statements speak only as of the time made, and the Company assumes
no obligation to publicly update any such statements.
About LanzaTech
Headquartered in Skokie, IL, LanzaTech Global,
Inc. (Nasdaq: LNZA) captures waste carbon and transforms it into
materials such as sustainable fuels, fabrics, packaging, and other
products. Using a variety of waste feedstocks, LanzaTech’s
technology platform is contributing to a future where consumers are
not dependent on virgin fossil feedstocks for everything in their
daily lives. 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, skies and oceans are kept
clean, and pollution becomes a thing of the past. For more
information about LanzaTech visit https://lanzatech.com.
Forward-Looking Statements
This press release includes forward-looking
statements regarding LanzaTech based on the beliefs and assumptions
of its management. 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. 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:Media Contact -
LanzaTechKit McDonnell, Director of
CommunicationsKit.McDonnell@lanzatech.com
Investor Relations Contact - LanzaTechOmar
El-SharkawyDirector, Corporate
DevelopmentLanzatechIR@icrinc.com
Business Development Europe – PlastipakFilip
PetrovicBusiness Development Manager
Europefpetrovic@plastipak.eu
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