GAIL, LanzaTech Enter Strategic Partnership to Explore Biorecycling Carbon Waste into Fuels and Chemicals
July 19 2023 - 8:00AM
GAIL (India) Limited, India’s largest natural gas company and
LanzaTech Global, Inc., (Nasdaq: LNZA)—an innovative carbon capture
and utilization (“CCU”) company that converts waste carbon into
products that people use in their daily lives—have entered a
partnership to explore innovative technology solutions that advance
GAIL’s Net Zero 2040 goals and have the potential to support wider
decarbonization applications globally.
GAIL and LanzaTech will explore setting up a
pilot scale CO2 capture and conversion project that has the
potential to be a role model for converting CO2 into useful
materials instead of emitting it to the atmosphere. Combining
LanzaTech’s carbon capture and utilization technology with GAIL’s
renewable H2 and CO2 gas streams, the project will enable resource
utilization where the building blocks of everyday consumer goods,
from fuels to packaging and clothing, can be made from biorecycled
material instead of virgin fossil fuel.
"The possibilities coming out of this
collaboration with LanzaTech are very promising and significant to
improving our carbon footprint,” said Sandeep Kumar Gupta, Chairman
and Managing Director of GAIL. “Using LanzaTech's cutting-edge
technology will enhance our environmental stewardship and open up
new avenues for driving sustainability across our operations.”
"Waste CO2 can be used to make the things we
need,” said Dr. Jennifer Holmgren, LanzaTech’s CEO and Board Member
of the US-India Strategic Partnership. “By combining LanzaTech's
expertise in carbon recycling with GAIL's commitment to reducing
emissions and implementing renewable projects, this project has the
potential to turn CO2 from an environmental liability to a value
added product. CO2 can be the raw material of the future, enabling
fossil carbon to stay underground. We look forward to launching our
collaboration with GAIL to make this vision a reality.”
LanzaTech’s biorecycling technology works like a
brewery: proprietary bacteria consume carbon-rich pollution from
industrial facilities and convert it into CarbonSmart™ chemicals to
create rubber, plastics, synthetic fibers, and fuels. These
materials form the building blocks for consumer products such as
clothing, laundry detergent, and sustainable aviation fuel (“SAF”).
LanzaTech’s technology platform is designing a future where
consumers can continue using indispensable products they use every
day without depending on materials derived from virgin fossil
fuels.
Through this collaboration, GAIL and LanzaTech
aim to set new benchmarks in carbon utilization, providing a
compelling model for utilization of CO2 gas streams that would
otherwise be emitted as greenhouse gases. The partnership between
GAIL and LanzaTech Global Inc. is a milestone achievement in GAIL’s
broader energy transition to reach Net Zero and their pursuit of
sustainable development.
About GAILHeadquartered at New
Delhi, India, GAIL is India’s largest natural gas company with
diversified interests across the natural gas value chain of
trading, transmission, LPG production & transmission, LNG
re-gasification, petrochemicals, city gas, E&P, etc. It owns
and operates a network of around 15,400 km of natural gas pipelines
spread across the length and breadth of country. It is also working
concurrently on execution of multiple pipeline projects to further
enhance the spread. GAIL commands around 70% market share in gas
transmission and has a Gas trading share of over 50% in India. GAIL
and its Subsidiaries / JVs also have a formidable market share in
City Gas Distribution. In the Liquefied Natural Gas (LNG) market,
GAIL has significantly large portfolio. GAIL is also expanding its
presence in renewable energy like Solar, Wind and Biofuel.
About LanzaTechHeadquartered 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 highlights 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 on LanzaTech visit www.lanzatech.com.
Forward-Looking StatementsThis
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 Communicationspress@lanzatech.com
Investor Relations Contact - LanzaTechOmar
El-Sharkawy VP, Corporate Development LanzatechIR@icrinc.com
Media Contact - GAIL (India) Ltd.Jyoti
KumarGeneral Manager (Corporate Communication)jyotik@gail.co.in
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