LanzaTech Global, Inc. (NASDAQ: LNZA) (LanzaTech), the carbon
recycling company transforming waste carbon into sustainable fuels,
chemicals, and materials, has signed a Master License Agreement
(the “Agreement”) with SEKISUI CHEMICAL CO., LTD. (TSE: 4204)
(SEKISUI) to deploy, at commercial scale, a jointly developed
platform that converts syngas derived from municipal solid waste
(“MSW”) and industrial solid waste into ethanol. SEKISUI intends to
build multiple facilities in municipalities across Japan which
incorporate equipment packages, engineering and advisory services,
consumables, and intellectual property provided by LanzaTech.
SEKISUI expects its first commercial-scale facility to produce
10 to 12 kilotons of ethanol annually. The ethanol output is
synthetic alcohol (Japan Alcohol Association Standard (“JAAS”)) and
can be converted into ethylene and kerosene for use as Sustainable
Aviation Fuel (“SAF”) as well as widespread material and chemical
applications such as apparel, personal care, and packaging.
This latest agreement between LanzaTech and SEKISUI progresses a
decade-long collaboration to divert garbage from landfills and
incinerators and use it to generate feedstocks that would otherwise
come from fossil resources or food crops. The Agreement follows the
success of a 2017 pilot plant in Yorii-machi, Saitama, Japan, and
the 2022 completion of an MSW-to-ethanol demonstration plant in
Kuji City, Iwate, Japan, which has the capacity to produce
approximately 400 tons of ethanol per annum.
“We are pleased to expand our collaboration with longstanding
partner LanzaTech, whose waste-to-ethanol technology is converting
municipal solid waste into a valuable resource and providing an
innovative solution to ending our reliance on fresh fossil fuels,”
said Futoshi Kamiwaki, SEKISUI Representative Director, Senior
Managing Executive Officer. “Signing this Agreement is an important
next step on our path to commercializing this game-changing
technology and realizing SEKISUI’s vision of a more
sustainable, low-carbon society for future generations.”
“With this Agreement, we are progressing our vision for a
circular carbon economy. Our continued collaboration with SEKISUI
is setting the groundwork for providing municipalities with a
platform that reduces waste, captures carbon, generates valuable
sustainable feedstocks, and importantly, creates local jobs,” said
LanzaTech CEO Dr. Jennifer Holmgren. “We are grateful to SEKISUI
for their commitment to scaling carbon recycling across Japan and
for being at the forefront of developing a global blueprint for
other countries and businesses to follow on how to access and
utilize the carbon locked in local garbage.”
Around 56 million tons of combustible waste is generated in
Japan each year, and municipal and industrial trash are both
massive and accelerating global challenges: the World Bank
estimates that by 2050, humans will be generating 3.88 billion tons
of waste each year, a 73% increase from 2020. Normally, combustible
waste is either sent to landfills—emitting methane, a greenhouse
gas 23 times more potent than carbon dioxide—or incinerated for
power generation, with the embedded carbon emitted into the
atmosphere.
With the application of this jointly developed biology-based
platform, SEKISUI can turn unsorted waste into a cost-competitive
replacement for fossil fuel-derived feedstocks. The bioprocessing
platform gasifies unsorted combustible waste accumulated at waste
disposal facilities and converts this gas into ethanol using a
microbial catalyst and gas fermentation technology that does not
require any chemical catalysts, heat, or pressure.
About LanzaTechLanzaTech Global, Inc. (NASDAQ:
LNZA) is the carbon recycling company transforming waste carbon
into sustainable fuels, chemicals, and materials 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 SEKISUI CHEMICAL GroupHeadquartered in
Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries
make up the SEKISUI CHEMICAL Group. Over 26,000 employees in 170
companies throughout 20 countries aim to contribute to improving
the lives of the people of the world and the earth’s environment.
Thanks to a history of innovation, dedication and a pioneering
spirit, SEKISUI CHEMICAL now holds leading positions in its three
diverse business divisions as well as top global market share in
interlayer film, foam products, conductive particles and more.
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:
- Timing delays in the advancement of
projects to the final investment decision stage or into
construction;
- Failure by customers to adopt new
technologies and platforms;
- Fluctuations in the availability and
cost of waste feedstocks and other process inputs;
- The availability and continuation of
government funding and support;
- Broader economic conditions,
including inflation, interest rates, supply chain disruptions,
employment conditions, and competitive pressures;
- Unforeseen technical, regulatory, or
commercial challenges in scaling proprietary technologies, business
functions or operational disruptions; and
- 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.
ContactsInvestor RelationsKate
WalshVP, Investor Relations &
TaxInvestor.Relations@lanzatech.com
Media RelationsKit McDonnellDirector of
Communicationspress@lanzatech.com
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