CHICAGO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon management company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, today announced the appointment of Reyad Fezzani, Chairman and CEO of Regenerate Power LLC, to its Board of Directors. With over 30 years of leadership in global energy markets and renewable energy innovation, Fezzani’s extensive experience in large-scale project development and oper ...

Announces intent to spin out and form a growth-oriented joint venture for LanzaX, the Company’s differentiated synthetic biology platform, with Tharsis Capital joining as new LanzaX strategic partner to accelerate financing for the synbio development pipeline Appoints new Interim Chief Financial Officer of LanzaTech to streamline biorefining platform growth priorities and heighten focus on cost reductions CHICAGO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or “the ...

CHICAGO, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Technip Energies (PARIS:TE) and LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”) announced that the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) has committed up to $200 million in federal funding and authorized the initiation of Phase 1 of their Sustainable Ethylene from CO2 Utilization with Renewable Energy Project (Project SECURE). Project SECURE, led by Technip Energies in partnership with LanzaTech, aims to provide an integra ...

Financial Data and Key Metrics - Q3 2024 revenue was $9.9 million, $7 million below target, primarily due to the delay in a LanzaJet sublicense event and lower-than-expected CarbonSmart revenue despite it more than doubling to $2.2 million [9][10] - Biorefining revenue was $5.9 million, similar to Q2 excluding the $7.9 million from the LanzaJet share consideration in Q2 [36] - CarbonSmart revenue increased to $2.2 million in Q3 from $0.9 million in Q2, driven by incremental direct fuel product sales [40] - Gross margin was 18% due to lower-margin CarbonSmart sales and the absence of high-margin revenue from another LanzaJet share issuance [43] - Adjusted EBITDA loss was $27.1 million, compared to a $19.1 million loss in Q3 2023, driven by lower revenues and higher project development expenses [45] - Cash position at the end of Q3 was $89.1 million, up from $75.8 million in Q2, due to cost control and a $40 million investment from Carbon Direct Capital [46][47] Business Line Performance - Biorefining revenue was $5.9 million, down $6.5 million YoY due to lower engineering services revenue compared to Q3 2023 [37] - Joint development and contract research revenue was $1.8 million, down $1 million sequentially due to the completion of government projects [38] - CarbonSmart revenue grew significantly to $2.2 million, driven by increased access to ethanol volumes and improved supply chain structure [40][41] Market Performance - Ethanol pricing in China was depressed, impacting CarbonSmart revenue despite increased access to volumes [10][41] - The global market for sustainable aviation fuel (SAF) produced from ethanol is growing, with projects underway in the UK, EU, India, Australia, and New Zealand [24] - The company signed a master licensing agreement with SEKISUI to develop waste-to-ethanol plants across Japan, expanding its global footprint [26] Strategic Direction and Industry Competition - The company is evolving its business model to develop and finance its own projects, gaining more control over timing and performance, and capturing greater upside [11][12] - Key projects include the Norway project with Brookfield Asset Management, the joint venture with Olayan Group in the Middle East, and Project Drake, a 30 million gallon per year ethanol-to-SAF project in the EU [13][14][15] - The company is expanding its platform capabilities, including the production of single-cell protein (LanzaTech Nutritional Protein) from CO2, targeting the $1 trillion alternative protein market [29][30] Management Commentary on Operating Environment and Future Outlook - Management highlighted the dynamic market environment and the need to accelerate commercial activities and reduce costs [10] - The company expects significant revenue potential from Project Drake, the Norway project, and Project SECURE in Q4, with a wide range of possible outcomes due to timing uncertainties [31][32][50] - Management is confident that the evolution of the business model will improve development timelines and enhance short-term and long-term economics [33][34] Other Important Information - The company announced a two-stage ethanol off-take agreement with ArcelorMittal, with potential annual revenue of $6 million in the short term and $10-20 million over five years [20][21] - The company is developing partnerships to aggregate demand for LanzaTech Nutritional Protein, targeting animal feed, pet food, and human nutrition markets [30] Q&A Session Summary Question: Revenue Components and Project Drake - The $5 million exclusivity fee for Project Drake is expected to be recognized as revenue in Q4 and is incremental to the $10 million base business [55][56] Question: Cost Savings Initiatives - Cost savings initiatives are overshadowed by project development expenses, but the company has reduced OpEx line items relative to budget [58][61] Question: Business Model Evolution and Infrastructure Partners - The company is partnering with infrastructure investors like Brookfield and Olayan to finance projects, retaining significant upside participation [63][64][65] Question: Norwegian Project and Revenue Recognition - The $20 million revenue from the Norway project is a catch-up for costs incurred and is expected to be recognized in Q4, with long-tail revenue potential [82][83] Question: Nutritional Protein Product - LanzaTech Nutritional Protein contains all 20 amino acids and is 85% protein, with potential applications in animal feed, pet food, and human nutrition [99][100][101] Question: Project SECURE and Ethylene Production - Project SECURE is progressing well, with a primary site identified, and the company is exploring opportunities to produce both ethylene and propylene from ethanol and isopropanol [107][108][109] Question: Freedom Pines SAF Plant - The Freedom Pines SAF plant has started FEED but is not yet producing SAF [112] Question: Impact of U.S. Elections on Business - The company is geographically diversified, with projects in Europe, the Middle East, and Asia, reducing reliance on U.S. policy changes [114][115][116]

LanzaTech Reports Third-Quarter 2024 Financial Results, Updates 2024 Outlook, and Expands Business Model to Accelerate Revenue Growth Company expands technology licensing business model to incorporate incremental participation in biorefining value chain as demonstrated by entering into ethanol off-take agreement with ArcelorMittal and advancement of key commercial projects being developed CHICAGO, IL (November 8, 2024) – LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), the carbon recycl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock LNZA Nasdaq Capital Market Warrants LNZAW Nasdaq Capital Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-4 ...

LanzaTech Global, Inc. (LNZA) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -123.08%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.14, delivering a surprise of -16.67%.Over the last four quarters, the company ha ...

CHICAGO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech"), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and proteins, today announced plans to develop a commercial-scale Carbon Capture and Utilization ("CCU") facility (the "facility", "plant", or "project") at Herøya Industrial Park in Porsgrunn, Norway. The plant will produce ethanol and is expected to begin operations in 2028. Eramet will supply furnace gas ...

CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, has been awarded $3 million by the U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management (FECM), as part of a broader $29 million investment program to advance its carbon management priorities. LanzaTech's Project ADAPT ("Accelerating Decarbonization via Adva ...

CHICAGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, today announced that it will issue its third-quarter 2024 financial results before financial markets in the United States open on Friday, November 8, 2024. A conference call will be held that same day at 8:30 a.m. Eastern Time to review the Company's financial results, discuss recent ...