CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, and LanzaJet, Inc., a leading sustainable fuels technology company and fuels producer, are launching CirculAir™, a new joint offering to convert waste, carbon, and renewable power into sustainable aviation fuel (SAF) and immediately accelerate decarbonization of the aviation industry globally. CirculAir is a breakthrough of ...

LanzaJet and LanzaTech, two independent companies, have a long history of collaborating to bring emerging technologies to market and scale nascent industries. The two companies currently maintain joint projects throughout the world, including Australia, New Zealand, the United Arab Emirates, and the United Kingdom. "Over 100 billion gallons of fossil fuel-derived jet fuel are consumed each year–with our joint technology, we can turn that into 100 billion gallons of reliable jet fuel powered by recycled carb ...

CHICAGO, June 20, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, today announced an increase in its holdings of LanzaJet, Inc. ("LanzaJet"), a leading sustainable aviation fuel technology provider and fuels producer. As LanzaJet scales its global deployment and seeks to further sublicense the ATJ technology, LanzaTech's interest in LanzaJet is also expected ...

CHICAGO, June 20, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, today announced an increase in its holdings of LanzaJet, Inc. ("LanzaJet"), a leading sustainable aviation fuel technology provider and fuels producer. As LanzaJet scales its global deployment and seeks to further sublicense the ATJ technology, LanzaTech's interest in LanzaJet is also expected ...

Core Insights - LanzaTech Global, Inc. is focused on transforming waste carbon into sustainable raw materials and feedstock for sustainable aviation fuel [1][2] - The company will participate in several upcoming investor events, including the Evercore ISI's Global Clean Energy & Transition Technologies Summit and J.P. Morgan's Energy, Power & Renewables Conference [1] Company Overview - LanzaTech utilizes biorecycling technology to capture carbon emissions from energy-intensive industries, preventing them from entering the atmosphere [2] - The captured carbon is repurposed as a clean alternative to virgin fossil carbon for various products, including household cleaners, clothing fibers, packaging, and fuels [2] - The company collaborates with major partners across the global supply chain, such as ArcelorMittal, Zara, H&M Move, Coty, and On, to promote a circular carbon economy [2]

Core Insights - LanzaTech Global, Inc. is focused on transforming waste carbon into sustainable raw materials and feedstock for sustainable aviation fuel [1][2] - The company will participate in several upcoming investor events, including the Evercore ISI's Global Clean Energy & Transition Technologies Summit and J.P. Morgan's Energy, Power & Renewables Conference [1] Company Overview - LanzaTech utilizes biorecycling technology to capture carbon emissions from energy-intensive industries, preventing them from entering the atmosphere [2] - The captured carbon is repurposed as a clean alternative to virgin fossil carbon for various products, including household cleaners, clothing fibers, packaging, and fuels [2] - The company collaborates with major partners like ArcelorMittal, Zara, H&M Move, Coty, and On to promote a circular carbon economy [2]

CHICAGO, May 30, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) ("LanzaTech" or the "Company"), the carbon recycling company transforming waste carbon into sustainable raw materials, today announced that Kate Walsh has joined the Company as Vice President, Investor Relations, effective May 20, 2024. Bringing nearly 15 years of public company investor relations and finance experience to her new role, Ms. Walsh is responsible for driving LanzaTech's financial communications strategy and engage ...

Core Viewpoint - LanzaTech Global, Inc. has appointed Kate Walsh as Vice President of Investor Relations, effective May 20, 2024, to enhance its financial communications strategy and investor engagement [1][2]. Company Overview - LanzaTech is a carbon recycling company that transforms waste carbon into sustainable raw materials for various products, utilizing biorecycling technology to capture carbon emissions from energy-intensive industries [5]. - The company collaborates with global supply chain partners such as ArcelorMittal, Zara, H&M Move, Coty, and On to promote a circular carbon economy [5]. Leadership Appointment - Kate Walsh brings nearly 15 years of experience in public company investor relations and finance, primarily in the energy sector, to her new role [2][3]. - Her previous positions include Senior Vice President of Investor Relations and Corporate Communications at Enviva Inc., and Vice President of Investor Relations & Tax at EnLink Midstream, LLC [3]. - Walsh holds a Chartered Professional Accountant designation from CPA Canada and a Bachelor of Commerce degree in accounting from Dalhousie University [4]. Strategic Importance - The appointment of Walsh is seen as timely as LanzaTech aims to scale its carbon recycling solutions and pursue significant growth opportunities while expanding its customer base and geographical reach [3].

Financial Data and Key Metrics Changes - The company reported revenue of approximately $10 million for Q1 2024, reflecting a 6% year-on-year growth and aligning with internal forecasts [6][110] - Gross margin improved to 34%, with gross profit reaching $3.5 million, marking an 87% year-on-year increase [6][89] - Adjusted EBITDA loss increased to $22.1 million, attributed to lower revenue and gross profit compared to Q4 2023 [114] Business Line Data and Key Metrics Changes - CarbonSmart revenue was approximately $1 million, and JDA & Contract Research revenue was $4.3 million, both showing year-on-year growth [88] - Biorefining revenue declined to $5 million year-on-year, but engineering services revenue contributed positively [88] - The total operating project count stands at eight, including both commercial and demonstration scale projects [17] Market Data and Key Metrics Changes - The sustainable aviation fuel (SAF) market continues to gain momentum, with increasing demand for waste-based feedstocks [31][63] - The UK SAF mandate stipulates that SAF must account for 2% of all fuel in the aviation sector, increasing to 10% by 2030 and 22% by 2040, creating a protected market for advanced SAF [34] Company Strategy and Development Direction - The company is focused on advancing its commercial project pipeline and integrating technologies to produce sustainable ethylene from captured carbon dioxide emissions [25][29] - Project SECURE, supported by a $200 million grant from the U.S. Department of Energy, aims to decarbonize ethylene production [10][25] - The company is committed to a culture of safety and has reported no safety incidents at its facilities during the quarter [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the SAF market and the company's positioning within it, highlighting the importance of waste-based ethanol [31][63] - The company reiterated its 2024 financial guidance, expecting revenue between $90 million and $105 million, reflecting a growth of approximately 55% year-on-year [27][96] - Management acknowledged the challenges in the energy sector but emphasized the importance of their innovative approach to carbon utilization [131] Other Important Information - The company is in the process of completing a $100 million investment round to accelerate growth, with commitments from major investors [40] - The total installed maintenance production capacity across its licensed projects is approximately 310,000 tons of ethanol per year [36] Q&A Session Summary Question: What is the expected revenue growth in Q2? - The company anticipates a revenue growth of 20% to 40% in Q2 compared to Q1, indicating a strong ramp in the back half of the year [102] Question: How will the company manage LanzaJet production allocations? - LanzaJet has 10-year offtakes for all fuel production, ensuring that production is fairly allocated among offtakers [57] Question: What is the status of Project SECURE? - The company expects to start work on Project SECURE in the back half of the year, with revenues associated with the project included in current guidance [56]

LanzaTech Global, Inc. (LNZA) came out with a quarterly loss of $0.13 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.58 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.09, delivering a surprise of 10%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.LanzaTech Global, Inc., which belongs ...