Revolutionary technology has potential to expand feedstock for HEFA pathway for SAF, while eliminating palm oil dependency across industriesCHICAGO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a leader in carbon management solutions, is proud to announce an innovative advancement with the potential to transform global sustainable aviation fuel (SAF) production. Having successfully commercialized its technology to produce ethanol for SAF via the Al ...

Leadership Changes - Sushmita Koyanagi has been appointed as Chief Financial Officer, effective June 2, 2025, succeeding Justin Pugh, who served as interim CFO since January 2025 [1][3] - Amanda Fuisz will assume the role of interim General Counsel, effective June 13, 2025, succeeding Joseph Blasko [2][3] Cost Reduction and Strategic Focus - The leadership changes are part of a strategy to streamline operations and reduce costs, with anticipated annual cost reductions of approximately $1 million [5] - The company aims to better allocate resources towards promising commercial opportunities, particularly in sustainable aviation fuel production [5] Board of Directors Update - Gary Rieschel, a long-serving board member, will retire at the conclusion of his current term and will not seek re-election at the Annual Meeting of Stockholders on July 21, 2025 [4][5]

Core Insights - LanzaTech is transitioning from an innovation hub to a profitable enterprise, aiming for approximately $30 million in annual cash operating expense reductions [1][4] - The company is focusing on globally deploying proven technology and pursuing high-impact commercial projects aligned with profitability [2][4] - A strategic spin-out of its synthetic biology platform, LanzaX, and evaluation of scale-up opportunities for LanzaTech Nutritional Protein (LNP) are part of this transition [2] Financial and Operational Updates - The fourth quarter and full-year 2024 earnings call has been rescheduled to March 31, 2025, to align with the filing of the Annual Report on Form 10-K [1][5] - The company is implementing measures to evaluate its global footprint, which may lead to a workforce reduction of approximately 10 to 15 percent [4] Project Developments - High-priority commercial projects include waste-based ethanol-to-Sustainable Aviation Fuel (SAF) facilities in the UK and EU, each with a capacity of 30 million gallons per year [3] - The LanzaTech and LanzaJet CirculAir™ solution will be utilized in these projects to create an efficient offering for the aviation industry [3]