LanzaTech Forms Joint Venture with Olayan Financing Company to Deploy Carbon Recycling Technology in Saudi Arabia

SKOKIE, Ill., Oct. 25, 2023 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable raw materials, and Olayan Financing Company (OFC), the parent company of The Olayan Group’s businesses and investments in Saudi Arabia and the Middle East, have formed a joint venture company in the Kingdom of Saudi Arabia […]

LanzaTech announces collaboration with Dow to introduce bio-degradable cleaning solution

SKOKIE, Ill., Sept. 29, 2023 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable raw materials, has collaborated with Dow (NYSE: DOW) to introduce a new biodegradable surfactant to the home care market. Dow’s surfactant, EcoSense™ 2470, is made using LanzaTech’s CarbonSmart™ technology and ensures immediate market entry, while […]

LanzaTech Global, Inc. Announces Second Quarter 2023 Financial Results

Operating revenues of $12.9 million for second quarter 2023, an increase of 31% over second quarter 2022

Current cash, restricted cash, and investments of $161.1 million provides financial flexibility to execute business strategy through year-end 2024 without further need for additional capital resources

Reiterate outlook for achieving positive adjusted EBITDA by year-end 2024

Expanding geographic footprint in Europe and India with expected commercial plant startups in 2023

Updating full year 2023 revenue and adjusted EBITDA outlook due to improved project visibility and financial results to date