Disruptive Business Model for Chemical Supply Chain Ranked # 13 on list
Chicago, IL. (June 7, 2016) LanzaTech, a pioneer in carbon recycling today announced it has been named on the fourth annual CNBC Disruptor 50 list.
With its flexible biological catalyst, LanzaTech’s process is changing the way people think about carbon, reusing it for multiple applications. The process enables companies to make money by economically producing new goods, from house hold cleaning products to sneakers, car upholstery and plastics from recycled greenhouse gases.
Earlier this year, LanzaTech announced the production of IPA, a chemical precursor to plastics manufacture, from recycled emissions. Using a feedstock that is not easily traded enables the chemical industry to move away from a commodity based supply chain, decoupling chemical production from fluctuating market cycles where producers must predict what will be profitable down the line before they invest in and build new units.
“We are disrupting the way the trillion dollar chemical industry thinks about commodity sourcing and supply,” said LanzaTech CEO, Dr. Jennifer Holmgren. “We are thrilled our technology platform and business model has been recognized by CNBC! By reusing waste gas streams, we are a step closer to creating a circular economy which reduces global carbon emissions while creating value. We believe it is this value creation which will accelerate adoption of low carbon technologies.”
LanzaTech was selected from more than 750 nominated companies. CNBC’s Disruptor 50 Advisory Council — a group of 34 leading academics in innovation and entrepreneurship— ranked the companies by importance in ability to disrupt established industries and public companies, giving increased weighting to “creating a new market or ecosystem,” scalability and originality.