Chicago-based LanzaTech Global, a carbon capture company that converts waste carbon into materials such as sustainable fuels, fabrics, and packaging started trading on NASDAQ on 10 February, becoming the first carbon capture company in the USA to go public.
Jennifer Holmgren, Chairwoman and CEO of LanzaTech Global stated: “Today marks a tremendous milestone in our company’s journey, as the first shares of LanzaTech common stock will trade on the Nasdaq. We are thrilled to complete this transaction and begin this new chapter in the company’s history as we transition to a public company. The proceeds enabled by this transaction, coupled with the additional strategic partnerships we have signed with some of the largest energy and industrial leaders across the globe, provide a significant runway for us to drive shareholder value and execute on our mission of providing equal access to a post pollution future for all.”
LanzaTech, now trading under the ticket symbol LNZA, claims that its gas fermentation technology is designed to provide a profitable was to mitigate carbon emissions from heavy industry and manufacturing.
In addition to reducing the amount of CO2 that ends up in the atmosphere, LanzaTech’s technology enables industries to reduce their carbon footprint in a lucrative way by helping end users substitute materials made from virgin fossil resources with materials made from recycled carbon.
LanzaTech has extensive experience in utilizing waste carbon as feedstock for its bioreactors to produce novel fuels and chemicals.