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0.0498338870431893 0.0498338870431893 0.0930232558139534 0.0930232558139534 0.0930232558139534 0.0199335548172758 0.0232558139534883 0
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Technip Energies and LanzaTech Selected by the US Department of Energy to Receive $200M Investment for Breakthrough, Replicable Decarbonized Ethylene Commercial Facility

LanzaTech Global, Inc. (LNZA) 
Company Research Source: GlobeNewswire
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Today, Technip Energies and LanzaTech Global, Inc. (NASDAQ: LNZA) were selected by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $200 million in Bipartisan Infrastructure Law and Inflation Reduction Act (IRA) funding as part of the Industrial Demonstrations Program (IDP). The project SECURE – standing for Sustainable Ethylene from CO2 Utilization with Renewable Energy – aims to develop a transformational technology to produce sustainable ethylene from captured carbon dioxide (CO2). Technip Energies and LanzaTech announced their Joint Collaboration Agreement to create this new pathway to sustainable ethylene at commercial scale in July 2023. Estimated to reach a $200 billion market by 2030 and with a global demand of over 231 million tons per year, ethylene is the key building block for thousands of chemicals and materials and is often called the “world’s most impor Show less Read more
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