LanzaTech, LCY partner for chems, biofuels plant construction
In New Zealand, LanzaTech is partnering with China’s LCY Chemical Corporation to identify key bio-based chemicals to produce for global fuels and chemicals markets. Mr Lee says LCY plans to investigate alternative bio-C2 to C5 feedstock as raw materials, replacing petroleum oil for LCY’s current portfolio of products such as TPE, PP, solvents, and methanol derivatives.
LCY is also looking to further developments in bio green products including bio-plastics and bio-fuels. LCY will fund the construction of production plants in exchange for access to LanzaTech’s technology.
LanzaTech CEO Jennifer Holmgren commented, “integration is the key to success and for us that means 1) integration into existing industrial facilities and 2) integrating production of fuels and chemicals when possible. Both of these will enhance the economics of our technology. Over the past 9 months, LanzaTech has come to agreements with companies in the steel, refining, chemicals and coal sectors. This not only shows the potential value of our technology but also the willingness of the market to invest in approaches which deliver fuels and chemicals at a reduced C footprint.”
Category: Fuels
