'Technip Energies And LanzaTech To Collaborate On Breakthrough CO2-To-Ethylene Technology'
Portfolio Pulse from Happy Mohamed
Technip Energies (PARIS:TE) and LanzaTech Global, Inc. (NASDAQ:LNZA) have signed a Joint Collaboration Agreement to develop a sustainable ethylene production process. The process uses carbon emissions as the starting point, capturing up to 95% of the CO2 in the flue gas from ethylene crackers and transforming it into ethylene. This could help decarbonize one of the most challenging processes in the chemical industry.
July 11, 2023 | 5:12 pm
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POSITIVE IMPACT
LanzaTech's collaboration with Technip Energies to develop a sustainable ethylene production process could enhance its reputation as a leader in sustainable technologies and potentially increase demand for its services.
The partnership with Technip Energies could enhance LanzaTech's reputation in the field of sustainable technologies. If successful, the new process could increase demand for LanzaTech's services, potentially leading to increased revenues and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Technip Energies' collaboration with LanzaTech to develop a sustainable ethylene production process could strengthen its position in the market for sustainable technologies and potentially increase demand for its services.
The partnership with LanzaTech could strengthen Technip Energies' position in the market for sustainable technologies. If successful, the new process could increase demand for Technip Energies' services, potentially leading to increased revenues and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100