LanzaTech Forms Joint Venture With Olayan Financing Company To Deploy Carbon Recycling Technology In Saudi Arabia
Portfolio Pulse from Benzinga Newsdesk
LanzaTech Global, Inc. (NASDAQ:LNZA) and Olayan Financing Company (OFC) have formed a joint venture in Saudi Arabia to accelerate the commercial deployment of LanzaTech's carbon recycling technology in hard-to-abate industries. The joint venture will deploy and develop projects utilizing LanzaTech's technology within Saudi Arabia and selectively across the Middle East. The partnership aims to enable LanzaTech to deploy its technology more quickly and broadly across multiple sectors using a range of waste carbon feedstocks.
October 25, 2023 | 12:34 pm
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LanzaTech's joint venture with Olayan Financing Company in Saudi Arabia to accelerate the deployment of its carbon recycling technology could potentially boost its revenues and expand its market presence in the Middle East.
The joint venture will allow LanzaTech to deploy its carbon recycling technology more quickly and broadly across multiple sectors in Saudi Arabia and the Middle East. This could potentially increase its revenues and expand its market presence in the region.
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