LanzaTech Bags $3M from US Department of Energy to Drive Conversion of Waste Carbon Dioxide into Valuable Chemicals
Portfolio Pulse from Benzinga Newsdesk
LanzaTech Global, Inc. (NASDAQ:LNZA) has received a $3 million grant from the U.S. Department of Energy to support its project focused on converting waste carbon dioxide into valuable chemicals. This funding is part of a larger $29 million initiative by the DOE to advance carbon management technologies.
October 16, 2024 | 10:02 am
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LanzaTech Global, Inc. has been awarded $3 million by the U.S. Department of Energy to advance its carbon recycling technology, which could enhance its product offerings and revenue potential.
The $3 million grant from the DOE is a significant endorsement of LanzaTech's technology and its potential to convert CO2 into valuable products. This funding could lead to advancements in their technology, potentially increasing their market value and revenue streams.
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