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The latest announcement is out from LanzaTech Global ( (LNZA) ).
On January 21, 2025, LanzaTech Global announced its intention to form LanzaX, a new business unit dedicated to its synthetic biology platform, and spin it out as a joint venture with Tharsis Capital. This strategic move aims to enhance the company’s focus on its biorefining operations, including Sustainable Aviation Fuels, while reducing costs and leveraging LanzaX’s capabilities to accelerate the development of new biochemical products. Additionally, LanzaTech appointed Justin Pugh as Interim Chief Financial Officer to drive cost reductions and align resources with their growth strategy.
More about LanzaTech Global
LanzaTech Global, Inc. (NASDAQ: LNZA) is a carbon recycling company that converts waste carbon into sustainable fuels, chemicals, materials, and proteins. Utilizing bio-recycling technology, LanzaTech captures carbon emissions at the source and transforms them into clean alternatives to fossil carbon for various products. The company collaborates with global supply chain partners to advance a circular carbon economy.
YTD Price Performance: -6.25%
Average Trading Volume: 1,016,302
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $296.7M
See more data about LNZA stock on TipRanks’ Stock Analysis page.
