LanzaTech, Inc.

Every year, billions of tonnes of carbon are released into the atmosphere as waste from industrial processes. For most companies, this represents a cost to minimize or a regulatory problem to manage. LanzaTech chose to turn it into a raw material. Through proprietary biofermentation technology, the company converts industrial emissions, carbon dioxide, and gasified waste into ethanol — a key building block for a wide range of sustainable products, starting with Sustainable Aviation Fuel (SAF). LanzaTech's process relies on engineered microorganisms that "feed" on industrial gases that would otherwise be released into the atmosphere and convert them into useful molecules. This is not carbon capture and storage, which carries high costs and limited utility: it is carbon utilization, an approach that transforms a problem into a value stream. For industrial clients, this means not only reducing emissions but generating a product with a real market. LanzaTech's customers include the companies producing emissions — steel mills, cement plants, chemical facilities — as well as those who want to convert those emissions into sustainable fuel: airlines seeking SAF to comply with tightening green aviation regulations, and consumer goods manufacturers looking for low-carbon materials. LanzaTech operates in a market growing under the combined pressure of regulation and competitive dynamics. European and North American airlines face SAF blending obligations that tighten every year, creating structural demand for LanzaTech's solutions. The B2B model focused on custom solutions reflects the technical complexity of industrial-scale biofermentation plants, each designed around the specific characteristics of the client's emission stream.