Lanzatech

What Lanzatech does

LanzaTech Global, Inc. (NASDAQ: LNZA) is a US-headquartered carbon recycling biotechnology company that has developed a proprietary gas fermentation platform anchored by the engineered acetogen Clostridium autoethanogenum (C. auto). The platform deploys modular industrial bioreactors at energy-intensive emitter sites — steel mills, ferroalloy smelters, refineries, gasified waste and biomass facilities — where microbes consume carbon-rich off-gases (CO, CO2, H2) and biologically convert them into fuel-grade ethanol and a portfolio of derivative chemicals including isopropanol, acetone, monoethylene glycol (MEG), and a microbial protein product (LNP). The core technology rests on a single microbial strain library refined over 20+ years of directed evolution, protected by over 1,000 patents, with peer-reviewed Life Cycle Analyses published in Nature Biotechnology and validated across CARB, ICAO, RSB, ISCC, Argonne National Laboratory, MIT and Michigan Tech collaborations. The company operates six commercial-scale plants (China, India, Belgium, Japan, US) with 300,000 metric tons of aggregate annual ethanol capacity, plus a flagship integrated CCUS project under development at Porsgrunn, Norway with Eramet.

LanzaTech's business model blends multiple revenue streams. The licensing-and-royalties engine licenses fermentation technology and strains to industrial hosts (ArcelorMittal, Sekisui, Indian Oil, Eramet, NTPC, Suncor) who embed bioreactors at their sites and share offtake economics — exemplified by $8.5M of licensing revenue from majority-owned subsidiary LanzaJet in Q4 2025. CarbonSmart™ branded ethanol and downstream chemicals (ethoxylates, MEG, PET, polyester) are sold into consumer goods supply chains with Coty, Mibelle, Zara, H&M Move, On, adidas, lululemon, Kathmandu, REI, Plastipak, Danone, Pepsi, L'Oréal and IKEA; first sales into Asian fuels markets were executed in 2024. Project development economics (Porsgrunn captures 50% of ethanol volumes), non-dilutive grant funding (€40M EU Innovation Fund, US DOE), and strategic channel partnerships (Brookfield financing with right of first refusal, Fluor as EPC, LanzaJet for SAF via the CirculAir™ platform) round out the model. The go-to-market motion is enterprise field sales paired with deep channel-partner and OEM-embedded licensing structures.

The company is publicly traded following a 2023 SPAC business combination with AMCI Acquisition Corp. II and completed a $20M private placement in January 2026. FY2025 revenue was $55.8M (Q4 2025: $28.0M, ~133% YoY) against operating expenses of $104.5M and a net loss of $49.0M (down from $137.7M in 2024). It maintains wholly-owned subsidiaries across the US, EU, UK, India, New Zealand and a Norwegian SPV, and a global operating footprint spanning North America, East Asia (China, Japan), South Asia (India), Europe (Norway, Belgium, UK, Netherlands, Germany, Switzerland), the Middle East (UAE) and Oceania (Australia, New Zealand). Dr. Jennifer Holmgren serves as CEO and Chair; co-founders Dr. Sean Simpson and Dr. Richard Forster started the company in 2005 (firmographics lists 1986, but company history and all primary sources confirm 2005 incorporation of the technology platform).

Name

Lanzatech

Legal name

LanzaTech Global, Inc.

Website

https://lanzatech.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

LanzaTech Global, Inc. is a US public biotechnology company (NASDAQ: LNZA) that licenses proprietary gas-fermentation technology — using engineered Clostridium autoethanogenum microbes — to industrial emitters to convert waste CO, CO2 and H2 into ethanol, SAF feedstocks, MEG, and microbial protein. It serves steel, ferroalloy, refining, MSW and consumer goods supply chains across six commercial plants and pipeline projects in North America, Europe, Asia and Oceania.

Ownership category

akta.pro rank

Product category

Sustainable Fuels & Chemicals

NAICS

Ethyl Alcohol Manufacturing (325193), Basic Chemical Manufacturing (3251)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

CO₂‑to‑Chemicals (C1/C2+ chemicals: formic acid, CO, syngas, ethylene/propylene pathways) (EUABAIAC)

akta.pro secondary industries

E‑Fuels & Synthetic Hydrocarbons (e‑kerosene, e‑diesel, e‑gasoline, e‑methane) (EUABAIAA), Bio-based Platform & Commodity Chemicals (e.g., bio-ethylene, bio-propylene, bio-BTX, bio-methanol) (EUAAAIAA), Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK)

Keywords

• Gas fermentation technology
• Carbon capture utilization
• Sustainable aviation fuel
• Recycled carbon chemicals
• Industrial emissions conversion

Headquarters

HQ city

Skokie

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Technology licensing and royalties: LanzaTech licenses its gas fermentation technology and strains to industrial partners who operate bioreactors at their facilities; generates upfront licensing fees and recurring royalties plus, in some deals (e.g., LanzaJet, Eramet Porsgrunn), shares of ethanol offtake economics. Example: $8.5M in licensing revenue from LanzaJet for sublicensing technology in Q4 2025.
2. CarbonSmart™ ethanol and derivative product sales: Direct sales of recycled-carbon ethanol, ethoxylates, MEG, PET and other CarbonSmart™ ingredients to consumer-goods brands (Coty, Mibelle, Zara, H&M Move, On, adidas, lululemon, Kathmandu, REI, Craghoppers, Plastipak, Danone, Pepsi, L'Oréal, IKEA) and into fuels markets; first sales into Asian fuels market executed in 2024.
3. CarbonSmart Nutritional Protein (LNP) and certified protein co-product sales: Sales of certified protein (animal/pet feed) since 2018, plus planned commercial-scale LNP protein production directly from CO2 as primary product; targets the $1 trillion alternative protein market with applications in human food, pet food, and animal feed.
4. Project development, equity / offtake economics, and grant funding: Project developer role at Porsgrunn (and other integrated CCUS projects) capturing offtake economics on 50% of ethanol volumes plus project development fees; supplemented by non-dilutive grants from EU Innovation Fund (€40M), UK government, US DOE, and others, and capital from financial partners (Brookfield right of first refusal).
5. Equity financings and strategic investments: Capital raises via equity (e.g., $20M private placement closed Jan 2026; SPAC business combination with AMCI Acquisition Corp. II; prior Series D led by Mitsui; Novo Holdings and NZ Super Fund investment rounds) provide runway to scale commercial deployment.

Pricing tiers

Go-to-market motion3 records

Core offering

LanzaTech has developed a proprietary gas fermentation platform that uses engineered Clostridium autoethanogenum microbes to convert carbon-rich industrial off-gases (CO, CO2, H2) into ethanol and other chemicals. The company licenses this technology to industrial partners who operate bioreactors at their facilities, and directly produces and sells CarbonSmart ethanol, Sustainable Aviation Fuel (via CirculAir with LanzaJet), LanzaTech Nutritional Protein (LNP), and downstream derivatives including MEG, PET, and polyester to consumer-goods, fuels, and nutrition markets.

Differentiator

Problem solved

Functional benefit

Brands

• CarbonSmart: Branded line of recycled-carbon ethanol, ethoxylates, MEG, and PET products and downstream applications (apparel, fragrance, packaging, protein).
• CirculAir
• LNP (LanzaTech Nutritional Protein)

Products and services

• CarbonSmart Ethanol LanzaTech's flagship product: recycled-carbon ethanol produced via proprietary gas fermentation where engineered microbes consume industrial off-gases (CO, CO2, H2). Used as a building block for SAF, chemicals, packaging, fragrance, apparel, and downstream derivatives. Six commercial facilities globally with ~300,000 metric tons annual capacity.
• Sustainable Aviation Fuel (SAF) Drop-in jet fuel produced through LanzaTech's gas fermentation followed by LanzaJet's alcohol-to-jet conversion; ASTM ATJ-SPK certified; achieves ~85% life-cycle emissions reduction with potential for carbon-negative outputs depending on feedstock.
• CirculAir Joint LanzaTech-LanzaJet platform integrating gas fermentation with ethanol-to-SAF conversion to deliver waste-based Sustainable Aviation Fuel from agricultural/forestry wastes, MSW, Power-to-Liquid feedstocks, and direct-air-captured carbon.
• LanzaTech Nutritional Protein (LNP) Microbial protein produced directly from CO2 via a new gas-fermenting microbe in LanzaTech's platform. Nutrient-rich alternative to plant and animal-based proteins for food, animal feed, and pet food applications; pursuing U.S. FDA GRAS certification for human nutrition.
• CarbonSmart Polyester Polyester textile fiber produced from recycled-carbon emissions via LanzaTech's ethanol-to-MEG-to-PET pathway; used by apparel partners including Zara, On, H&M Move, adidas, lululemon, Kathmandu, REI, and Craghoppers.
• CarbonSmart MEG (Monoethylene Glycol) Monoethylene glycol produced from CarbonSmart ethanol, used as a building block for PET in fabrics and packaging to replace fossil carbon-derived feedstocks.
• CarbonSmart PET Recycled-carbon polyethylene terephthalate (PET) produced from CarbonSmart MEG for use in packaging and fabrics, replacing fossil-derived PET feedstock.

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Prometheus Fuels: California-based company producing low-carbon synthetic fuels from atmospheric CO2 using renewable electricity. Comparable as an emerging carbon-to-fuels player, though using direct air capture and electrochemistry rather than biological fermentation.
• Infinium: Developer of e-fuels from green hydrogen and captured CO2. Comparable in producing low-carbon transportation fuels from waste carbon, but using electrocatalytic rather than biological conversion.
• HIF Global: Chile-headquartered e-fuels company producing gasoline, diesel, and SAF from green hydrogen and captured CO2. Competes for the same Power-to-Liquid SAF and carbon utilization value pool with a different (electrolytic) technology route.
• Velocys: UK-based Fischer-Tropsch SAF technology provider targeting similar aviation decarbonization end-markets via a different conversion pathway (FT rather than ATJ). Comparable as a small-cap SAF technology company competing for similar offtake deals.

Direct peers

• LanzaJet: LanzaTech's majority-owned subsidiary that commercializes the Alcohol-to-Jet process. Despite the corporate linkage, LanzaJet operates as an independent SAF platform competing in the same alcohol-to-jet space and is the closest direct peer given shared technology DNA and feedstock pathway.
• Aemetis: Public US renewable fuels and SAF producer developing cellulosic ethanol and SAF pathways. Comparable in scale and renewable-fuels focus, and a relevant competitor for both ethanol offtake and SAF blending credits.
• Gevo: US-based developer of low-carbon alcohols-to-jet SAF using corn starch sugars and renewable feedstocks. Gevo is a direct peer in the alcohol-to-jet SAF pathway and competes for similar aviation offtake and policy incentives.

Others

• Carbon Clean: UK-based carbon capture technology provider focused on point-source CO2 capture for industrial emitters. Adjacent and enabling rather than direct competitor — comparable as an ecosystem participant that LanzaTech could partner with on integrated CCUS projects.
• Climeworks: Swiss direct air capture company that removes CO2 from ambient air. Adjacent and enabling in the carbon management ecosystem; relevant for the CO2 feedstock end of LanzaTech's value chain but not a direct product competitor.

Broad incumbents

• SunFire: German industrial e-fuels producer using high-temperature electrolysis to convert CO2 and green hydrogen into synthetic fuels and chemicals. Comparable as a broader industrial decarbonization incumbent pursuing similar CO2-to-fuels end-markets in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/LanzaTech
• YouTubeyoutube.com/user/LanzaTech/videos
• LinkedInlinkedin.com/company/lanzatech
• Facebookfacebook.com/LanzaTech

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds21 records

Investors26 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lanzatech