LanzaTech NZ announced a funding partnership with Brookfield Renewable, and its institutional partners, to co-develop and build new commercial-scale production plants that will employ LanzaTech’s CCT technology, which transforms captured carbon into valuable raw material commodities.
The funding partnership commits an initial $500 million to be invested by Brookfield Renewable in constructing and operating new CCT projects that have achieved certain pre-agreed milestones.
LanzaTech hasa merger agreement with AMCI Acquisition II. That deal carries an implied $1.8 billion pro forma enterprise value.
Announced in March, the deal calls for the combined company to receive gross proceeds of approximately $275 million, including AMCI’s $150 million of cash in trust (assuming no redemptions) and a committed PIPE of approximately $125 million from investors including AMCI, ArcelorMittal, BASF, K1W1, Khosla Ventures, Mitsui & Co., New Zealand Superannuation Fund, Oxy Low Carbon Ventures, Primetals Technologies, SHV Energy and Trafigura. Read more.
