LanzaTech (LNZA) has been awarded a contract by Spray Engineering Devices to build an ethanol facility using sugarcane bagasse, a widely available agricultural waste product, for production of sustainable fuels and chemicals. The facility, projected to process up to 300 tons per day of bagasse, will be in the state of Uttar Pradesh, India, and is a key component of the “SED Smart Village” concept. The SED Smart Village framework is designed to capture the full economic value of renewable power and carbon resources. The model anticipates that abundant low-cost power will shift carbon demand toward high-value products like green chemicals, polymers, aviation fuels, and e-fuels. In addition, the LanzaTech project is expected to generate nutrient-rich biochar, that can be used in local farming communities to improve soil fertility.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNZA:
- LanzaTech raises $20M in private placements at $5 per share
- LanzaTech Global Raises Capital and Simplifies Capital Structure
- LanzaTech achieves guaranteed performance at Japan waste-to-ethanol plant
- LanzaTech Boosts LanzaJet Stake, Deepening Sustainable Aviation Focus
- LanzaTech increases holdings of LanzaJet