CHICAGO and GENEVA, Sept. 23, 2022 (GLOBE NEWSWIRE) — Givaudan, a global industry leader in the world of scent and beauty, and LanzaTech NZ, Inc. (“LanzaTech”), an innovative Carbon Capture and Transformation (“CCT”) company have announced a collaboration for the development of sustainable fragrance ingredients from renewable carbon.
Renewable carbon is carbon that avoids or substitutes the use of additional fossil carbon. Examples include carbon from CO2 and carbon recycling. Multiple commercial facilities are already licensing LanzaTech’s technology, converting various waste carbon sources to ethanol, including the conversion of industrial emissions in China, thanks to the power of industrial biology and a proprietary biocatalyst. With over 15 years scale up experience, LanzaTech’s approach to carbon transformation is bringing renewable carbon into people’s lives through the conversion of emissions to ethanol and the subsequent conversion of ethanol to the building blocks necessary to make a wide range of consumer goods, such as laundry detergent, clothing, shoes, and food packaging. In addition, thanks to its synthetic biology and modelling capabilities, LanzaTech can introduce new pathways into their biocatalyst to produce a variety of different chemicals through this process.
The research collaboration with Givaudan is one that is expected to leverage this synthetic biology capability and go beyond the production of ethanol, with the companies working together to establish novel pathways to key fragrance ingredients used across the Givaudan portfolio. By searching for new opportunities to bring perfumery material innovations to life, the companies have a shared goal of using sustainable methods to continue serving consumers through enhancing the perfumery palette and being good for the planet as well.
Jeremy Compton, Global Head of Science and Technology for Fragrances at Givaudan said: “We are very excited about this strategic collaboration with LanzaTech, a much-respected sustainable materials company that has an impressive heritage, and a state-of-the-art research platform in renewable carbon solutions. Our purpose of ‘creating for healthier, happier lives with love for nature’ fully aligns with the aspiration of our two companies to develop products that support us in being carbon neutral in the future. Together we have the potential to grow with our respective businesses while increasing our positive impact on the world with products consumers feel good about, and that preserve our planet.”
“Givaudan has long been an expert in pairing innovation and technology in the world of fragrance and we are excited to be working with a company that shares our vision of a post pollution future,” said Jennifer Holmgren, CEO of LanzaTech. “Together, thanks to the power of synthetic biology, we are expanding the way in which we can deliver sustainable solutions to all consumers, giving them a choice as to where their carbon comes from while protecting our planet.”
Both companies have been longstanding members of the Renewable Carbon Initiative, an organisation whose goal is to support and speed up the transition from fossil carbon to renewable carbon for all organic chemicals and materials.
“Industry has to go beyond using renewable energy,” said Michael Carus, founder of the RCI. “All fossil carbon use must end, as the carbon contained in the molecules of chemicals and plastics is destined to end up in the atmosphere sooner or later. Only a full phase-out of fossil carbon will help to prevent a further increase in atmospheric CO2 concentrations.”
Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing. We celebrate the beauty of human experience by creating for happier, healthier lives with love for nature. Together with our customers we deliver food experiences, craft inspired fragrances, and develop beauty and wellbeing solutions that make people look and feel good. In 2021, Givaudan employed over 16,800 people worldwide and achieved CHF 6.7 billion in sales with a free cash flow of 12.6%. With a heritage that stretches back over 250 years, we are committed to driving long-term, purpose-led growth by improving people’s health and happiness and increasing our positive impact on nature. This is Givaudan. Human by nature. Discover more at www.givaudan.com.
LanzaTech harnesses the power of biology and big data to create climate-safe materials and fuels. With expertise in synthetic biology, bioinformatics, artificial intelligence and machine learning coupled with engineering, LanzaTech has created a platform that converts waste carbon into new everyday products that would otherwise come from virgin fossil resources. LanzaTech’s first two commercial scale gas fermentation plants have produced over 30 million gallons of ethanol, which is the equivalent of offsetting the release of over 150,000 metric tons of CO2 into the atmosphere. Additional plants are under construction globally. LanzaTech is based in Illinois, USA.
As previously announced LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI). Upon closing, the combined company is expected to trade on Nasdaq under the ticker symbol “LNZA”.
This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of the management of LanzaTech. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-loo king statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of LanzaTech, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information please contact:
Marie Laure André, Fragrance & Beauty Communications
T +33 1 3998 4477
E [email protected]
Investor Relations Contact – LanzaTech
Omar El-Sharkawy, Director, Corporate Development