Carbon capture and transformation (CCT) company LanzaTech entered a funding partnership with clean energy investor Brookfield Renewable, aimed at financing the development of commercial scale production plants for the transformation of carbon into materials such as sustainable fuels, fabrics, packaging. Founded in 2005, Illinois-based LanzaTech’s biology-based platform converts captured carbon into raw material commodities, that would otherwise be produced from virgin fossil resources. LanzaJet’s technology has converted steel mill emissions into products including sustainable aviation fuel, clothing ranges, laundry detergent, household cleaner and fine fragrances. Under the new partnership, Brookfield will invest an initial USD500mn for the construction and operation of new CCT projects, with funding to be provided through Brookfield’s inaugural net zero-focused impact fund, the Brookfield Global Transition Fund. Brookfield will also invest USD50mn in LanzaTech to support further corporate development.

Source: ESG Today