SHV Power and LanzaTech companion to develop renewable propane options

SHV Power and LanzaTech are partnering to make use of LanzaTech’s Carbon Seize and Transformation (CCT) expertise to convey renewable propane and different sustainable fuels to the market through present and novel pathways. The collaboration will additional broaden LanzaTech’s present CCT expertise and artificial biology platform, which transforms waste carbon into sustainable fuels and different supplies comparable to materials, packaging, and different merchandise.

LanzaTech’s first two commercial-scale gasoline fermentation vegetation have produced greater than 30 million gallons of ethanol—the equal of offsetting the discharge of 150,000 metric tons of CO₂ into the environment. Extra vegetation are underneath development globally.

SHV Power is dedicated to pioneering new options to supply prospects a direct, viable, and cost-effective answer to de-fossilize their off-grid vitality wants. Renewable propane (often known as bioLPG) is already accessible and is enabling many shoppers all over the world, who’re presently unable to entry the grid, a possibility to realize deep de-fossilization targets as they considerably cut back their reliance upon carbon intensive fossil fuels, whereas providing a singular pathway to inexpensive zero-emissions transportation.

SHV Power has a robust portfolio of R&D collaborations targeted on the event and growth of novel routes to propane and different sustainable fuels.

This strategic collaboration is a crucial addition to our portfolio of actions to discover, develop and champion renewable propane and different sustainable liquid gasoline options for hundreds of thousands of consumers all over the world. We all know LanzaTech to be an entrepreneurial, result-oriented, and above all, profitable firm of innovators, and are excited to pool sources with their workforce to search out options for each present and future LPG prospects.

—Bram Gräber, SHV Power CEO

This announcement builds on a shared imaginative and prescient between each corporations, together with each being founding members of the Renewable Carbon Initiative. Reinforcing that shared imaginative and prescient, SHV Power grew to become an investor within the frequent fairness PIPE (Non-public Funding in Public Fairness) that LanzaTech introduced on 8 March 2022, together with its intention to go public by way of a enterprise mixture transaction with AMCI Acquisition Corp. II.

SHV Power is a number one world distributor of off-grid vitality comparable to LPG and LNG and is lively within the space of sustainable fuels and renewable vitality options.