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confidence high
sentiment positive
materiality 0.70
LanzaTech and Eramet announce plans for first-of-a-kind integrated CCUS project in Norway
LanzaTech Global, Inc.
- Project at Herøya Industrial Park in Porsgrunn, Norway will produce ethanol from furnace gas supplied by Eramet's manganese smelter.
- Facility expected to begin operations in 2028 with max capacity of 24 kilotons per annum of fuel-grade ethanol.
- LanzaTech will manage full scope of design, construction, and operations; Brookfield Asset Management has right of first refusal for financing.
- Potential second phase integrating CCS could reduce Eramet's CO2 emissions by ~200 kt from Scope 1 & 2.
- This is LanzaTech's first commercial-scale CCU plant in Norway and complements six existing commercial plants.