- Carbon capture and transformation company LanzaTech NZ has entered into a funding partnership with Brookfield Renewable, and its institutional partners.
- The partnership aims to co-develop and build new commercial-scale production plants that transforms captured carbon into raw material commodities.
- The partnership commits an initial $500M investment from Brookfield Renewable, which is expected to be provided through the energy transition-focused Brookfield Global Transition Fund.
- Additionally, Brookfield could commit to making $500M available for investments in the strategic partnership and also invest $50M in LanzaTech.
- Brookfield will be LanzaTech's preferred capital partner for LanzaTech CCT opportunities in Europe and North America.
- LanzaTech has entered into a business combination agreement with AMCI Acquisition ( NASDAQ: AMCI ) .
- Source: Press Release
For further details see:
LanzaTech enters into funding partnership with Brookfield Renewable