Primetals Technologies and LanzaTech announce renewal of ten-year cooperation to advance industry transition to green steel

Cooperation to accelerate deployment of LanzaTech’s commercial carbon recycling technology for iron and steel industry and expand ecosystem of partners

CHICAGO, June 27, 2023 (GLOBE NEWSWIRE) -- Primetals Technologies, Limited and LanzaTech Global Inc. (Nasdaq: LNZA), a leading carbon capture and utilization company, today announced the signing of a renewed ten-year cooperation agreement to accelerate the deployment of integrated environmental solutions for the steel industry worldwide.

Primetals Technologies builds on over 60 years of innovation in metals production and leverages the combined portfolio of predecessors Mitsubishi-Hitachi Metals Machinery and Siemens VAI, founded in 1938. Today, Primetals Technologies represents one of the longest standing global suppliers bringing new technology to the steel sector. LanzaTech’s commercialized carbon recycling platform takes emissions from heavy industry, including from the steel industry, and transforms them into the building blocks to make fuels and chemicals.

The renewed commitment cements a shared strategy for advancing the metallurgy industry’s green transition: Primetals Technologies’s focus on delivering multiple solutions for green steel combined with LanzaTech’s novel carbon capture and utilization (CCU) technology that turns waste to value. Under the previous agreement, the companies worked together on process integration and optimization of transforming steel emissions into commodity chemicals. Through this new ten-year agreement, Primetals Technologies and LanzaTech will enable more projects in the global iron and steel sector to adopt LanzaTech’s carbon recycling technologies.

“There is no single pathway for the steel industry to reduce its emissions, but a range of solutions can play a significant part in meeting national, regional, and even corporate net zero goals,” said LanzaTech CEO Dr. Jennifer Holmgren. “We are delighted to offer a solution at commercial scale today and to be working alongside a sector leader like Primetals Technologies to bring our technology to more industrial players around the world.”

“The steel sector’s goal to achieve net-zero by 2050 depends upon breakthrough CCU technologies as they evolve,” said Dr. Alexander Fleischanderl, SVP and Head of Green Steel at Primetals Technologies. “Even as steel mills transition to new production methods, LanzaTech’s approach can utilize a variety of gas streams without any noticeable alterations to equipment or technology. If a steel plant decides to move on from today’s more carbon-intensive method of production to newer processes, LanzaTech’s technology will still integrate with the resulting new gas streams. This flexibility is tremendously exciting for the future of the industry.”