- Category: Asia
18 Oct 2012
- Published on Thursday, 18 October 2012 13:22
- Hits (1186)
LanzaTech, a New Zealand-based low-carbon fuels producer, and Petronas, Malaysia’s national oil company, have teamed up to accelerate the development and commercialization of technologies for making sustainable chemicals from carbon dioxide and natural gas.
The deal will allow LanzaTech to turn Petronas’ petroleum waste into high-value chemicals using gas fermentation technology. This process primarily converts carbon monoxide in industrial waste gases, reformed natural gas and gas derived from any biomass source, into low-carbon fuels and chemicals.
It “provides a route from waste gases and solids to valuable fuel and chemical products, reusing carbon along the way to minimize environmental impact,” LanzaTech said.
The agreement will extend this technology by including carbon dioxide that contains gases from a variety of sources, such as refinery off gases and natural gas wells and produce acetic acid, a high-value chemical used in polymers and plastics.
"Rather than trying to sequester carbon deep into the earth, we will 'bury' it in a chemical. In this way, companies can not only comply with emissions reduction requirements, but also generate revenue along the way," stressed LanzaTech chief executive, Jennifer Holmgren.
By changing the way we deal with carbon dioxide waste, the two companies could substantially impact the future of carbon capture, according to Ms. Holmgren.
The collaboration strengthens the relationship between the two companies built earlier this year, when Petronas’ venture arm invested in LanzaTech’s Series C round.
"This is a natural extension of LanzaTech's core gas fermentation technology and it is a natural fit with Petronas' commitment to achieving a sustainable future for all," said Haida Shenny Hazri, chief executive of Petronas Technology Ventures. – EcoSeed Staff