“I’m leading a transformative company in an industry that needs to be transformed. Instead, Holmgren prefers to focus on the current moment. “When it comes to the phrase ‘woman CEO,’ I have to totally forget about it so it doesn’t bog me down.” “Every time I sit at a table, I have to prove myself,” she acknowledged. It has to be done by a consortium of partners," she told us.īecause the SPAC deal was announced on March 8, International Women’s Day, we asked Holmgren how it feels to helm LanzaTech as a CEO who happens to be a woman. “Doing hard things can’t only be done by an individual or a company. Holmgren, who was recently named one of 25 leading women shaping climate action and who was previously named the world’s most compassionate businesswoman, puts a lot of stock in collaboration. It takes a village (of people and microbes) Right now, LanzaTech is working to make acetone and isopropanol, which should be ready in 2023. Instead of making polyester, we can make acrylic.” For example, Holmgren said, “instead of just making polyethylene, we can make polypropylene. To that end, the company will start building out the “portfolio of molecules” at its disposal by genetically modifying ethanol. "If I can convince people that you can make money while reducing carbon emissions, I think that helps a lot.” “The future is not obscene capitalism," she added. Holmgren believes LanzaTech’s model presents a win-win solution that addresses the shortcomings of our consumption-fueled capitalist economy, which she said is badly “in need of climate justice," and gives hope “to those who understand just how bad the climate crisis really is.” But where others see a dire choice, LanzaTech sees a trillion-dollar opportunity.” Humans will either be part of it, or the planet will go on without us. It’s time.” What’s next for LanzaTechĪs the no-nonsense message on LanzaTech’s websitestates: “It’s not a debate. “We’ve been much more methodical than other companies in our sector that went public before they got their first commercial plant running,” Holmgren told 3p. The company has two commercial plants with bioreactors and another seven in the pipeline. Holmgren said she is excited about the visibility going public will bring LanzaTech now that it has shown how its technology can work at scale. to convince people we’ve got your feedstock for production of consumer-grade materials, and that we’ve made it from waste.” “Our technology is one platform that we’ve optimized. “It’s really been a case of convincing people what’s possible,” Holmgren said of the company’s business model. Ethanol is a basic building block of many materials, and LanzaTech and partners have already leveraged it to make sustainable jet fuel a reality and put renewable yoga pants on the market. The company’s plants feature bioreactors where microbes use waste carbon monoxide and carbon dioxide, siphoned from steel mills or captured from municipal solid waste, to make a proprietary blend of ethanol it brands as Lanzanol. During the last few years, the 17-year-old company has achieved proof of concept for how its gas fermentation process can create “a future where consumers are not dependent on virgin fossil feedstocks for everything in our daily lives.” LanzaTech is based in Skokie, Illinois, and works with partners around the world, including in Japan, China and India. ‘It’s time’ for LanzaTech, for the economy and for the climate crisis Jennifer Holmgren about what brought the carbon emissions recycling company to this moment, how her team is closing supply chain loops for a more circular, “carbon-smart” economy, and what LanzaTech has planned for the future. TriplePundit recently spoke with LanzaTech CEO Dr. The deal is expected to close in the third quarter of 2022. II in a SPAC deal, valued at $2.2 billion, to become a publicly traded company. LanzaTech, which recycles carbon emissions into fuels and textiles, recently announced that it will merge with AMCI Acquisition Corp.
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