Woodside Energy (ASX: WDS) and LanzaTech NZ, Inc. (“LanzaTech”), a US-based carbon capture and transformation company, have announced a strategic collaboration with the signing of a Strategic Framework Agreement.
In conjunction, Woodside has entered into a Subscription Agreement for a USD $50,000,000 investment in the common stock private investment in public equity (“PIPE”) of AMCI Acquisition Corp. II (“AMCI”) (Nasdaq: AMCI), with which LanzaTech is expected to merge in a previously announced business combination transaction.
Earlier this month Brookfield Renewables announced a USD $500,000,000 investment in LanzaTech.
Under the Strategic Framework Agreement, Woodside will, in collaboration with LanzaTech and subject to a positive final investment decision, design, construct, own, maintain, and operate pilot facilities relating to LanzaTech’s technologies. The Strategic Framework Agreement also allows Woodside and LanzaTech to explore opportunities for the potential commercial scale-up of LanzaTech’s technology.
You can find the complete news release here.