Malaysian oil company Petronas has agreed to work with technology company LanzaTech to
accelerate the development and commercialization of
technologies to produce sustainable chemicals from carbon
dioxide (CO2) and natural gas, the firms said on Monday.
The companies said the agreement blends Petronas' deep
experience and assets in the petroleum industry with
LanzaTech's gas fermentation technology to create an economical
and sustainable source of high-value chemicals.
LanzaTech's fermentation process converts carbon monoxide (CO) in industrial
waste gases, reformed natural gas and gas derived from any
biomass source, into low-carbon fuels and chemicals.
In this collaboration, the firms say they will work together
to extend the technology to include carbon dioxide
(CO2) containing gases from several sources, including refinery off gases and natural gas
wells, to produce acetic acid.
Petronas and LanzaTech have the ability to
significantly impact the future of carbon capture by
fundamentally changing the way we deal with waste CO2," said
LanzaTech CEO Jennifer Holmgren.
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.