Shougang LanzaTech Partners With Sinopec Units on Aviation Fuel Project

MT Newswires Live10-13

Beijing Shougang LanzaTech Technology (HKG:2553) signed a framework agreement with two Sinopec (HKG:0386, SHA:600028) units to develop a sustainable aviation fuel facility in Shizuishan, China's Ningxia region, with an annual production capacity of 50,000 tonnes.

Under the agreement, Sinopec Research Institute of Petrochemical Processing and Sinopec Ningbo Engineering will work with LanzaTech to produce aviation fuel from ethanol derived from industrial waste gases, according to a Monday bourse filing.

The companies will also develop technologies to convert carbon dioxide into ethanol and explore the production of green ethanol and bio-based materials, including ethylene.

The stock was up almost 2% in midday trading on Tuesday.

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