Slide 1: Limitless Potential: Creating a New Carbon Economy
Jennifer Holmgren Limitless Potential: Creating a New Carbon Economy 1©2023 LanzaTech, Inc. All rights reserved
Slide 2: Disclaimers
2 Disclaimers Certain statements in this presentation (the "Presentation") may be considered forward-looking statements. Forward-looking statements generally relate to future events or LanzaTech Global, Inc.'s (the "Company") future financial or operating performance. For example, statements concern
Slide 3: Captures and Transforms carbon
Captures and Transforms carbon
Slide 4: From waste . . .
From waste . . .
Slide 5: ... to products
... to products LanzaTech
Slide 6: LanzaTech's Transformation Process
LanzaTech’s Transformation Process CLEAN UPCOMPRESSION SEPARATION STORAGE FERMENTATION INDUSTRIAL OFF-GAS ELECTROLYSIS & DIRECT AIR CAPTURE FUELS MATERIALS PROTEIN AGRICULTURAL & MUNICIPAL WASTE GASIFICATION THE LANZATECH PROCESS 6
Slide 7: China 46k MTA Steel Mill Emissions
7 China 46k MTA Steel Mill Emissions Commercial Operation since 2018 7
Slide 8: China 46k MTA Ferroalloy Emissions
8 8 China 46k MTA Ferroalloy Emissions Commercial Operation since 2021
Slide 9: China 60k MTA Ferroalloy Emissions
9 9 China 60k MTA Ferroalloy Emissions Commercial Operation since 2022
Slide 10: 1st Refinery Gas to Ethanol Project in the World
1st Refinery Gas to Ethanol Project in the World 1st Project in India 1st Project to use CO2 as a Feedstock
Slide 11: In Commissioning 1st Ethanol Produced
In Commissioning 1st Ethanol Produced
Slide 12: China 60k MTA Ferroalloy Emissions, Expected Q2 2023
12 China 60k MTA Ferroalloy Emissions Commercial Operation Expected Q2 2023
Slide 13: First European Plant, Gent, Belgium
CarbonSmart™ First European Plant, Gent, Belgium Belgium 64k MTA Steel Mill Emissions Commercial Operation Expected 2H 2023
Slide 14: Biology Can Do Things No Other Technology Can Do
Biology Can Do Things No Other Human-made Technology Or Chemistry Can Do Operates Across Multiple Scales… Self Replicates & Evolves Complex Function… 14
Slide 15: Fermentation Transforms Chaotic Inputs into Selective Outputs
Fermentation Transforms Chaotic Inputs into Selective Outputs Input: Steel Mill Gas2Input: Municipal Solid Waste1 1Köpke & Simpson (2020) Curr Opin Biotechnol 65: 180-189; 2Fackler, […] Köpke (2021) Ann Rev Chem Biomol Eng 12: 439-470 15
Slide 16: Japan Syngas from MSW Pilot Operations
16 Japan 15 TPA Syngas from MSW Pilot Operations since 2013
Slide 17: Japan Syngas from MSW Pre-Commercial Operations
17 Japan 500 TPA Syngas from MSW Pre-Commercial Operations since 2022
Slide 18: Canada Syngas from Biomass Pre-Commercial Operations
Canada 300 TPA Syngas from Biomass Pre-Commercial Operations since 2022
Slide 19: Feedstock Flexibility and Carbon Efficiency
6 CO + 3 H2O à C2H5OH + 4 CO2 3 H2 + 3 CO à C2H5OH + CO2 4 H2 + 2 CO à C2H5OH + H2O 5 H2 + 1 CO + 1 CO2 à C2H5OH + 2 H2O H2:CO Ratio 0:1 1:1 2:1 5:1 Operating at Scale 33.3% 66.7% 100% 100% CO CO + H2 + CO2 CO + H2 CO + H2 6 H2 + 2 CO2 à C2H5OH + 3 H2O 1:0 100%H2 + CO2 Feedstock Flexibility Steel an
Slide 20: CO2 to Ethanol Project with IndianOil
20 CO2 to Ethanol Project with IndianOil 50% Carbon in ethanol directly from CO2 33.5 KMTA Ethanol
Slide 21: Steel Transition: A Technology Today, Ready for the Future
Electrification of heating inputs BOF replaced by Electric Arc Furnaces (EAF) Hydrogen steelmaking process Ethanol Produced CO rich process gases produced Direct Reduced Iron (DRI) gases available Other process gases still produced CO2 + H2 process to capture purified CO2 streams EAF emissions can b
Slide 22: Global Plant Deployment: Operation, Construction, Engineering
Global Plant Deployment: Projects in Operation, Construction, and Engineering Steel and Ferroalloy Gas MSW Refinery Gas Biomass Biogas CO2 +H2 SAF Facility 22
Slide 23: Ethanol: A Starting Point for Multiple Products
Ethanol EthyleneC4-C24 OlefinsParaffins Isoparaffins Ethanol: A Starting Point for Multiple Products Building Block of the Future 23
Slide 24: Sustainable Aviation Fuels Market Opportunity
Coalition Notable Companies Represented SAF Target 10% by 2030 30% by 2030 30% by 2035 Companies Committed Sustainable Aviation Fuels Market Opportunity In order to reach expected 2030 SAF demand, global SAF capacity must achieve an 87% CAGR “SAFs are the only viable near-term option to decrease emi
Slide 25: LanzaJet Turns Carbon Waste to Sustainable Aviation Fuels
25 LanzaJet Turns Carbon Waste to Sustainable Aviation Fuels Water Ethylene Ethanol Jet Diesel Leveraging & Transitioning Existing Ethanol Supply Drop-In Ready – ASTM Approved Industrial Off-Gas MSW Refinery GasBiomass BiogasCO2 +H2
Slide 26: USA 10M GPA Alcohol to Jet
USA 10M GPA Alcohol to Jet Pre-Commercial Operations Expected 2H 2023
Slide 27: Ethanol: A Starting Point for Multiple Pathways
Ethanol EthyleneC4-C24 OlefinsParaffins Isoparaffins Polyethylene MEG PET EVA … and more! Ethanol: A Starting Point for Multiple Pathways Building Block of the Future
Slide 28: Creating the Materials in our Daily Lives
PET ResinPET Fibers Polyethylene EVA Foams Glycols & Surfactants Purified Ethanol Sustainable Aviation Fuel Creating the Materials in our Daily Lives 28
Slide 29: CarbonSmart PET Fibres for Textiles
CarbonSmartTM PET Fibres for Textiles 30% carbon savings Commercially Available 2021-2022 Commercially Available September 2023
Slide 30: CarbonSmart EVA Prototype Running Shoe
CarbonSmartTM EVA Prototype Running Shoe
Slide 31: Complements Existing Recycling Infrastructure
Complements Existing Recycling Infrastructure
Slide 32: Carbon Negative Products Today
LanzaTech Offers Carbon Negative Products Today With Inevitable Improvement Over Time 2.1 -0.2 -0.8 kg C O 2 e/ kg p ro du ct Monoethylene glycol (MEG) As a chemical intermediate Fossil Equivalent2 LanzaTech with renewable energy LanzaTech from offgas Renewable Energy Further reduces carbon intensit
Slide 33: CarbonSmart Pathways to MEG for PET Production
CarbonSmartTM Pathways to MEG for PET Production Ethylene MEGEthylene Oxide PET Paraxylene PTA Ethanol 33 30% carbon savings
Slide 34: We harness biology
We harness biology CONFIDENTIAL 34
Slide 35: Fully Integrated, Multi-Scale Modelling Platform
LanzaTech’s Fully Integrated, Multi-Scale Modelling Platform 35
Slide 36: World-First Anaerobic Biofoundry
LanzaTech’s World-First Anaerobic Biofoundry Modular & Fully Integrated f = = . ” a Transformation —, — Ge Automated Strain Construction | _jAutomated Strain Screening ee . onli ar. 7 e ——=tiquid + ». Handling» 5 A* LanzaTech
Slide 37: Enabling Carbon-Negative Chemical Production from Industrial Gases
CO2 CO Ethanol Isopropanol Acetone Enabling Carbon-Negative Chemical Production from Industrial Gases Source: Liew, et al (2022) Nature Biotechnology 40: 335–344 Reprogrammed LanzaTech Biocatalyst Cell image credit: Justin Muir. Direct Production of Over 100 Chemicals Demonstrated 37
Slide 38: CarbonSmart Pathways to MEG for PET Production
CarbonSmartTM Pathways to MEG for PET Production Ethylene MEGEthylene Oxide PET Paraxylene PTA Ethanol 38 30% carbon savings
Slide 39: PET in the Circular Economy
PET in the Circular Economy 39
Slide 40: Case Study: Ethylene via Ethanol Pathway
Ethanol Ethylene Case Study: Ethylene via Ethanol Pathway • Ethylene is a key building block for PE, MEG, EVA, and surfactants • LanzaTech’s CarbonSmart products are made via dehydration of ethanol to ethylene • Direct production reduces process cost and energy • Global ethylene market1: • 200 MTA i
Slide 41: Continuous ethylene production from CO2
Continuous ethylene production from CO2
Slide 42: What Do You Want To Make Today?
42 What Do You Want To Make Today? Images generated with Biorender.com “Hardware” “Software” Existing Commercial Plants Microbe 2.0 Isopropanol Microbe 3.0 Acetone etc ü Same processü Same feedstockü Same reactor DISRUPTION = 1) Rapid Reaction to Market Fluctuations 2) Feedstock ≠ Commodity New Stra
Slide 43: Providing Solutions To Industry Leaders Across Sectors
Providing Solutions To Industry Leaders Across Sectors Tailored Microbes for Specific Applications Images generated with Biorender.com. Fabrics Chemicals ü Same reactor ü Same feedstock ü Same process Materials Packaging Fragrances 43
Slide 44: Feedstock Flexibility and Carbon Efficiency
6 CO + 3 H2O à C2H5OH + 4 CO2 3 H2 + 3 CO à C2H5OH + CO2 4 H2 + 2 CO à C2H5OH + H2O 5 H2 + 1 CO + 1 CO2 à C2H5OH + 2 H2O H2:CO Ratio 0:1 1:1 2:1 5:1 Operating at Scale 33.3% 66.7% 100% 100% CO CO + H2 + CO2 CO + H2 CO + H2 6 H2 + 2 CO2 à C2H5OH + 3 H2O 1:0 100%H2 + CO2 Feedstock Flexibility Steel an
Slide 45: Electrofuels
Electrofuels carbon-based fuels produced from carbon dioxide (CO2) and water, with electricity as the primary source of energy Power-to-gas Power-to-liquids Power-to-X E-fuels Synthetic fuels
Slide 46: Electrofuels can be carbon neutral
If produced from renewable electricity and direct air capture, electrofuels can be carbon neutral
Slide 47: CO2 functions as a carbon carrier requiring clean energy
Since CO2 has no heat energy, it functions only as a carbon carrier and requires energy from clean sources 1. Add energy (electrolysis) •H2O to H2 •CO2 to CO 2. Conversion Process • Fischer-Tropsch • Methanol intermediate • Gas Fermentation • etc… 2. Convert gases (LanzaTech process) • Commercial •
Slide 48: Two Pathways: CO2 to Products
Two Pathways: CO2 to Products Direct Air Capture Or Point Sourced CO2 LanzaTech Process Concentrated CO2 Concentrated CO Products Electrolysis Green H2Concentrated CO2
Slide 49: Aviation Fuel from Atmospheric CO2
CY G22 Lanzalech AtmosFUEL _@ Virgin — >) Aviation Fuel from Atmospheric CO, atlantic BRITISH AIRWAYS LanzaTech
Slide 50: We should not make our vision just different layers of climate tragedy
“We should not make our vision just different layers of climate tragedy.” Tom Chi 50
Slide 51: New technologies shape our belief of what's possible
New technologies shape our belief of what's possible and drive rapid transformation 51
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Slide 53: Scaling Up, Numbering Up
A Scaling Up Numbering Up | S22222 arto rr te Eth in tt, tn tn J
Slide 54: Crossing the Valley of Death
E as e of fu n d in g Evolution Applied R&D Engineering Development Pilot and Demonstration Discovery Diffusion Adapt and adopt from others Continuous improvement at scale First Commercial Sustainable Enterprise 54 Crossing the Valley of Death
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Slide 56: Project Identification to Commercial Deployment
PROJECT IDENTIFICATION PROJECT DEVELOPMENT Engineering, costing, feedstock and offtake agreements… FINAL INVESTMENT DECISION ENGAGE MULTIPLE FINANCIAL BACKERS 3RD PARTY EVALUATION COMMERCIAL DEPLOYMENT Month 1 Month 4 Month 12 Month 18
Slide 57: Pipeline creation enables multiple deployments at scale
ESTABLISHED DUE DILIGENCE ON TECHNOLOGY COMPLETE MULTIPLE PROJECT REVIEWS IN PARALLEL COMMERCIAL DEPLOYMENT Brookfield Active Partnership Contributors On Path to Final Investment Decision Pipeline creation enables multiple deployments at scale quickly Month 1 PROJECT IDENTIFICATION FINAL INVESTMENT
Slide 58: How long Until Computers Have the Same Power as a Human Brain?
Image courtesy of Pawel Sisiak/AI Revolution. How long Until Computers Have the Same Power as a Human Brain? Moore’s Law: Computer processing power doubles every 18months.
Slide 59: Buckminster Fuller quote
“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” Buckminster Fuller 59
Slide 60: Every waste resource
Every waste resource 60
Slide 61: Including CO2
61 Including CO2
Slide 62: To make everything we need
To make everything we need 62
Slide 63: It's time to rethink carbon
It’s time to rethink carbon
Slide 64: Rethink refining
Rethink refining
Slide 65: Harness clean power
Harness clean power
Slide 66: and biology
and biology
Slide 67: To make everything we need
FUEL BAGS CLOTHES SHOES BUILDING MATERIAL To make everything we need
Slide 68: Where does your carbon come from?
Where does your carbon come from? 68
Slide 69: Welcome to the Post Pollution Future
69 Welcome to the Post Pollution Future