CHICAGO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- LanzaTech NZ, Inc. (“LanzaTech”), an innovative Carbon Capture and Transformation (“CCT”) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, and Sumitomo Riko Company Limited, today announced they have entered into a joint-development agreement to reuse rubber, resin and urethane waste for the production of a key chemical intermediate, isoprene.
Isoprene is produced by plants, and along with its polymers, is the main component of natural rubber. Natural rubber is widely regarded as more eco-friendly than synthetic rubber from virgin fossil inputs, but without strong sustainability certification and audits, the impact of harvesting natural rubber from trees has been linked in some cases to deforestation, biodiversity loss and soil erosion. In addition, much like other agriculturally based industries, climate change and disease can severely impact production.
“This exciting partnership with Sumitomo represents an opportunity to make a significant positive impact on the production of rubber,” said Jennifer Holmgren, Chief Executive Officer, LanzaTech. “Thanks to increasing demand across multiple sectors, including medical and automotive, the global isoprene market is projected to be worth around US $4 billion by 2025. We need new sustainable pathways for the production of rubber, to avoid any impact on land and biodiversity. To be able to make isoprene directly from waste rubber and other waste resources is truly groundbreaking, will keep fossil carbon in the ground and will enable domestic, sustainable production of this key raw material around the world.”
“As we aim to be a sustainable company, we see a vast potential to recycle and reuse our waste materials,” said Kazushi Shimizu, President & CEO of Sumitomo Riko Company Limited. “Approximately 46,000 tons of natural and synthetic rubber are used in our leading rubber products annually, making rubber one of our most important raw materials. A large amount of rubber waste is also produced from the manufacturing process as well as extracted from used automobile parts. Our joint development with LanzaTech aims to recycle rubber waste directly into a substitute for natural rubber.”
Using synthetic biology for this new path to isoprene, LanzaTech’s nature-based platform, has the potential to produce a new sustainable source of rubber through recycling, without losing any material integrity.
“Together with Sumitomo, we aim to create a sustainable supply chain, that enables not only circularity but keeps our forests and planet healthy,” said Holmgren. “We need multiple pathways to succeed in producing the key materials in our lives, and we are delighted to be working on isoprene production with Sumitomo.”
Sumitomo Riko Company Limited
Founded in 1929, Sumitomo Riko is a manufacturing company headquartered in Nagoya-shi, Aichi, Japan. We changed our name from Tokai Rubber Industries, Ltd. in 2014. In the field of “Automotive (Mobility)”, we manufacture anti-vibration rubber parts, in which we have a leading global share, as well as rubber and resin hoses, urethane sound controlling & insulation products, and interior equipment. We are also applying the technologies we have accumulated in automobile parts development to expand our business in the fields of “Infrastructure and Housing environment”, “Electronics”, and “Healthcare”. Utilizing our global network in more than 20 countries, we aim to be a “Global Excellent Manufacturing Company” that contributes to the safety, comfort, and environment of people worldwide.
LanzaTech
Headquartered in Skokie, Ill., LanzaTech transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products. Using a variety of waste feedstocks, LanzaTech’s technology platform highlights a future where consumers are not dependent on virgin fossil feedstocks for everything in their daily lives. LanzaTech’s goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy where carbon is reused rather than wasted, skies and oceans are kept clean, and pollution becomes a thing of the past.
https://lanzatech.com/
Forward-Looking Statements
This press release includes forward-looking statements regarding LanzaTech based on the beliefs and assumptions of its management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. You should not put undue reliance on these statements, which speak only as of the date hereof. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Media Contact - LanzaTech
Freya Burton, Chief Sustainability Officer
LanzatechPR@icrinc.com
Investor Relations Contact - LanzaTech
Omar El-Sharkawy
Director, Corporate Development
LanzatechIR@icrinc.com
Sumitomo Riko
product.info@jp.sumitomoriko.com
