Technip energies and lanzatech selected by the us department of energy to receive $200m investment for breakthrough, replicable decarbonized ethylene commercial facility

Houston, march 25, 2024 (globe newswire) -- today, technip energies and lanzatech global, inc. (nasdaq: lnza) were selected by the u.s. department of energy (doe) office of clean energy demonstrations to begin award negotiations for up to $200 million in bipartisan infrastructure law and inflation reduction act (ira) funding as part of the industrial demonstrations program (idp). the project secure – standing for sustainable ethylene from co2 utilization with renewable energy – aims to develop a transformational technology to produce sustainable ethylene from captured carbon dioxide (co2).
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