Carbon capture and transformation (CCT) company LanzaTech announced today a funding partnership with clean energy investor Brookfield Renewable, aimed at financing the development of commercial scale production plants for the transformation of carbon into materials such as sustainable fuels, fabrics, packaging.
Under the new partnership, Brookfield will invest an initial $500 million for the construction and operation of new CCT projects, with funding to be provided through Brookfield’s inaugural net zero-focused impact fund, the Brookfield Global Transition Fund. Brookfield will also invest $50 million in LanzaTech to support further corporate development.
Brookfield launched the net zero transition-focused fund last year, and in June 2022 announced its final close, raising $15 billion, making it the largest private equity fund raised to date dedicated to facilitating the global transition to a net-zero carbon economy.
Read more: ESG today
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