Carbon Smart™

2018 LanzaTech. All rights reserved.

Gas Fermentation: A carbon recycling pathway

Sangeet Jan2018 LanzaTech. All rights reserved.

Carbon Smart™

Energy can be Carbon Free

Aviation Fuel needs Carbon

Chemicals for Everyday Products

need Carbon

Carbon Smart™

Recycling Carbon

Industrial Off GasBiomass, MSW Syngas

Gas Feed

StreamCompression Fermentation Recovery Product

Tank

ProprietaryMicrobe

Carbon Smart™

Recycling Carbon

Industrial Off GasBiomass, MSW Syngas

Gas Feed

StreamCompression Fermentation Recovery Product

Tank

ProprietaryMicrobe

Fuel, Chemicals & Food

Carbon Smart™

Carbon Smart™

August 2016 Ground Breaking

May 2018 Start‐Up 

May 2017 Reactor Construction 

Carbon Smart™

Compelling Project Economics at 1st Commercial Plant

Production Levels that Enable Profitability 

CapEx per Gallon of ~$3.25

Payback Period ~3 Years

GasBTU Value

Carbon Smart™

Ease of fun

ding

Evolution

Applied R&D

Engineering Development

Pilot and Demonstration

Discovery

Diffusion

Adapt and adopt from others

Continuous improvement at scale

Crossing the Valley of Death

First Commercial

Carbon Smart™Multiple demo plants at various scales; over 80,000 operating hours

Shanghai, ChinaQ1 2012300 MTA

JapanQ4 201415 MTA

Kaohsiung, TaiwanQ1 201430 MTA Glenbrook Pilot

Auckland, NZ2008

15 MTA

Caofeidian, ChinaQ1 2013300 MTA

Freedom PinesSoperton, GA

2015

Path to Commercial Scale

Lab Pilot Demo Commercial

Carbon Smart™

Steel Pilot Plant 1Nov. 2008Auckland, NZ

Carbon Smart™

Steel Demo Plant 1March 2012Baoshan, China

Carbon Smart™No Carbon Left Behind™

Steel Demo Plant 2Dec. 2012Caofeidian, China

Carbon Smart™13

Steel Pilot Plant 2March 2014Kaohsiung, Taiwan

Carbon Smart™ 1

MSW Pilot PlantNov. 2014Yorii, Japan

Carbon Smart™

Carbon Smart™

IndianOil Corporation (IOC): Refinery Off Gas Project Summary

Panipat Refinery34k MTA2019

>50% C in Ethanol from CO2

Carbon Smart™

China48k MTA2018

Belgium62k MTA2019

Industrial Off Gases

South Africa52k MTA 2019

India34k MTA2019

Carbon Smart™

Gasification and Fermentation

ProprietaryMicrobe

Gas Feed

Stream

CompressionFermentation

Recovery ProductTank

Gas Clean UpGasification

Variety of Feedstocks Successfully Demonstrated with Integrated Gasification Unit

UnsortedUnrecyclable

MSW

Biomass Residues

Carbon Smart™

35k MTACaliforniaBiomass Syngas

2019

20k L/ADemonstration

JapanUnsorted MSW Syngas

2013-2017

Carbon Smart™

Integrated Demonstration UnitPlasma gasifier directly connected to LanzaTech fermentation unit.

24/7 continuous production, 120 daysBiomass gasificationSyngas catalytic treatmentGas fermentation to ethanol

Validated expected commercial performanceYield of > 100 gallons per bone dry metric tonne

Waste Biomass to Ethanol

Carbon Smart™

Integrated, Stable Production over 40 Days

Carbon Smart™

Feedstock FlexibilityProven Feedstocks

Integrated Demonstration Unit

Proven Integration Using a Variety of Waste and Residue Feedstocks

Almond Wood Pistachio Shell Walnut WoodWalnut ShellAlmond Shell

Small Scale Integration

Pine Guayule Corn stover Flooring Waste

Carbon Smart™

LanzaTech-Sekisui MSW EthanolDemonstration 2014-2017

15 MTASlip stream of commercial, gasifier operated to produce syngas for electricity production

Carbon Smart™

Consistent Performance Through Sequential Campaigns at MSW Pilot Plant

Demonstrated 90% water recycle Low

environmental footprint

1.0

1.2

1.4

1.6

1.8

2.0

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14

H2:CO

 Ratio

Time (days)

0%10%20%30%40%50%60%70%80%90%

100%

5 10 15 20

Prod

uct S

electiv

ity (%

)

Time (days)

Ethanol Acetate 2,3‐BDO Biomass

0%10%20%30%40%50%60%70%80%90%

100%

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Gas Utilization (%

)

Time (days)

Highly Consistent Ethanol Production Performance Within and Across Campaigns

Highly Robust Process in Face of a Fluctuating Syngas

Stable ethanol selectivity at 95%

Gas utilization above target

Carbon Smart™

SteelFerro-Alloy

50B gpy

Refining3B gpy

MSW26B gpy

Biomass Residues400B gpy

Local Input Global Impact

Potential Impact, Gas Fermentation

Significant Global Potential

Totals/year Relative to Today

480B Gallons ~35% of transport fuel

705M Cars off the road ~75% of passenger cars

2.6M mt CO2 ~7% of Global CO2

Carbon Smart™

Recycling Carbon to Ethanol

Gas Feed

StreamCompression Fermentation Recovery Product

Tank

ProprietaryMicrobe

Ethanol

Excellent SubstrateBuilding Block of the Future

Carbon Smart™

Making Chemicals“hardware” “software”

Optimizestrain

performance

Expandproductrange

Ethanol & 2,3‐BDO

Ethanol onlyImproved efficiency & stability

New product: AcetoneNew product: IPANew product: etc

Microbe 1.0(Native microbe)

Microbe 1.1(Improved microbe)

Microbe 2.0(Enhanced microbe with existing pathways)

Microbe 3.0(Synthetic microbe with designer pathways)New product: Higher alcohols Any product

Carbon Smart™

“…we are already seeing the consequences of 1°C through more extreme weather, rising sea levels and diminishing Arctic sea ice…”

Panmao Zhai, Co-Chair of IPCC Working Group I.