LanzaTech Global, Inc. has entered into an agreement to form a joint venture company with Olayan Financing Company (OFC) to advance the commercial deployment of LanzaTech?s carbon recycling technology in industries within the Kingdom of Saudi Arabia (KSA). The agreement establishes a 50-50 joint venture structure to explore the deployment of commercial-scale ethanol production facilities in KSA on an exclusive basis and in the broader Middle East region on a mutually-agreed basis.
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