LanzaTech, a carbon capture and utilization (CCU) company, entered into a strategic framework agreement with Australian energy developer Woodside Energy. 

Under the agreement, LanzaTech and Woodside will collaborate to design, construct, own, maintain, and operate pilot facilities relating to LanzaTech’s proprietary technologies. The two companies will also explore and develop innovative products produced from CO2 emissions.

As part of the agreement, Woodside entered into a subscription agreement for a USD 50 million investment in the common stock private investment in public equity (PIPE) of AMCI Acquisition Corporation II, with which LanzaTech is expected to merge in a previously announced business combination agreement. Following the transaction, the combined company expects to be listed on Nasdaq.

Analyst QuickTake: LanzaTech had previously partnered with Woodside and another carbon utilization startup ReCarbon to examine the feasibility of building a CCU facility in Perth, Australia in March 2022.