ArcelorMittal, Mitsui, Novo, Siemens and Petronas are in line to exit the carbon recycling technology provider, which is set for a Nasdaq listing.

LanzaTech, a US-based carbon capture technology developer backed by corporates ArcelorMittal, Mitsui, Novo, Siemens and Petronas, agreed a reverse merger with special purpose acquisition company (SPAC) AMCI Acquisition Corp II on Tuesday. The transaction will give the combined business a pro forma equity valuation of approximately $2.2bn and it will take the spot on the…

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