Skokie, IL, – October 24, 2023 – LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable raw materials, and Olayan Financing Company (OFC), the parent company of The Olayan Group’s businesses and investments in Saudi Arabia and the Middle East,  have formed a joint venture company in the Kingdom of Saudi Arabia (KSA) to accelerate the commercial deployment of LanzaTech’s carbon recycling technology in hard-to-abate industries within the Kingdom.  The joint venture will deploy and develop projects utilizing LanzaTech’s carbon recycling technology within KSA and selectively across the broader Middle East. Focusing on a region with strong decarbonization goals, this partnership intends to enable LanzaTech to deploy its commercial technology more quickly and broadly across multiple sectors using a range of waste carbon feedstocks, including waste industrial gases…

Olayan Financing Company among 16 other Saudi companies invited to bid at second auction held by Saudi PIF’s RVCMC NAIROBI, KENYA – 14 June 2023: Olayan Financing Company participated and purchased in the second Regional Voluntary Carbon Market Company’s (RVCMC) carbon credit auction, held from 13 to 14 June 2023 in Nairobi, Kenya. The auction marked a significant milestone, with over 2 million tons of high-quality, CORSIA-eligible, and Verra-registered carbon credits auctioned to more than 15 companies from Saudi Arabia, including Olayan Financing Company. By acquiring these credits, Olayan Financing Company strengthens its ability to offset its carbon emissions and actively supports the worldwide Net Zero agenda. Emphasizing the importance of the occasion, Nabeel Al-Amudi, CEO of Olayan Financing Company, said: “We firmly believe that as a leading private sector…

Olayan Saudi Holding Company and SCCC Alibaba Cloud Sign MoU to Explore Investment Opportunities and Offer Cloud Services in Saudi Arabia Riyadh, Saudi Arabia – 08 January 2023: The Olayan Saudi Holding Company (OSHCO) signed a memorandum of understanding (MoU) to establish a strategic partnership with the Saudi Cloud Computing Company (SCCC Alibaba Cloud), Saudi Arabia’s first and largest hyperscaler cloud service provider. The partnership aims to identify promising investment opportunities and provide public cloud computing services in the Kingdom. The MoU was signed by Eng. Talal Albakr, the Chief Executive Officer of SCCC Alibaba Cloud, and Uwaidh Al-Harethi, his counterpart at OSHCO, with officials from both sides present. Mr. Albakr hailed the key role that cloud computing plays in the Saudi government’s strong drive for digital transformation and for…