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Before she became the chief executive officer of LanzaTech, one of the first generation of companies working on carbon capture and conversion technologies, Jennifer Holmgren was the general manager of the Renewable Energy and Chemicals business at UOP (which stands for Universal Oil Products).
That division of Honeywell, the $115 billion dollar industrial conglomerate, was responsible for developing most of the early alternative fuels for the aviation industry and reflects Holmgren’s longtime interest in making existing chemicals and fuels more sustainable.
Now the world is on the precipice of climate disaster and companies that provide alternative, zero carbon sources of fuel and feedstock for chemicals are front and center in the fight to mitigate the worst impacts of global warming.
Or are they?
The suffering caused by the global COVID-19 pandemic has sent the global economy into a tailspin and has reshaped vast swaths of the global economy and the oil industry is no different. Demand for oil has cratered and new work patterns have remade cities in a less energy intensive ways. In Europe, coming legislation will force countries to further decarbonize.
So where does this leave the energy industry and alternative sources of fuels that are based on …
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