Skokie’s LanzaTech to lay off 44 and downsize, despite honors for innovation

Skokie’s LanzaTech to lay off 44 and downsize, despite honors for innovation – Chicago Tribune/Yahoo

LanzaTech was founded in New Zealand and has headquartered in Skokie since 2014 in the Illinois Science + Tech Park, according to previous reporting. The company’s SEC filing said it “transforms waste carbon into the chemical building blocks for consumer goods such as sustainable fuels, fabrics, and packaging that people use in their daily lives.”

Skokie’s LanzaTech to lay off 44 and downsize, despite honors for innovation

Skokie-based clean energy company LanzaTech Global, Inc., which has been heralded in TIME magazine and by Prince William’s global environmental competition, plans to lay off 44 of its 383 employees in the first two weeks of June, per state of Illinois filings. The move comes as operating expenses rise but revenues fall, per quarterly reports to the Securities and Exchange Commission, and as the company plans to halve its rented space at Skokie’s…