New Zealand-based clean technology company LanzaTech has attracted US$18M Series B financing from investors led by China focused venture capital firm Qiming Ventures.
LanzaTech uses proprietary bacteria to convert industrial waste gases into fuels and chemicals. The financing follows LanzaTech’s signing with Baosteel, China’s largest steel and iron conglomerate, and the Chinese Academy of Sciences (CAS) to commercialize its technologies for producing ethanol from steel mill off gases.
Gary Rieschel, Founder and Managing Director of Qiming, says Lanzatech represents a great opportunity for China.
Source: http://www.lanzatech.co.nz/?t=8&view=1&newsId=15
China, an up and coming market, is setting its eyes on LanzaTech due to the significance of its unique technology – using bacteria to convert waste gas to low cost liquid biofuel.
The 5th BTL and Bio-Based Chemicals is proud to welcome Dr. Sean Simpson, Co-Founder/Chief Scientific Officer of LanzaTech NZ, to Rotterdam to speak on how they add value to effluent/ waste from industries – in this case steel mill gases, ie, using a microbial process for the production of liquid biofuels and high value chemicals.
The 2-day conference will also feature talks on BTL technology innovations and new projects.
For a full program agenda on the conference, click here or email Ms Reema Patnaik at reema@cmtsp.com.sg
