LanzaTech

LanzaTech is a global leader in gas fermentation technology developing a carbon capture technology that can turn waste streams into ethanol that can be used for chemicals and fuel.

LanzaTech produces next-generation “advanced” fuels by recycling waste industrial gases like those produced from steelmaking and other heavy industrial processes.

LanzaTech was founded in New Zealand in 2005, by Dr. Sean Simpson, Dr. Richard Foster. The company is headquartered in Stokie, Illinois, with offices in Auckland, New Zealand and Shanghai, China.

 

LanzaTech already has a commercial manufacturing facility in China, attached to a steel plant operated by the Shougang Group, which produces 16 million gallons of ethanol per year.

 

LanzaTech’s technology pipes the waste gas into a fermenter, which is filled with genetically modified yeast that uses the carbon dioxide to produce ethanol. Another plant, using a similar technology, is under construction in Europe.

 

LanzaTech, through a partnership with Indian Oil, is working on a third waste gas converted to ethanol using a different waste gas taken from a Hydrogen plant. The company has also inked early deals with airlines like Virgin in the U.K. and ANA in Japan to make an ethanol-based jet fuel for commercial flight. 

 

LanzaTech is backed by Novo Holdings, Mitsui & Co., Suncor Energy, Siemens, ArcelorMittal, CICC, Khosla Ventures, Qiming Venture Partners, K1W1, and others. The company raised $30M in a new round on Dec 10, 2021. This brings LanzaTech's total funding to $310.4M to date.

 

 

  • Year founded: 2005
  • Funding Info: $310.4M over 10 Rounds (Latest Funding Type: Undisclosed)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at nearly $1B as of August 06, 2020
  • City/Town: Skokie
  • State: Illinois
  • Country: United States
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