LanzaTech Getting $46 Million From China Steel Corp. for Plant

(Bloomberg) — LanzaTech Inc., a closely held developer of
fuels and chemicals from waste gases, is receiving $46 million
from China Steel Corp. to support building a plant in Taiwan

Construction of a facility initially capable of producing
17 million gallons (64 million liters) of low-carbon ethanol per
year is scheduled to begin in the fourth quarter, the Skokie,
Illinois-based company said in a statement Wednesday. The
factory may be expanded to produce as much as 34 million gallons

LanzaTech, which already operates a demonstration facility
in Taiwan, uses proprietary microbes to capture and reuse waste
gases, reducing emissions from processes including steel
manufacturing, according to the statement.

“We need to keep fossil resources in the ground, and
carbon recycling is one way we can achieve this,” LanzaTech
Chief Executive Officer Jennifer Holmgren said in the statement.

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Carlos Caminada, Steven Frank

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us