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
annually.

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
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Carlos Caminada, Steven Frank

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