LanzaTech to build 200 mil L ethanol from waste gas plant in China.

[JohnWxy]

http://www.stuff.co.nz/business/3915719/Ethanol-from-waste-means-big-dollars-for-firm

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A bacterial process which converts waste gas into fuels is expected to become a "money-spinner" for investors, including The Warehouse founder Stephen Tindall, within three years.

New Zealand-based clean technology company LanzaTech confirmed yesterday it had secured $25 million from investors, spearheaded by venture capital firm Qiming Ventures, to commercialise its waste-gas-to-fuel process.

The biotechnology company will use the cash to build a pre-commercial plant at a Baosteel steel mill in China, which could be capable of producing 200 million litres of ethanol per year from the plant's waste gas.

The investment came on top of $19.3m pumped into the company by a group of investors including US company Khosla Ventures and Mr Tindall's K1W1.

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