News International Sugar Journal

LanzaTech secures $55.8 million to convert carbon monoxide into transport fuels [Registered]

Petronas, the national oil company of Malaysia, along with the Dialog Group and the Malaysian Life Sciences Capital Fund, have joined existing investors in a third round of financing to invest U$55.8 million in LanzaTech for its process conversion technology that converts carbon monoxide into ethanol mediated by a microbe. Bioengineered versions of the microbe can also produce butanol and propanol, two high-energy building blocks for transportation fuels. The novelty of the process is that the feedstock for fuel production is the greenhouse gas. The company has been operating a prototype plant in New Zealand capable of generating 16,000 gallons…

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