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Lanzatech Borrows $15 Million to Turn Waste Gases Into Fuel

Oct. 3 (Bloomberg) -- Lanzatech NZ Ltd., an Aukland-based biotechnology company, received a $15 million loan to develop transportation fuels and chemicals from waste industrial gases.

Western Technology Investment, a Portola Valley, California-based venture capital company, provided the financing, closely held Lanzatech said today in a statement.

The loan follows the $55.8 million Series C financing round Lanzatech closed in January, led by the Malaysian Life Sciences Capital Fund LP, and brings the company’s total funding to more than $100 million, according to the statement.

Link to Statement:{NSN MBBD803V7U9U <GO>}

Link to Company News:{0122579D US <Equity> CN <GO>} Link to Company News:{3558355Z US <Equity> CN <GO>}

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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