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

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.

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