Deals
LanzaTech Gets Malaysia Investors for Waste Gas-to-Fuel Process
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LanzaTech NZ Ltd., a closely held developer of transportation fuels and chemicals from waste industrial gases, completed its third venture funding round and may begin preparations for an initial share sale later this year, according to chief executive officer Jennifer Holmgren.
The company’s $55.8 million Series C financing round was led by the Malaysian Life Sciences Capital Fund LP, and proceeds will fund development of new chemicals, LanzaTech said in an e-mailed statement. The chemicals it’s working on can be used to make rubber, paints and other products or processed into hydrocarbon fuels such as gasoline, diesel and jet fuel, Holmgren said in a telephone interview.