New Zealand biotechnology company Lanzatech has signed an agreement to strengthen its ties to China.
Lanzatech has developed a technology which ferments waste gases and turns them into low carbon fuels, like ethanol.
The system is already used at Glenbrook Steel Mill in New Zealand and by China's largest steel and iron company Baosteel.
Lanzatech has formed a joint venture company with China's Shougang Group and New Zealand's TangMing to develop a demonstration plant at the Shougang steel mill.
The company's chief scientific officer, Sean Simpson, says China produces half the world's steel and it's the logical place to commercialise the technology.
