Radio New Zealand - Te Reo Irirangi o Aotearoa
27 May 2012 - 7:12 pm NZ time
Listen live or
listen again here
More funding secured by LanzaTech
Updated at 12:12 pm on 24 January 2012
LanzaTech has secured another $US56.8 million in new funding to speed the development of a process that turns industrial waste into fuel.
Malaysian Life Sciences Capital Fund and Petronas, the national oil company, were among investors in the latest round.
Lanzatech has raised more than $US85 million so far.
The company uses a proprietary fermentation process to convert gases into fuels and chemicals.
LanzaTech expects to start producing ethanol from steel waste gas at a demonstration plant in China later this year and is developing other facilities in India and the United States.
Copyright © 2012, Radio New Zealand
Top Stories
More News
- National
- Christchurch Earthquake
- Pike River Mine
- World
- Political
- Budget 2012
- Te Manu Korihi
- Regional
- Business
- Rural
- Rena Disaster
- Sport