10 Jul 2010

Government applauds China science deal

5:01 pm on 10 July 2010

The Government is applauding a partnership between a New Zealand company and China's biggest steel producer.

Auckland technology company Lanzatech last month forged an agreement with BaoSteel to convert its toxic carbon monoxide gases into ethanol fuel.

Parnell-based Lanzatech's fermentation technology, which uses bacteria to turn the carbon monoxide into ethanol, was developed using more than $12 million dollars of Government grants, matched by private investment.

Research Science and Technology minister Wayne Mapp says the contract is exactly the sort of business deal the Government wants to encourage.