New Zealand SuperAnnuation Fund Invests on LanzaTech
December 10, 2014https://gigaom.com/2014/12/08/new-zealand-fund-invests-60m-into-biofuel-startup-lanzatech/
| |
The New Zealand SuperAnnuation Fund has invested $60 million into LanzaTech, which uses microbes to turn industrial waste into biofuels. LanzaTech plans to have its first commercial plant in operation in 2016. Other investors in LanzaTech include Khosla Ventures, Mitsui, Siemens, CICC Growth Capital Fund I, Qiming Venture Partners, K1W1 and the Malaysian Life Sciences Capital Fund.
LanzaTech developed genetically modified microbes that eat waste gases produced in industrial processes. The microbes digest these gases and produce various biofuels which can then be sold or used. LanzaTech has been working with Chinese steel manufacturers Baosteel and Capital Steel and Chinese coal producer Yankuang Group to commercialize its technology.
If the technology works at scale, it could be a powerful tool to help clean up toxic gases from power plants and factories.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- Biotech Scientists Win in IQ2 Debate on GMOs
- Podborer-resistant Cowpea Poses No Threat to Biodiversity – Scientists
- Scientists Discover Four-Stranded Elements of Maize DNA
- New Cotton Genome Released to Public
- India's Environment Minister Gives Green Signal to Field Trials of GM Crops
- Vietnamese Farmers Forum on Biotech Crops
-
Research Highlights
- Marker-Assisted Introgression in Developing Vitamin A Enriched Maize
- DUF642 Proteins Involved in Seed Germination in Arabidopsis
- Gene for Limiting Arsenic Accumulation in Plants Revealed
-
From the BICs
- IndoBIC Concludes Seminar on Biotech Potato
- UBIC Organizes Regional Fora on Modern Agro-Biotech Research in Uganda
-
Announcements
- ICAB 2015
- The Plant Genomics Congress
-
Resources
- Global Risks of Rejecting Agricultural Biotechnology
- Genetically Engineered Crops in Developing Countries
-
Read the latest: - Biotech Updates (April 17, 2024)
- Gene Editing Supplement (April 10, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet