User:Aherthabey/sandbox/lanzatech
Lanzatech
develops and commercializes gas fermentation process that produces fuel. The Company uses microbial catalyst to convert industrial waste gases and biomass syngas into ethanol based products. Lanzatech New Zealand serves customers worldwide.
New Zealand-based LanzaTech NZ Ltd. recently announced it has developed a proprietary fermentation technology that can be used to produce ethanol using the carbon monoxide and hydrogen components of industrial waste gases and biomass-based syngas.
Has been named a Disruptor 50 company by CNBC multiple times.[1]
CEO Jennifer Holmgren
| Company type | Privately held company |
|---|---|
| Industry | Pharmaceutical company |
| Founded | 2005 in Auckland, New Zealand |
| Founders | |
| Headquarters | , United States |
| Brands | crPhage |
Number of employees | 52[3] |
| Website | www |
It was founded in Auckland, New Zealand in 2005. [4] Founders: Dr. Sean Simpson, Dr. Richard Foster[5]
Moved in 2014 to Chicago, IL https://www.nzherald.co.nz/business/lanzatech-quits-nz/MKG354KCFQSLBHAWWUAD7GSERU/
Partnering with Virgin Atlantic
LanzaTech captured carbon-rich waste gases from large industrial operations such as steel plants and used microbes to recycle the waste gas. The company grew steadily since its establishment nine years ago and last week raised $69m in private sector funding.
Lanzatech is the low carbon fuel partner for Sir Richard Branson's airline Virgin Atlantic. In November, the firm became the world's first company to have its jet fuel certified by the Roundtable on Sustainable Biomass.
https://www.hera.org.nz/lanzatech-fish-got-away/
The New Zealand bio fuel R&D start-up which invented a process to convert carbon-rich gases from steel mills to create the ethanol base of their fuel Lanzanol.
The China Baowu Steel Group-Lanzatech partnership was able to produce more than 450,000 litres of Lanzanol per year from a single site in Shanghai, China, which could then be converted to make 225,000 litres of jet fuel
http://stories.worldsteel.org/innovation/low-carbon-jet-fuel-future/
LanzaTech, a Chicago-based company launched in 2005, produces next-generation “advanced” fuels by recycling waste industrial gases like those produced from steelmaking and other heavy industrial processes. The company then takes these waste, carbon-rich gases to make ethanol, which can then be used for a range of low carbon products, including jet fuel.
View the FULL LIST: 2020 DISRUPTOR 50
In early June the company announced the spin-out of LanzaJet to bring sustainable aviation fuel to the commercial market. The new company was started with commitments from Mitsui & Co., the Japanese trading and investment company, and Canadian oil and gas producer Suncor Energy to invest $85 million to back the first pilot and development-scale facilities that LanzaJet will be constructing. The first $25 million of the investment will be used to build a plant that can produce 10 million gallons of sustainable aviation fuel a year, as well as renewable diesel from sustainable ethanol sources.
In August the company raised $72 million from Novo Holdings to help LanzaTech expand its technology. Since the company’s solutions can separate chemicals from commodity price fluctuations, it’s enabling a new way of doing business. For instance, producers of synthetic fibers or plastics who want to use waste as a resource can now react quickly to market cycles when sourcing chemicals from a LanzaTech facility. It also helps these businesses avoid the environmental, economic or social consequences of using fossil fuels.
Founders: Dr. Sean Simpson, Dr. Richard Foster
CEO: Dr. Jennifer Holmgren
Launched: 2005
Headquarters: Chicago
Funding: $278.4 million
Valuation: $440.2 million (PitchBook)
Key technologies: Artificial intelligence, cloud computing, machine learning, nanotechnology, robotics
Industry: Carbon recycling
George Kavallines | CNBC
As global energy demand grows from our increased population, so too does the level of CO2. LanzaTech has the carbon-capture solutions to address this dilemma. The Skokie, Illinois-based company uses microbes and carbon-rich waste gases — including those from the steel industry — to make ethanol. The ethanol can then be turned into chemicals and fuels, including low carbon products like jet fuel.
Read More: FULL LIST 2019 CNBC DISRUPTOR 50
In fact, for the first time, the company and Virgin Atlantic flew a Boeing 747 in October from Orlando to London using LanzaTech's jet fuel, greatly cutting down on the amount of CO2 produced. There have been other developments as well.
In May 2018 the company started its first commercial case by taking the emissions from a Shougang Steel Mill in China and converting it into millions of gallons of ethanol that can later be used as fuel or to make other products that would otherwise come from petroleum. So far, it has produced more than 4 million gallons of ethanol for the Chinese road transport market. And in August it partnered with Indian Oil to set up a pilot plant to convert CO2 to Omega 3 fatty acids. The lipids that result can then be used for medicine, food or fuel. This could save India 1 million metric tons of CO2 a year.
LanzaTech has raised $268 million from venture capital investors, including Khosla Ventures, Mitsui and China International Investment.
References
[edit]- ^ CNBC.com staff (2019-05-15). "LanzaTech 2019 Disruptor 50". www.cnbc.com. Retrieved 2021-06-04.
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{{cite web}}: CS1 maint: url-status (link) - ^ CNBC.com staff (2020-06-16). "43. LanzaTech". CNBC. Retrieved 2021-06-04.
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