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LanzaTech

LanzaTech

A New Zealand industrial biotechnology company developing a gas fermentation platform for converting concentrated industrial emissions into valuable chemicals.

LanzaTech was founded in 2005 by Dr. Sean Simpson and Dr. Richard Forster. LanzaTech is commercializing an industrial biotechnology platform for converting carbon monoxide to valuable chemicals, such as ethanol, with acetogenic microbes. LanzaTech has pursued a bolt-on commercialization strategy that utilizes industrial emissions from certain industries with highly concentrated flue gases, such as steelmaking. Originally founded in New Zealand, the company is now headquartered in Skokie, Illinois, United States and maintains additional offices in Shanghai, China and Gurgaon, India.

Product

LanzaTech operates through providing its clients with the mechanism to convert waste emissions into utilizable chemicals. Since LanzaTech do not operate production facilities on its own, the company enters joint-venture agreements with manufacturers such as the China-based Shougang Group and the Indian Oil Corporation. The company has developed proof of concept for producing 20 different chemicals and several fuels, including drop-in jet fuel, from carbon monoxide and carbon dioxide. These chemicals are sold under the name Carbon Smart. Several industries have used LanzaTech’s products, including the aviation industry. Some airlines which are using LanzaTech manufactured jet fuels are Virgin Atlantic, Boeing and All Nippon Airways.

Funding

With its last funding round, a Series D, held in 2014, LanzaTech managed to raise a total capital of $203.4 million. The company first received $100,000 in external funding from Biodiscovery, a New-Zealand based company on 2006. Investors who have financed LanzaTech in the past were CICC, Malaysian Life Sciences Capital Fund, NZ Super Fund, and Khosla Ventures.

Timeline

May 2021
LanzaTech raises a $4,100,000 grant from ARPA-E.
June 3, 2020
LanzaTech raises $50M to launch renewable jet fuel spinout.

August 6, 2019
LanzaTech raises a $72,000,000 series E round from Novo Holdings.
December 2014
LanzaTech raises a $112,000,000 series D round from CICC ALPHA, K1W1, Khosla Ventures, Next47 and Qiming Venture Partners.
November 24, 2013
LanzaTech raises a $55,800,000 series C round from Khosla Ventures and Malaysian Life Sciences Capital Fund.
July 2010
LanzaTech raises a $18,000,000 series B round from Qiming Venture Partners.
April 25, 2007
LanzaTech raises a $3,500,000 series A round from Khosla Ventures.
2007
LanzaTech was founded by Sean Simpson.
2005
LanzaTech is launched by Richard Forster and Sean Simpson.

Funding rounds

People

Name
Role
LinkedIn

Andrea Lai

Employee

Ben Blackburn

Employee

Brahmanaspati Shastri, Ph.D., PMP

Employee

Clarence Lam

Employee

Daniel Alexander

Investor

Dave Meyer

Employee

David James Woolner

Employee

Derek Griffin

Employee

Ivan Ravlich

Employee

Jennifer (Jenny) Sutton

Investor

Matthew Rowe

Employee

Nick Patterson

Investor

Privahini Bradoo

Employee

Sahil Jain

Employee

Wayne Mitchell

Employee

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
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Date
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Description
Science X staff
August 19, 2021
phys.org
A patented process for converting alcohol sourced from renewable or industrial waste gasses into jet or diesel fuel is being scaled up at the U.S. Department of Energy's Pacific Northwest National Laboratory with the help of partners at Oregon State University and the carbon-recycling experts at LanzaTech.
Devin Coldewey
July 12, 2021
TechCrunch
Bioengineering may soon provide compelling, low-carbon alternatives in industries where even the best methods produce significant emissions. Utilizing natural and engineered biological process has led to low-carbon textiles from Algiknit, cell-cultured premium meats from Orbillion, and fuels captured from waste emissions via LanzaTech -- and leaders from those companies will be joining us on stage [...]
May 12, 2021
WebWire
Transforming the carbon contained in industrial off-gases into valuable chemicals is the aim of a partnership between LanzaTech and BASF. Now the partners have achieved a key first success: With the help of special bacteria, they have been able to produce n-octanol at laboratory scale from carbon monoxide and hydrogen, the main components of emissions, e.g. from the steel industry. n-octanol is an important molecule that is used in cosmetics, among other uses. "By connecting our competenc...
April 21, 2021
WebWire
Unilever has partnered with LanzaTech and India Glycols to produce a surfactant made from industrial carbon emissions instead of from fossil-fuels. The innovative shift in production utilises biotechnologies and a newly configured supply chain between the three partners, who are working together for the first time. Typically derived from fossil fuels, surfactants are a critical ingredient for creating the foam and cleaning action of many household cleaning and laundry products, from dis...
Kirsten Korosec
January 22, 2021
TechCrunch
Elon Musk said Thursday via a tweet that he will donate $100 million towards a prize for the best carbon capture technology. Musk, who recently surpassed Amazon's Jeff Bezos to become the world's richest person, didn't provide any more details except to add in an accompanying tweet the "details will come next week." It's unclear [...]
KBR, Inc.
January 7, 2021
www.prnewswire.com:443
/PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a Master Services Agreement by LanzaTech to provide engineering services for their global...
Katherine Davis
June 3, 2020
AmericanInno
LanzaTech launched a new subsidiary focused on producing sustainable aviation fuel with the help of a $50 million cash infusion.
Jonathan Shieber
June 3, 2020
TechCrunch
Over a fifteen year stretch, LanzaTech has developed technologies that can turn carbon emissions into ethanol that can be used for chemicals and fuel. Today, the company announced the spinout of LanzaJet alongside its corporate partners Mitsui, Suncor, and All Nippon Airways, to bring sustainable aviation fuel to the commercial market. The new company has [...]
Maria Gallucci
November 12, 2019
Grist
Meet the innovators finding new uses for captured carbon.

References

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