Lanzatech is a biotech startup that recovers carbon monoxide (CO) emitted by factories to feed bacteria, which turn it into usable resources: ethanol and various chemicals.
Lanzatech technology
The process seems extremely interesting:
- It prevents carbon from being released into the atmosphere
- We store this carbon in various forms
The process is presented in these videos:
Development and financing of Lanzatech
Now in its fifteenth year, Lanzatech is valued at close to a billion dollars. It already has three i production plants in China. In 2022, it signed a partnership agreement with BASF for the production of n-octanol.
In addition, it has just generated a spin-off that is off to a very strong start, with several tens of millions of dollars in funding: LanzaJet, which will produce ethanol-based jet fuel.
CNBC has published a rich article on the startup.
FAQ
How does Lanzatech technology work?
Lanzatech uses fermentation to produce biofuels and chemicals.
Who are the founders of Lanzatech?
Lanzatech was founded in 2005 by Sean Simpson. It is managed by Jennifer Holmgren.