Yesterday New Zealand, today and tomorrow the world…..literally for clean technology company LanzaTech.
The Auckland-based firm that uses proprietary bacteria and fermentation to produce useful products such as ethanol from industrial gas waste streams, is on a heck of a roll.
Having tested and partly scaled up Auckland University laboratory methodology at the Glenbrook Steel Mill, the venture-capital backed company (including USA-based Khosla Ventures) doesn’t seem to be able to stop signing deals.
It has just put pen to a memorandum of understanding with IndianOil to evaluate the technology to produce ethanol at one of its refineries. IndianOil sells almost half of the subcontinent’s petrol, and last year was ranked 125 in Fortune’s Global 500.
In the middle half of last year LanzaTech signed key technology development partnership deals with China’s Baosteel, Henan Coal and Chemical Industrial Corporation and the Chinese Academy of Sciences.
India’s crude oil imports are soon expected to be more than 80% of its total needs, and the nation’s biofuels policy is to increase the use of alternate renewable fuels from sustainable, non-food sources. The law new requires oil companies to blend petrol with up to 5% ethanol.
LanzaTech has been increasing the products produced by its specially-selected (and patented) bacteria, using smoke-stack waste gas streams as a source stock.
It recently announced the bacterial production of 2,3-Butanediol (2,3-BD), a key building block in polymer, plastics and hydrocarbon production.
Late last year LanzaTech and its senior management were ranked as one of the globe’s top 100 clean tech companies. (See sticK story here: