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AUCKLAND, NEW ZEALAND: LanzaTech Ltd, a closely held biofuel, will convert US cellulosic ethanol plant it bought from Range Fuels Inc to produce chemicals from biomass. The Range plant, located in Soperton, Georgia, was sold on 3 January at a fraction of the financial support it received. The plant was also supported by more than $160 million in venture funding and part of a separate $76 million awarded by Department of Energy.
“We have been doing a lot of work on steel mill gases and other gases to ethanol mostly, but in the laboratory we have shown that we can make chemicals. We don’t have any assets where we can control the feedstock that are large and are able to help us scale up,” said Jennifer Holmgren, Chief Executive Officer, LanzaTech in a telephone interview.
©2012 Bloomberg News
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