Novo provided $72m in series E funding for the waste-to-ethanol technology producer, which counts the likes of Mitsui, Siemens and Petronas as existing investors.
US-based sustainable chemicals and fuel producer LanzaTech received a $72m series E investment from pharmaceutical firm Novo Holdings on Tuesday in connection with a strategic partnership.
LanzaTech has created a system that converts waste and residues into fuels such as ethanol, as well as chemicals such as butadiene and propylene using a gas fermentation process.
Proceeds from the investment will be used to accelerate the development of LanzaTech’s carbon recycling platform and commercialise its carbon smart products. Anders Bendsen Spohr,…
