LanzaTech closes $15-million debt financing deal

Gas fermentation firm LanzaTech (Chicago) says it has closed a $15 million debt financing from Western Technology Investment (WTI), a private investment firm based in Silicon Valley. LanzaTech has developed a microorganism  that can produce ethanol and chemicals from carbon monoxide (CO), unlike the sugar and starch consumed by most fermentation platforms. LanzaTech and Invista, a major consumer of butadiene for nylon 6,6 production, recently signed an agreement to will initially focus on converting 2,3-butanediol (BDO) produced by LanzaTech’s process...

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