Lanzatech raises US$55 million
NZ biofuel developer Lanzatech has secured US$55 million in funding from a range of investors, some from Malaysia.
Petronas Technology Ventures – the investment arm of oil and gas giant Petronas – and Malaysian technical services company Dialog Group are among the new investors, along with US-based Khosla Ventres, China’s Qiming Ventres and Tindall’s K1W1 fund.
Lanzatech has raised US$85 million since it was founded in 2005.
Lanzatech chief Jennifer Holmgren said the company was still pondering a listing on the NZ stock exchange, which could go ahead in the second half of the year.
Lanzatech is waiting to implement and provide its technology at a demonstration plant at a Chinese steel
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