LanzaTech, a Skokie, Illinois-based producer of next generation fuels and chemicals through the recycling of carbon pollution, received a $72m investment in Series E financing.
Novo Holdings made the investment and formed a partnership to grow LanzaTech’s sustainable fuels and chemicals platform. In conjunction with the funding, Senior Director Anders Bendsen Spohr will join LanzaTech’s Board of Directors.
The company intends to use the funds to expand its carbon recycling platform and accelerate the commercialization of Carbon Smart™ products.
Led by Jennifer Holmgren, Chief Executive Officer, LanzaTech provides a platform that takes pollution and recycles it, eliminating single-use carbon. Examples of the uses of the technology include taking steel mill emissions in China and unsorted, unrecyclable household waste in Japan and converting these wastes to ethanol, sustainable aviation fuel or polyethylene for consumer goods.