All subjects
Biochemicals & Materials

BASF Venture Capital to invest in LanzaTech

In a joint statement, BASF Venture Capital GmbH (BVC), the investment arm of Germany-headed global chemicals major BASF SE has announced that it plans to invest an undisclosed amount in LanzaTech Inc., a US-headed biotech company that has developed a technology for gas fermentation that first enables ethanol to be produced from residual gases containing carbon monoxide (CO) and hydrogen (H2).

An error occurred

You are logged in as subsbriber at Bioenergy International, but something is wrong.

On your profile you can see what subscriptions you have access to and more information.

Is some of the information wrong – please contact our customer service.

Please reload the page

We could not ascertain if you are logged in or not. Please reload this page.
Bioenergy International premium

Do you want to read the whole article?

Only logged in payed subscribers can read all contents on
As an subscriber you get:
  • Six editions per year
  • Full access to all digital content
  • The E-magazine Bioenergy international
  • And more ...
BASF Venture Capital (BVC) is to invest in LanzaTech which is commercially deploying its proprietary waste gas to ethanol technology at Shougang Group’s Jingtang Steel Mill in Caofeiden, China (photo courtesy LanzaTech).

LanzaTech’s patented technology is now being deployed at a commercial scale in the steel industry where carbon monoxide (CO) from residual gases (off-gases) can be converted into ethanol.

Ethanol can be used as the raw material for the production of diesel, gasoline, or jet fuel and as a precursor to plastics and polymers.

The company’s product portfolio includes additional biochemicals besides ethanol, such as chemical specialties and intermediates, that can be used as raw materials in other chemical production processes.

The technology is also potentially suitable for treating and recycling waste streams in the chemical industry and for municipal waste disposal.

LanzaTech offers a promising technology that allows currently unused industrial residue and waste streams to be recycled. We support our customers and society with chemistry that makes optimum use of available resources, and we are working to integrate sustainability increasingly in all our business processes. One part of this, is investment in technologies that help to reduce carbon dioxide emissions, said Markus Solibieda, Managing Director of BASF Venture Capital.

Founded in New Zealand, LanzaTech has raised more than US$250 million from investors including Khosla Ventures, K1W1, Qiming Venture Partners, Petronas, Mitsui, Primetals, China International Capital Corp, Suncor, China International Investment Corporation (CITIC) and the New Zealand Superannuation Fund.

Investment from BASF will help us realize our goal of a Carbon Smart Future. BASF’s expertise in creating sustainable chemistry that benefits society aligns with our carbon recycling vision, where we capture and reuse waste carbon to make useful everyday items, displacing fossil feedstocks and keeping the sky blue for all, said Jennifer Holmgren, CEO of LanzaTech.

Founded in 2001, the aim of BASF Venture Capital is to generate new growth potential for BASF by investing in new companies and funds.

Maintaining offices in Europe, the United States, China and Israel, the focus of investment is on chemical products and new materials, software and services as well as innovative and digital business models in the broader field of chemistry.

Most read on Bioenergy International

Get the latest news about Bioenergy

Subscribe for free to our newsletter
Sending request
I accept that Bioenergy International stores and handles my information.
Read more about our integritypolicy here