Carbon recycler LanzaTech widens annual loss to US$38 mln as revenue falls

Tue, 12 Jul 2016

By Fiona Rotherham July 13 (BusinessDesk) - LanzaTech, the New Zealand-founded carbon recycling company, has widened its annual loss on falling revenue as it gears up for full commercialisation of its innovative technology. The US-based company reported a group after-tax loss of US$38.3 million for the year ended Dec. 31, 2015, a bigger loss than US$27.8 million the year prior, taking its accumulated losses to date to US$166.8 million. Financial accounts lodged with the Companies Office show revenue dropped to US$3.95 million from US$6...

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