Kiwi bio-fuels pioneer LanzaTech raises a further US$60mln, Mitsui joins board

Wed, 26 Mar 2014

March 27 (BusinessDesk) – New Zealand-founded bio-fuels innovator LanzaTech has attracted US$60 million in its latest capital-raising round, including a US$20 million commitment from Japanese industrial conglomerate Mitsui, which will join the LanzaTech board. Headquartered in Chicago, but with scientific operations led from its Auckland laboratories, LanzaTech is seeking up to US$80 million in its so-called “D round” of funding, with a second tranche possible later this year, according to a report on the authoritative BioFuels Digest website...

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