BASF invests in carbon recycling company LanzaTech
BASF is to invest in LanzaTech, a biotech company. Using special microbes, LanzaTech has developed a technology for gas fermentation that first enables ethanol to be produced from residual gases containing carbon monoxide and hydrogen. By re-using waste streams instead of incinerating them, industrial companies can reduce carbon dioxide emissions.
“LanzaTech offers a promising technology that allows currently unused industrial residue and waste streams to be recycled,” says Markus Solibieda, Managing Director of BASF Venture Capital. “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.”
“Investment from BASF will help us realize our goal of a Carbon Smart Future,” says Jennifer Holmgren, CEO of LanzaTech. “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.”