BASF to invest in US-based carbon capture company

German conglomerate invests in Chicago area-based residual gas recycling firm.

BASF Venture Capital GmbH has announced plans to invest in LanzaTech, a Skokie, Illinois-based biotech company that says it has developed a technology for gas fermentation that enables ethanol to be produced from captured residual gases containing carbon monoxide and hydrogen.

LanzaTech says its technology is being deployed at commercial scale in the steel industry where carbon monoxide from residual gases (off-gases) can be converted into ethanol, which can be used as a raw material to produce diesel, gasoline or jet fuel. The technology is suitable for treating and recycling waste streams in the chemical industry and for municipal waste disposal, according to the firm.

“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.”

“An 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.”

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