China Steel Corporation has finally approved $ 46M USD capital investment in LanzaTech for the development of commercial facility of 17 million gallon production capacity. The construction of the facility will start in the fourth quarter of this year and the plan is to scale it up to 34 million gallon afterwards. China Steel Corporation is the biggest steelmaker company of Taiwan.
This move has come after LanzaTech has successfully demonstrated its Gas Fermentation Technology’s ability to convert the flue gases of steel mills to ethanol at the White Biotech (WBT) Demonstration Plant in Kaohsiung. White Biotech (WBT) is a joint venture of China Steel Corporation (CSC) and LCY Chemical Corporation.
In Lanzatech’s Gas Fermentation Technology, company’s proprietary microbes grow in the waste gases of steel mills and produce ethanol.