In Taiwan, China Steel and LCY Chemical Corp formed a joint venture, White Biotech, to utilize LanzaTech’s technology in Taiwan to begin production of ethanol and potentially other molecules using steel mill waste gases.
The companies made an initial $5.14 million investment in the JV and formed the Green Energy Alliance with LanzaTech, around the new venture. The venture is the first formed between a steel company and a chemicals company to utilize waste gases from steel production to produce fuels and chemicals — and is a first of its type in the advanced biofuels sphere. The two venture partners will proceed to construct a demonstration plant, they said in their initial venture statement.
More background on the story from the Digest