China Steel, LCY Chemical form JV to commercialize LanzaTech advanced biofuels technology

| November 9, 2012

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.

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Category: International

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