LanzaTech on the road for up to $80 million in new investment

In New Zealand, LanzaTech is on the hunt for new investors to put in between $60 million and $80 million this year while holding off on an IPO until a first plant is up and running, probably around 2015. The two plants under construction are for 10 million and 25 gallons each, both based in China and both using flue gases from steel mills. A 30 million gallon plant is estimated at around $80 million.