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Sunday, June 03, 2007

BIOwaste Blog: bacteria

BIOwaste Blog: bacteria: "Khosla Ventures is turning its eye onto new businesses that are developing bioconversion processes for turning smokestack emissions into marketable biofuels - mainly ethanol.

Such technologies offer the prospect of retrofitting carbon spewing combustion furnaces and boilers with energy saving bioreactors that, with the right combination of nutrients and organisms, can feed on the toxic gases and convert it into ethanol."

LanzaTech

LanzaTech, the leader in technology using bacterial fermentation to convert carbon monoxide into ethanol, today officially announced it has secured US$3.5M in Series A funding, led by Khosla Ventures and supported by two existing New Zealand based investors. This funding will support further technology development, establishing a pilot plant, engineering work to prepare for commercial-scale ethanol production and positions the company to raise significant capital in the near future.

This technology could produce 50 billion gallons of ethanol from the world's steel mills alone, turning the liability of carbon emissions into valuable fuels worth over $50 billion per year at very low costs and adding substantial value to the steel industry. The technology will also be a key contributor to the cellulosic biofuels business as it can convert syngas produced through gasification into ethanol.
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