World Economic Forum honours Lanzatech
Wed, 29 Aug 2012 2:20p.m.
Auckland-based biofuels pioneer Lanzatech has been tipped by the influential World Economic Forum as "an industry-changing company with the potential to transform the future".
Already decorated with a string of innovation and bio-technology awards and contracts to work with the US defence and aerospace industries, as well as steel mills and refineries in China and India, the latest award is significant because of the WEF's global clout.
The company has attracted investment from billionaire US clean-tech investor Vinod Khosla and the founder of the Virgin empire, Sir Richard Branson, along with New Zealand investors including Warehouse founder Sir Stephen Tindall.
Lanzatech has been named a WEF Technology Pioneer, in a programme that has recognised more than 400 companies, including Twitter and Wikimedia, and will receive the award at a global forum in China next month.
Lanzatech has attracted investment and scientific collaboration with top Chinese government science agencies, with its enzyme-based process for using waste carbon monoxide gas flows from major industrial plant to produce biofuels.
The company has previously talked of an intention to list on a sharemarket in the next two years, with a head listing likely in either the US or China, but NZX listing also a likelihood.
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