Novo provided $72m in series E funding for the waste-to-ethanol technology producer, which counts the likes of Mitsui, Siemens and Petronas as existing investors.

US-based sustainable chemicals and fuel producer LanzaTech received a $72m series E investment from pharmaceutical firm Novo Holdings on Tuesday in connection with a strategic partnership. LanzaTech has created a system that converts waste and residues into fuels such as ethanol, as well as chemicals such as butadiene and propylene using a gas fermentation process.…

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