LanzaTech moves jobs Stateside

00:41, Apr 04 2014
Sean Simpson
LanzaTech chief scientific officer and co-founder Dr Sean Simpson.

Thirty Auckland jobs will shift when clean-technology company LanzaTech moves to a new corporate headquarters in the United States.

The new location, 20 kilometres north of Chicago in Skokie, Illinois, will also serve as the company's research and development centre.

As part of the move, 30 employees based in Parnell would be shifted to the new head office, leaving about 20 people still working for LanzaTech in New Zealand, the company said.

The move was assisted by the state government of Illinois, which has agreed to tax credits of US$1.1 million (NZ$1.3m) over the next 10 years.

LanzaTech supplies technology to reuse waste gases for the production of fuels and chemicals.

It has a partnership with New Zealand Steel, which includes an ethanol-conversion plant built at the Glenbrook steel mill in 2008.

Last week LanzaTech announced it had completed a US$60m (NZ$70.2m) capital raising, to be used to extend its core gas-fermentation platform and further develop its product portfolio.

Investors in the capital raising included Sir Stephen Tindall's K1W1 venture capital fund, which has been invested in the company since its early days.


Fairfax Media