April 2014

Governor Quinn Announces Bioscience Innovator LanzaTech to Establish Global Headquarters at ISTP

LanzaTech, a pioneering  company in the production of sustainable fuels and chemicals from waste gases founded in New Zealand, is moving its global headquarters to the Illinois Science + Technology Park. The move will generate 30 new Illinois jobs with employees transferred from New Zealand, and 35 additional employees will move from Roselle.  The new location also will serve as the company's research and development center with a new investment of more than $17 million. "LanzaTech is a shining example of Illinois' emerging culture of clean tech innovation," Governor Quinn said. "Illinois is home to approximately 3,500 biotech companies, and the Chicago area is one of the nation's leading cities in clean tech research. It is the perfect place for LanzaTech's global business to thrive."

 

LanzaTech, which recently closed a $60 million fourth round of venture capital funding, has won numerous awards for its technology that captures and reuses waste carbon emissions for the production of fuels and chemicals. The new corporate headquarters, which will include proprietary synthetic biology and gas fermentation science, will be occupying 41,000 square feet of lab and office space."Our success can be attributed to thinking and growing globally," LanzaTech CEO Jennifer Holmgren said. "We have a broad product portfolio and global Fortune 500 partners across a variety of sectors. To accelerate commercialization, it is natural for us to relocate closer to capital markets, infrastructure, partners and customers. Chicago is an ideal location and we would like to thank Governor Quinn, his team and the Illinois government for their support during this process." To assist with the move, the Illinois Department of Commerce and Economic Opportunity (DCEO) has approved tax credits for LanzaTech worth an estimated $1.1 million over the next 10 years. The credits against the company's state income tax liability are available under the Economic Development for a Growing Economy (EDGE) program.  For the complete announcement, click here.

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