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LanzaTech scoops up foreclosed US biofuel plant

LanzaTech scoops up foreclosed US biofuel plant
LanzaTech has acquired a US biofuel plant in a foreclosure sale as part of a government-approved liquidation.

LanzaTech has acquired a US biofuel plant in a foreclosure sale as part of a government-approved liquidation.

Range Fuels Inc, a cellulosic ethanol company that was offered $156 million in federal government backing, sold its only factory to LanzaTech in a deal that did not include its intellectual property, according to a Bloomberg report. 

Its Georgia plant was completed in 2010 but closed in 2011 without ever producing ethanol – it was designed to process woodchips into biofuel.

Both LanzaTech and Range are backed by Khosla Ventures.