LanzaTech moves headquarters to Illinois

LanzaTech, a biotechnology firm is moving its headquarters to Illinois.

LanzaTech, a New Zealand biotechnology firm, is moving its global headquarters to the Illinois Science and Technology Park in Skokie, Ill., occupying 41,000 square feet of space in a 160,000-square-foot building.

The company plans to invest $17 million into the move. The new headquarters will create 30 new jobs in the state. The facility will be the company's research and development center, and include such departments as proprietary synthetic biology and gas fermentation science.

LanzaTech recently acquired $60 million in funding during its fourth round of venture capital financing. The company also received a tax credit from the Illinois Department of Commerce and Economic Opportunity, which reduces LanzaTech's income tax liability to the state. The tax credit is worth $1.1 million over the next 10 years.

LanzaTech is known for its technology that captures carbon-rich waste gases from industrial facilities. it uses microbes to recycle and the gas, according to the New Zealand Herald. It's the first company to have its fuel jet product be certified by the Roundtable on Sustainable Biomass and it's now a partner of airline Virgin Atlantic.

"We have a broad product portfolio and global Fortune 500 partners across a variety of sectors," CEO Jennifer Holmgren stated. "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."

Though it's establishing new headquarter in the U.S., company will continue to have facilities and do business in New Zealand, China, India and Europe.

Businesses moving to Illinois should partner with Chicago recruiters to enable them to find the most skilled employees for their new positions. 

×