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LanzaTech accumulates losses of $166m

Thursday 14 Jul 16 11:00am

By FIONA ROTHERHAM | LanzaTech, the New Zealand-founded carbon recycling company, has widened its annual loss on falling revenue as it gears up for full commercialisation of its innovative technology.

The US-based company reported a group after-tax loss of $US38.3 million for the year ended December 31, 2015, a bigger loss than $27.8 million the year prior, taking its accumulated losses to date to $166.8 million.

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