In Massachusetts, Ze-gen announced that it has raised $20 million in Series B funding from Omaz Zawawi Establishment, Flagship Ventures, VantagePoint Venture Partners and the Massachusetts Technology Development Corporation. The company said that it can create syngas from construction and municipal waste at a price of $6 per million BTUs.
The company’s process involves dropping waste into superheated liquid iron, which frees hydrocarbons and breaks them into a syngas of carbon monoxide and hydrogen. The syngas can thereupon be converted to power on a competitive basis with natural gas, according to Ze-gen CEO Bill Davis.
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