| • | Investment complements existing collaboration in development and marketing of environmental solutions for steel industry |
The Venture Capital unit of Siemens Financial Services and central venture capital organization of Siemens (SFS VC) is investing in LanzaTech, a US-based technology leader in the biological generation of fuels and basic chemicals from industrial waste gases. The Siemens Metals Technologies Business Unit and LanzaTech have been cooperating since the end of 2012 on the development and marketing of integrated environmental solutions for the iron, steel and ferroalloy industries based on a fermentation process developed by LanzaTech.