NZ company one of world's most innovative disruptors
A company founded in New Zealand has made the Consumer News and Business Channel's (CNBC) list of the year's 50 most disruptive innovators.
LanzaTech placed thirteenth on the Disruptor 50 list, alongside companies like Uber, Airbnb and Spotify.
CNBC says the list recognises companies whose innovations are revolutionising the business landscape.
It says: "These forward-thinking start-ups have identified unexploited niches in the marketplace that have the potential to become billion-dollar businesses."
CNBC singled out LanzaTech for developing a technology that captures and recycle waste gases before they are emitted as greenhouses gases.
"A steel mill could make steel for a car, then use the waste emissions to make the fuel for the car and even the chemical derivatives to produce the interior plastic mouldings and foam for the seats."
LanazaTech has raised US$217 million (NZ$311 million) from venture capital investors, including the New Zealand Super Fund.
On-demand transportation company Uber topped the list. It was followed by home-sharing giant Airbnb.
Number three on the list was Ezetap, which has launched a mobile payment platform in India.
Snapchat placed 16th and Spotify was ranked 25th on the list.
The companies range from cloud computing, to biotech, transportation and aerospace.
CNBC's list features companies that are backed by venture capitalists. The 50 companies have collectively raised US$41 billion and have an implied value of US$242 billion.