TV network aimed at millennials set for summer

NEW YORK (AP) — Participant Media plans to launch a cable network aimed at viewers 18 to 34 years old with programming it describes as inspiring and thought-provoking.

The as-yet-unnamed network is set to start next summer with an initial reach of 40 million subscribers, the company announced Monday.

Targeting so-called millennials, Participant is developing a program slate with such producers as Brian Graden, Morgan Spurlock and Brian Henson of The Jim Henson Company.

Evan Shapiro, who joined Participant in May after serving as President of IFC and Sundance Channel, will head the new network.

Parent company Participant Media has produced a number of fiction and nonfiction films including “Charlie Wilson’s War,” ”An Inconvenient Truth” and Steven Spielberg’s current biopic “Lincoln.”

Entertainment News Headlines – Yahoo! News

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Experts: No link between Asperger's, violence

NEW YORK (AP) — While an official has said that the 20-year-old gunman in the Connecticut school shooting had Asperger's syndrome, experts say there is no connection between the disorder and violence.

Asperger's is a mild form of autism often characterized by social awkwardness.

"There really is no clear association between Asperger's and violent behavior," said psychologist Elizabeth Laugeson, an assistant clinical professor at the University of California, Los Angeles.

Little is known about Adam Lanza, identified by police as the shooter in the Friday massacre at a Newtown, Conn., elementary school. He fatally shot his mother before going to the school and killing 20 young children, six adults and himself, authorities said.

A law enforcement official, speaking on condition of anonymity because the person was not authorized to discuss the unfolding investigation, said Lanza had been diagnosed with Asperger's.

High school classmates and others have described him as bright but painfully shy, anxious and a loner. Those kinds of symptoms are consistent with Asperger's, said psychologist Eric Butter of Nationwide Children's Hospital in Columbus, Ohio, who treats autism, including Asperger's, but has no knowledge of Lanza's case.

Research suggests people with autism do have a higher rate of aggressive behavior — outbursts, shoving or pushing or angry shouting — than the general population, he said.

"But we are not talking about the kind of planned and intentional type of violence we have seen at Newtown," he said in an email.

"These types of tragedies have occurred at the hands of individuals with many different types of personalities and psychological profiles," he added.

Autism is a developmental disorder that can range from mild to severe. Asperger's generally is thought of as a mild form. Both autism and Asperger's can be characterized by poor social skills, repetitive behavior or interests and problems communicating. Unlike classic autism, Asperger's does not typically involve delays in mental development or speech.

Experts say those with autism and related disorders are sometimes diagnosed with other mental health problems, such as depression, anxiety, bipolar disorder or obsessive-compulsive disorder.

"I think it's far more likely that what happened may have more to do with some other kind of mental health condition like depression or anxiety rather than Asperger's," Laugeson said.

She said those with Asperger's tend to focus on rules and be very law-abiding.

"There's something more to this," she said. "We just don't know what that is yet."

After much debate, the term Asperger's is being dropped from the diagnostic manual used by the nation's psychiatrists. In changes approved earlier this month, Asperger's will be incorporated under the umbrella term "autism spectrum disorder" for all the ranges of autism.

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AP Writer Matt Apuzzo contributed to this report.

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Online:

Asperger's information: http://1.usa.gov/3tGSp5

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Panettiere overcomes stage fright with 'Nashville'

NASHVILLE, Tenn. (AP) — While Hayden Panettiere is pretending to be a country music singer on TV, she's learning how to be one in real life.

The 23-year-old actress plays ambitious country star Juliette Barnes on the hit ABC show "Nashville" (Wednesdays, 10 p.m. Eastern). Her character has performed on the Grand Ole Opry, dealt with the demands of a record label executive, written songs and tracked vocals in a recording studio.

"The show, I feel like, is an amazing second step for me because I love music and I've always had such terrible stage fright," said Panettiere, who recently earned a Golden Globe nomination for best performance by a television actress in a supporting role.

"This has been kind of the in between because I get to go out there during scenes with a crowd full of people and pretend like I'm performing onstage, and I'm actually performing a live show," she continued. "It's one thing when you put yourself out there (as a solo artist), it's another thing when you're playing a character. ... Beyonce has her alter ego (Sasha Fierce), and people create these alter egos because it seems like a little bit more protection when you put yourself out there for all to see."

Her confidence as a singer is growing, as is her credibility. She sings all of her own songs in the show, some of which are featured on the "Nashville" soundtrack, released last week. Big Machine Records put out her song "Telescope" as the show's first official single, and it's a Top 40 hit on the Billboard country songs chart.

The former "Heroes" actress has dabbled in music before, performing tracks for various Disney films and releasing the pop single "Wake Up Call" in 2008, which failed to chart. A full album was never released.

She says doing the show is teaching her about the music industry, and that getting a warm response from the Music City community is encouraging.

"There's no cooler feeling than someone coming up to you from Nashville ... and going, 'Thank you for portraying us in such a great light, in such an honest light, because people who are not from the South have this image and this idea,'" she said.

The show boasts Grammy-winning musician and producer T Bone Burnett as its executive music producer and an accomplished cast, including co-star Connie Britton who also earned a Golden Globes nomination for best performance by an actress in a television series drama.

"There are no words to describe this, either I'm going to start tearing up or I'm going to make more grilled cheese," Panettiere said just hours after she found out about the nominations. "It's so amazing, because we had such high hopes and sometimes you feel like things are too good to be true, and I felt like the show was everything that I dreamt of as an actor and as a musician."

Panettiere says hearing her song on the radio for the first time is a moment she'll always remember. She had just hopped into her car on a crisp, fall day with her best friend sitting shotgun. She turned the key, and her name popped up on the dashboard.

"I just bugged out," she said. "I couldn't believe it. I was trying to take pictures at the same time. But it's surreal. ... There are no words to describe how special and exciting that moment is. And nerve-wracking, too, very nerve-wracking."

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Online: http://www.abc.com/Nashville

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Follow http://www.twitter.com/AP_Country for the latest country music news from The Associated Press.

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Reyes goes craft with Windy City deal

Independent breweries are still a niche category in the marketplace, but interest in them continues to grow.

Reyes Beverage Group, a division of global food and beer distributor Reyes Holdings of Rosemont, said Sunday it has reached an agreement to purchase Windy City Distribution, a well-regarded distributor of craft beers.

Brothers Jim and Jason Ebel founded Windy City in 1999. The firm operates as a distributor across eight northern Illinois counties for more than 40 craft breweries, such as Tyranena, Lagunitas and Jolly Pumpkin Artisan Ales. The Ebels also are the brewers behind Warrenville-based Two Brothers beer.

The deal, which is expected to close by the end of the year, is yet another sign of the coming-of-age of the craft beer scene, which is now much more part of the mainstream beer industry. In 2012, 442 craft breweries opened, according to the Beer Institute. The Brewers Association, a trade association, said sales of craft brews increased 14 percent in the first half of 2012 and volume jumped 12 percent.

While the beer industry overall has shown limited growth, the explosive interest in craft beer is enticing giants such as Anheuser-Busch, the maker of Budweiser, and MillerCoors, both of which have struggled to enter the craft market on their own. Since acquiring Chicago's Goose Island in 2011, Anheuser-Busch has aggressively expanded that well-known label. Earlier this year, it revealed plans to increase Goose Island's distribution to all 50 states, making it one of the few craft brands with a true national footprint.

Reyes' Chicago Beverage Systems and Windy City will not integrate their operations. Windy City's president, Bob Collins, and his management team will join Reyes. Chicago Beverage Systems distributes Miller, Coors and Heineken brands, among others.

"Windy City Distributing will be a new entity in our network focused solely on the craft beer market," said Ray Guerin, chief operating officer of Reyes Beverage Group. "I look forward to working with Windy City to learn more about servicing the craft beer industry while providing Reyes Beverage Group's expertise to help Windy City expand."

Terms of the transaction were not disclosed. Both companies are privately held.

mmharris@tribune.com

Twitter @chiconfidential

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Apple falls on lower shipment forecasts, muted China debut

(Reuters) - Apple Inc shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts.

Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the Jan-March quarter, saying that the technology company had started cutting orders to suppliers to balance excess inventory.

Shares of Apple suppliers Jabil Circuit Inc, Qualcomm Inc, Skyworks Solutions Inc, TriQuint Semiconductor Inc, Avago Technologies Ltd, and Cirrus Logic Inc also fell in early trading.

Apple shares have lost a quarter of their value since they hit a life high of $705.07 on September 21, as it faces increasing competition from phones using Google Inc's Android operating system.

Misek cut his first-quarter iPhone sales estimate to 48 million from 52 million and gross margin expectations for the company by 2 percentage points to 40 percent.

UBS Investment Research cut its price target on Apple stock to $700 from $780 on lower expected iPhone and iPad shipments for the March quarter.

The brokerage said it was modeling more conservative growth for the world's biggest technology company after making supply chain checks that revealed that fewer iPhones were being built.

"Some of our Chinese sources do not expect the iPhone 5 to do as well as the iPhone 4S," UBS analyst Steven Milunovich wrote in a note to clients.

Apple launched the iPhone 5 in China on Friday, a move widely expected to bring the Cupertino-based company some respite from a recent slide in market share in China, but early reports indicated that demand may not be as great as expected.

"The iPhone 5 China launch has been surprisingly muted but (we) are unsure how much weather (snow) or the required pre-ordering (to prevent riots) are factors," Misek said.

Apple shares fell as low as $508.50 in morning trading on the Nasdaq on Friday.

(Editing by Supriya Kurane)

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Moments of silence around NFL for shooting victims

Two players who wear No. 26 joined hands with the coaches of the St. Louis Rams and Minnesota Vikings in tribute to the victims of the school massacre in Newtown, Conn., and New York Giants' players wore decals with the initials of Sandy Hook Elementary School.

There were moments of silence before all NFL games Sunday. The ceremony in St. Louis included Rams coach Jeff Fisher and Vikings coach Leslie Frazier, along with Rams running back Daryl Richardson and Vikings cornerback Antoine Winfield.

The players were selected because their number represents the total slain at the elementary school on Friday.

Dozens of children wearing uniform jerseys held hands with players in a circle extending from the 30-yard lines at the Edward Jones Dome, centered on the Rams logo at midfield. Richardson, Winfield and the coaches formed an inner circle.

In Atlanta, Giants' players wore decals with the acronym "SHES" on the backs of their helmets.

Flags were at half-staff at M&T Bank Stadium when the Baltimore Ravens hosted the Denver Broncos in one of the eight early games.

With the Maryland National Guard standing on the opposite end of the field from the flag bearers, the scoreboards went black as the public address announcer asked the crowd to observe "silent reflection" in the wake of Friday's "horrific tragedy."

Players from both team stood stoically on the sideline. The moment of silence was followed by the national anthem.

In New Orleans, the Superdome fell silent for nearly 30 seconds before the Saints hosted Tampa Bay. People around the stadium removed their hats, bowed their heads and remained still until the public address announcer introduced the national anthem singer, "American Idol" contestant Skylar Laine.

In Houston, video screens went black as the moment was observed before the Texas hosted the Indianapolis Colts.

In Chicago, Green Bay wide receiver Donald Driver retweeted the names of the victims.

Buffalo Bills CEO Russ Brandon tweeted that a moment of silence was to be held in Toronto later Sunday before the Bills played the Seattle Seahawks at the downtown Rogers Centre.

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Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

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“Hobbit” film sets December record in U.S., Canada debut

(Reuters) – “The Hobbit” brought home a big box office treasure over the weekend, setting a December movie record with $ 84.77 million in U.S. and Canadian ticket sales as legions of fans turned out for the long-awaited big-screen return to Middle Earth.

“The Hobbit: An Unexpected Journey” also rung up sales of $ 138.2 million in international markets. Global receipts for the prequel to the smash “Lord of the Rings” trilogy stood at $ 222.97 million through Sunday, distributor Warner Bros. said.

The current projection for the total box office take in 2012 is $ 10.8 billion, according to an estimate from Hollywood.com, which would beat the $ 10.6 billion record in 2009.

The 3D “Hobbit” directed by Oscar-winning “Rings” filmmaker Peter Jackson is the first of three films based on a 1937 classic novel by J.R.R. Tolkien. Warner Bros. is aiming to build on the success of the “Rings” series, one of Hollywood’s biggest franchises with $ 2.9 billion in global ticket sales.

The “Lord of the Rings” movies debuted in theaters from 2001 to 2003. After that, production on “The Hobbit” ran into delays, leaving fans waiting a decade for another look at the fantasy story of dwarves, wizards and elves.

The opening weekend “Hobbit” sales proved interest remained high. North American (U.S. and Canadian) receipts toppled the old record for December set by Will Smith sci-fi flick “I Am Legend,” which pulled in $ 77.2 million when it debuted in 2007.

“The best we were hoping for was to reach or exceed the $ 77 million set by that movie and we did it by quite a lot. It was all good and we’re very happy about it,” said Dan Fellman, president of theatrical distribution for Warner Bros.

“You have to assume that by the time this first week is over we are going to have around $ 110 million in the bank before the holiday even starts,” he added.

The new film follows the epic journey of hobbit Bilbo Baggins, played by Martin Freeman, as he travels through the treacherous Middle Earth with a band of dwarves to steal treasures from the dragon Smaug.

The movie also stars Richard Armitage and Benedict Cumberbatch, while Ian McKellen, Cate Blanchett and Elijah Wood reprise their “Rings” roles.

Opening-weekend audiences embraced “The Hobbit,” awarding an “A” grade in polling by survey firm CinemaScore. Critics had a mixed response to the nearly three-hour film. Sixty-five percent of reviews on the Rotten Tomatoes website recommended the movie, although some objected to Jackson’s decision to shoot it using a 48-frames-per-second format rather than the usual 24.

SOME VIEWERS NAUSEOUS

The faster frame rate delivers clearer pictures, but some critics called the format cartoonish and jarring. Some fans at early screenings in New Zealand complained it made them feel nauseous and dizzy, according to The New Zealand Herald. Only a fraction of theaters showed the film in the new format.

The next two “Hobbit” movies are schedules to reach theaters in December 2013 and July 2014. The films were financed by MGM and Warner Bros.‘ New Line Cinema unit for an estimated $ 500 million.

“The Hobbit” took a bumpy, years-long journey to the big screen that included two directors and a lawsuit. Jackson made the “Rings” trilogy when producers could not get “The Hobbit” rights that were held by MGM’s United Artists unit.

Guillermo del Toro was first hired to direct “The Hobbit” but he left the project when financial woes at MGM caused delays. The movie went into production only after Jackson settled a lawsuit against New Line in a dispute over profits from the “Rings” films.

“The Hobbit” was the only new nationwide release over the weekend. The rest of the top five were films that have been playing for weeks.

In second place was the animated family film “Rise of the Guardians” with $ 7.4 million, followed by historical drama “Lincoln” starring Daniel Day-Lewis as the revered U.S. president, which grabbed $ 7.2 million from Friday through Sunday, according to studio estimates.

James Bond movie “Skyfall” landed in fourth place with $ 7 million.

Next on the box office chart was “Life of Pi,” which captured $ 5.4 million. Teen vampire tale “The Twilight Saga: Breaking Dawn – Part 2″ earned $ 5.17 million.

Time Warner Inc’s Warner Bros. released “The Hobbit.” “Lincoln” was produced by Steven Spielberg’s Dreamworks Studios and distributed by Walt Disney Co. Sony Corp’s movie studio released “Skyfall.” Dreamworks Animation distributed “Rise of the Guardians,” which was released by Viacom Inc’s Paramount Pictures. Summit Entertainment, a unit of Lions Gate Entertainment, released “Breaking Dawn.”

(Editing by Mohammad Zargham)

Movies News Headlines – Yahoo! News

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Experts: No link between Asperger's, violence

NEW YORK (AP) — While an official has said that the 20-year-old gunman in the Connecticut school shooting had Asperger's syndrome, experts say there is no connection between the disorder and violence.

Asperger's is a mild form of autism often characterized by social awkwardness.

"There really is no clear association between Asperger's and violent behavior," said psychologist Elizabeth Laugeson, an assistant clinical professor at the University of California, Los Angeles.

Little is known about Adam Lanza, identified by police as the shooter in the Friday massacre at a Newtown, Conn., elementary school. He fatally shot his mother before going to the school and killing 20 young children, six adults and himself, authorities said.

A law enforcement official, speaking on condition of anonymity because the person was not authorized to discuss the unfolding investigation, said Lanza had been diagnosed with Asperger's.

High school classmates and others have described him as bright but painfully shy, anxious and a loner. Those kinds of symptoms are consistent with Asperger's, said psychologist Eric Butter of Nationwide Children's Hospital in Columbus, Ohio, who treats autism, including Asperger's, but has no knowledge of Lanza's case.

Research suggests people with autism do have a higher rate of aggressive behavior — outbursts, shoving or pushing or angry shouting — than the general population, he said.

"But we are not talking about the kind of planned and intentional type of violence we have seen at Newtown," he said in an email.

"These types of tragedies have occurred at the hands of individuals with many different types of personalities and psychological profiles," he added.

Autism is a developmental disorder that can range from mild to severe. Asperger's generally is thought of as a mild form. Both autism and Asperger's can be characterized by poor social skills, repetitive behavior or interests and problems communicating. Unlike classic autism, Asperger's does not typically involve delays in mental development or speech.

Experts say those with autism and related disorders are sometimes diagnosed with other mental health problems, such as depression, anxiety, bipolar disorder or obsessive-compulsive disorder.

"I think it's far more likely that what happened may have more to do with some other kind of mental health condition like depression or anxiety rather than Asperger's," Laugeson said.

She said those with Asperger's tend to focus on rules and be very law-abiding.

"There's something more to this," she said. "We just don't know what that is yet."

After much debate, the term Asperger's is being dropped from the diagnostic manual used by the nation's psychiatrists. In changes approved earlier this month, Asperger's will be incorporated under the umbrella term "autism spectrum disorder" for all the ranges of autism.

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AP Writer Matt Apuzzo contributed to this report.

___

Online:

Asperger's information: http://1.usa.gov/3tGSp5

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'Hobbit' bests 'Rings' with $84.8 million opening

NEW YORK (AP) — Peter Jackson's "The Hobbit" led the box office with a haul of $84.8 million, a record-setting opening better than the three previous "Lord of the Rings" films.

The Warner Bros. Middle Earth epic was the biggest December opening ever, surpassing Will Smith's "I Am Legend," which opened with $77.2 million in 2007, according to studio estimates Sunday. "The Hobbit: An Unexpected Journey" also passed the December opening of "Avatar," which opened with $77 million. Internationally, "The Hobbit" also added $138.2 million, for an impressive debut well north of $200 million.

Despite weak reviews, the 3-D adaptation of J. R. R. Tolkien's first novel in the fantasy series was an even bigger draw than the last "Lord of the Rings" movie, "The Return of the King." That film opened with $72.6 million. "The Hobbit" is the first of another planned trilogy, with two more films to be squeezed out of Tolkien's book.

While Jackson's "Rings" movies drew many accolades — "The Return of the King" won best picture from the Academy Awards — the path for "The Hobbit" has been rockier. It received no Golden Globes nominations on Thursday, though all three "Rings" films were nominated by the Hollywood Foreign Press Association for best picture.

Particularly criticized has been the film's 48-frames-per-second (double the usual rate), a hyper-detailed look that some have found jarring. Most moviegoers didn't see "The Hobbit" in that version, though, as the new technology was rolled out in only 461 of the 4,045 theaters playing the film.

Regardless of any misgivings over "The Hobbit," the film was a hit with audiences. They graded the film with an "A'' CinemaScore.

"What's really important, what makes this special is the CinemaScore," said Dan Fellman, president of domestic distribution for Warner Bros. "All these things point to a great word of mouth. We haven't even made it to the Christmas holidays yet. Kids are still in school this week."

The strong opening culminated a long journey for "The Hobbit," which was initially delayed when a lawsuit dragged on between Jackson and "Rings" producer New Line Cinema over merchandizing revenue. At one point, Guillermo del Toro was to direct the film with Jackson producing. But eventually the filmmaker opted to direct the movie himself, originally envisioning two "Hobbit" films. The production also went through the bankruptcy of distribution partner MGM and a labor dispute in New Zealand, where the film was shot.

The long delay for "The Hobbit," nearly a decade after the last "Lord of the Rings" film, made it "one of those movies that had everyone scratching their heads as to how it would open," said Paul Dergarabedian, an analyst for box-office tracker Hollywood.com.

"It's been a decade since the 'Lord of the Rings' trilogy concluded," said Dergarabedian. "There's been so much anticipation for this film and having Peter Jackson back at the helm just made it irresistible both to fans and the non-initiated alike."

"The Hobbit" was far and away the biggest draw in theaters, with no other new wide release. Paramount's "Rise of the Guardians" continued to draw the family crowd, with $7.4 million, bringing its cumulative total to $71.4 millon. The Oscar contender "Lincoln" from Walt Disney crossed the $100 million mark, adding another $7.2 million to bring its six-week total to $107.9 million. And Sony's James Bond film "Skyfall," with another $7 million domestically, drew closer to a global take of $1 billion.

The box office continued to be on the upswing and with anticipated releases like "Les Miserables," ''Django Unchained" and "The Guilt Trip" approaching in the holiday moviegoing season. Dergarabedian expects the year to break the 2009 record of $10.6 billion. With some $10.2 billion in revenue thus far, he said, "We're on track to be in that realm."

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Hollywood.com. Where available, latest international numbers are also included. Final domestic figures will be released Monday.

1. "The Hobbit: An Unexpected Journey," $84.8 million.

2. "Rise of the Guardians," $7.4 million.

3. "Lincoln," $7.2 million.

4. "Skyfall," $7 million.

5. "Life of Pi," $5.4 million.

6. "The Twilight Saga: Breaking Dawn, Part 2," $5.2 million.

7. "Wreck-It Ralph," $3.3million.

8. "Playing for Keeps," $3.2 million.

9. "Red Dawn," $2.4 million.

10. "Silver Linings Playbook," $2 million.

___

Universal and Focus are owned by NBC Universal, a unit of Comcast Corp.; Sony, Columbia, Sony Screen Gems and Sony Pictures Classics are units of Sony Corp.; Paramount is owned by Viacom Inc.; Disney, Pixar and Marvel are owned by The Walt Disney Co.; Miramax is owned by Filmyard Holdings LLC; 20th Century Fox and Fox Searchlight are owned by News Corp.; Warner Bros. and New Line are units of Time Warner Inc.; MGM is owned by a group of former creditors including Highland Capital, Anchorage Advisors and Carl Icahn; Lionsgate is owned by Lions Gate Entertainment Corp.; IFC is owned by AMC Networks Inc.; Rogue is owned by Relativity Media LLC.

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Greener planet is goal for 3 startups

If the glut of companies billing themselves as "solutions" providers is any indication, the world has no shortage of problems.

Green tech companies take on some of the most complicated, difficult problems to solve. They tend to be problems created by our mere existence, chief among them our massive demand for energy. The more we rely on energy to power our electronics, our vehicles and our lives, the more pollution we churn into our land, water and air.

The Tribune checked in with three local green tech startups at various stages of development. They haven't changed the world yet, but they're working on it.

COMPANY: LanzaTech

PROBLEM TO BE SOLVED: Global warming, a huge challenge as energy demand is expected to double within 40 years.

FUNDS RAISED: $100 million

It may sound like sci-fi, but LanzaTech produces gas-eating "bugs" that don't require oxygen to survive.

In April, the company's microscopic bacteria began ingesting carbon monoxide from a steel mill in China. Carbon monoxide goes in one end of the bacteria and ethanol comes out the other.

With a few genetic tweaks, the bug can produce a wide range of fuels and chemicals from gases that companies spend money to get rid of. The idea, says Jennifer Holmgren, the company's chief executive, is to trap nasty gases that float from steel mills, power plants and chemical factories, turning them into products that are useful and profitable.

The company recently inked a deal with Petronas, the national oil company of Malaysia, to develop a modified version of the bug that takes in carbon dioxide and produces acetic acid, a chemical companies need to produce polymers used in plastics.

"Rather than trying to sequester carbon deep into the earth, we will 'bury' it in a chemical," Holmgren said. "In this way, companies can not only comply with emissions reduction requirements, but also generate revenue along the way."

When Holmgren talks about the technology's potential, she pulls up a map of the world, showing partnerships and agreements the company has with companies from Boeing Co. in Chicago and Kansas-based Invista, the world's largest nylon producer, to Indian Oil Co. in New Delhi and Mitsui & Co. Ltd. in Japan.

Out of the company's various projects, the carbon monoxide-eating bacteria are the furthest along in the path toward commercialization. This month, LanzaTech finished a demonstration project for China's largest steel manufacturer, Baosteel, at a plant near Shanghai.

LanzaTech successfully produced the equivalent of more than 100,000 gallons of ethanol per year from just a fraction of the carbon monoxide the company creates in the steel-making process.

"You're literally driving for miles watching this steel mill," Holmgren said, explaining its vast size — and its potential to produce hundreds of millions of gallons of ethanol per year.

The technology creates a financial incentive to trap the gas rather than flare it, a common practice that produces carbon dioxide, which contributes to global warming. Through a series of pipes, the gas enters a vessel filled with the organism, which is floating in water. Fuel comes out the back end and is pumped through a distiller to create pure ethanol.

Because of the success of that demonstration, the steel company has ordered the first of what will eventually be three or four units, each about $80 million, that are each expected to produce 30 million to 50 million gallons of ethanol per year. Each unit pays itself back in under five years, Holmgren said.

"We don't want it to be green for green's sake. If it is, no one is going to use it," she said.

With 140 employees worldwide, LanzaTech doesn't have any revenues to report yet. Holmgren said LanzaTech expects to grow to profitability between 2013 and 2015.

COMPANY: Hybrid Electric Vehicle Technologies LLC

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