New Zealand-founded carbon recycling company LanzaTech has been ranked thirteenth on CNBC's Disruptors list for 2016.

CNBC's list which features 50 companies from 15 different industries celebrates innovation which is actively revolutionising business landscapes.

LanzaTech chief executive Jennifer Holmgren said she is thrilled the company's technology has be recognised.

"We are disrupting the way the trillion dollar chemical industry thinks about commodity sourcing and supply," Holmgren said. "By reusing waste gas streams, we are a step closer to creating a circular economy which reduces global carbon emissions while creating value."


The bio-tech company which works to turn waste gas from steel mills into ethanol and other high-value fuels and chemicals, was selected from more than 750 nominated companies.

Uber took out the top spot on the list with Airbnb closely in second place and SnapChat in sixteenth place.

In 2014 LanzaTech announced that it would no longer operate in New Zealand, moving its company and 13 employees to Illinois in North America.

LanzaTech received multiple grants from US taxpayers before making the move.

It also received more than $14,000,000 in New Zealand taxpayer funding since September 2005.

LanzaTech's move to the United States reportedly surprised the Ministry of Business, Innovation, and Employment at the time.