This Mad Scientist's Genetically Engineered "Bugs" Could Solve The World's Biggest Problems Nicholas Carlson | Jul. 13, 2011, 10:44 AM | 17,110 | 10 Turning waste into energy, Kiwi entrepreneur and scientist Sean Simpson is a modern alchemist. He's the founder of an Auckland, New Zealand-based company called LanzaTech . With long red hair and a quick, loud laugh, he's a mad scientist for the good guys. Simpson says that with the help of tiny, genetically-engineered "bugs," LanzaTech can take industrial waste and turn it into usable fuel. And while alchemy has always been something of a myth, LanzaTech's process is already up and running. Right now, it's converting exhaust into ethanol at a steel mill ...