20 million Euro Series A from ENGIE and SAFRAN in e‑fuels pioneer Ineratec
Freiburg/Berlin/Paris — INERATEC wins strategic investors to increase production capacity for synthetic fuels from CO2 and green hydrogen into the megaton range. With the new shareholders from the energy, aviation and shipping industries, INERATEC is creating the framework for significant corporate growth.
The law firm Friedrich Graf von Westphalen & Partner (FGvW) advised the French groups ENGIE and SAFRAN on the 20 million Euro Series A financing round of Ineratec GmbH. ENGIE and SAFRAN have each invested in Ineratec through their investment companies ENGIE New Ventures (ENV) and Safran Corporate Ventures. In addition to ENGIE and SAFRAN, five other investors, including the German MPC Group, participated in the financing.
The financing consortium consists of the current investors High-Tech Gründerfonds (HTGF), Extantia Capital, FO Holding and Planet A as well as the new partners Engie, Safran and MPC.
The growth capital will enable Ineratec to further expand the production of carbon-neutral synthetic fuels and plan a pioneering industrial plant in Frankfurt Höchst.
Ineratec GmbH, founded in 2014 out of KIT and headquartered in Karlsruhe, is a leading manufacturer of modular chemical plants for the production of synthetic fuels, which are used in aviation, among other applications. In addition, the plants can produce synthetic natural gas, chemical feedstocks and methanol.
INERATEC has already opened the world’s largest pilot plant for the production of sustainable e‑kerosene in Emsland, Lower Saxony, in 2021. Now the company is planning an industrial pioneering plant for the production of sustainable synthetic fuels near Frankfurt Airport starting in 2022. Up to 4.6 million liters of INERATEC e‑Fuels are to be produced annually from up to 10,000 tons of biogenic CO2 and renewable electricity. The company will further expand its leading position in the field of power-to-liquid.
ENGIE, headquartered in La Défense in the French capital Paris, is a listed energy group with over 150,000 employees and around 60 billion euros in annual sales. ENV is an ENGIE investment fund endowed with 180 million euros that invests in start-ups relevant to the energy transition.
The Safran technology group, also listed on the stock exchange and headquartered in Paris, is a leading supplier to the international aerospace industry and generates annual sales of around 16.5 billion euros with approximately 80,000 employees.
Engie and Safran were advised by a cross-office M&A team of Friedrich Graf von Westphalen & Partner led by Dr. Barbara Mayer (photo). CMS was active on the opposite side.
Advisors to Engie & Safran: Friedrich Graf von Westphalen & Partner, Freiburg
Dr. Barbara Mayer, Partner (Lead Partner, Corporate, M&A, Freiburg)
Christian Burmeister, Senior Associate (Corporate, M&A, Berlin)
Advisors to Ineratec: CMS, Berlin
INERATEC’s technology is making a significant contribution to achieving the Paris climate targets by providing a sustainable solution for the aviation, marine, automotive and chemical industries. Sustainable e‑fuels can defossilize these sectors. To turn this vision into reality, production capacities for CO2-neutral fuels and chemicals must be expanded rapidly.
INERATEC was awarded the Next Economy Award of the German Sustainability Award. The award recognizes founders whose innovative business models are actively shaping the transition to a more sustainable economy.