Karls\u00adruhe \u2014 INERATEC, a pioneer in the deve\u00adlo\u00adp\u00adment and produc\u00adtion of synthe\u00adtic fuels, has raised \u20ac118 million in a finan\u00adcing round. This will acce\u00adle\u00adrate the commer\u00adcia\u00adliza\u00adtion of CO2-neutral e\u2011fuels. The Series B venture capi\u00adtal finan\u00adcing is led by US inves\u00adtor Piva Capi\u00adtal with addi\u00adtio\u00adnal inter\u00adna\u00adtio\u00adnal parti\u00adci\u00adpa\u00adtion from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emer\u00adald and Samsung Ventures, as well as increased support from exis\u00adting inves\u00adtors, inclu\u00adding major corpo\u00adra\u00adti\u00adons such as ENGIE New Ventures, Safran Corpo\u00adrate Ventures and Honda.<\/p>\n
\u201cThis finan\u00adcing round is an important mile\u00adstone for INERATEC and the tran\u00adsi\u00adtion from fossil fuels to sustainable e\u2011fuels. With this capi\u00adtal, we are in a posi\u00adtion to bring about a para\u00addigm shift in the energy sector. Our focus is clear: we want to use this invest\u00adment for the global scaling of e\u2011fuels. In order to take concrete steps towards the next era of mobi\u00adlity, we are plan\u00adning to convert 1 GW of rene\u00adwa\u00adble energy into 165,000 tons of sustainable e\u2011fuels by 2030,\u201d says Dr. Tim B\u00f6lt\u00adken, CEO of INERATEC<\/strong>.<\/p>\n Rene\u00adwa\u00adble alter\u00adna\u00adtive for fossil fuels A pionee\u00adring technology<\/strong><\/p>\n The world is moving towards clea\u00adner energy solu\u00adti\u00adons and INERATEC is leading the trans\u00adfor\u00adma\u00adtion in the field of climate-neutral fuels. INERA\u00adTEC\u2019s scalable, paten\u00adted tech\u00adno\u00adlogy enables the effi\u00adci\u00adent produc\u00adtion of e\u2011fuels. The process compri\u00adses two main steps: First, CO2 and hydro\u00adgen are conver\u00adted into a synthe\u00adsis gas. In the second step, the corre\u00adspon\u00adding fuel frac\u00adtions are produ\u00adced from synthe\u00adsis gas in a further reac\u00adtor. The e\u2011fuels meet the stan\u00addards inten\u00added for indus\u00adtries with high fossil fuel consump\u00adtion such as avia\u00adtion, ship\u00adping and the chemi\u00adcal industry.<\/p>\n Since its foun\u00adda\u00adtion in 2016, INERATEC has built and opera\u00adted nume\u00adrous pilot plants and works with over 30 custo\u00admers in the respec\u00adtive appli\u00adca\u00adtion areas. The company has also won seve\u00adral important awards, inclu\u00adding the German Foun\u00adder\u2019s Prize, the Next Economy Award and the EARTO Award. INERATEC was recently selec\u00adted as a top inno\u00adva\u00adtor in the field of sustainable avia\u00adtion fuels by UpLink, the inno\u00adva\u00adtion plat\u00adform of the World Econo\u00admic Forum.<\/p>\n Expan\u00adsion of the global impact<\/strong><\/p>\n The new capi\u00adtal will be used to start series produc\u00adtion of INERA\u00adTEC\u2019s Power-to\u2011X plants on an indus\u00adtrial scale and to drive forward the produc\u00adtion of e\u2011fuels from recy\u00adcled CO2 and rene\u00adwa\u00adble ener\u00adgies. In addi\u00adtion, INERATEC has begun cons\u00adtruc\u00adtion of its largest plant to date in Frank\u00adfurt and conti\u00adnues to expand through inter\u00adna\u00adtio\u00adnal projects, such as in the Nether\u00adlands and Chile. This expan\u00adsion will increase produc\u00adtion by a factor of 1,500, with over 12,000,000 tons of CO2 being recy\u00adcled annu\u00adally. In addi\u00adtion, the tech\u00adno\u00adlogy is to be used world\u00adwide \u2014 where\u00adver CO2 and rene\u00adwa\u00adble energy are available.<\/p>\n \u201cINERA\u00adTEC\u2019s breakth\u00adrough tech\u00adno\u00adlogy is the most promi\u00adsing e\u2011fuels solu\u00adtion we have seen to date for the most diffi\u00adcult to decar\u00adbo\u00adnize sectors such as avia\u00adtion, ship\u00adping and chemi\u00adcals. The company not only produ\u00adces e\u2011fuels. Its reac\u00adtors are more effi\u00adci\u00adent, scalable and enable the indus\u00adtry to convert excess CO2, green elec\u00adtrons and hydro\u00adgen to meet a wide range of needs. From fuels for cars, airplanes and ships to green chemi\u00adcals for our daily needs. We believe that INERATEC has the best solu\u00adtion to change the indus\u00adtry. In this way, we can achieve our common goal of moving away from fossil fuels,\u201d explains Adzmel Adznan, foun\u00adding part\u00adner at Piva Capi\u00adtal<\/strong>.<\/p>\n The inves\u00adtor consor\u00adtium for the Series B finan\u00adcing round consists of:<\/strong><\/p>\n Planet A Ventures, MPC, High-Tech Gr\u00fcn\u00adder\u00adfonds, FO Holding, Safran Corpo\u00adrate Ventures, Honda, ENGIE New Ventures, HG Ventures, TDK, Copec WIND Ventures, RockCreek, Emer\u00adald , Samsung Ventures, Piva Capital.<\/p>\n About INERATEC
\n<\/strong>
\nOver 4,000 million tons of fossil crude oil are proces\u00adsed into fuels and chemi\u00adcal products every year. Much of the demand comes from indus\u00adtries that rely on the speci\u00adfic proper\u00adties of these fossil products. In avia\u00adtion, ship\u00adping and the chemi\u00adcal indus\u00adtry, a sustainable trans\u00adfor\u00adma\u00adtion to rene\u00adwa\u00adble mole\u00adcu\u00adles is ther\u00ade\u00adfore a key chall\u00adenge. Without excep\u00adtion, these sectors are curr\u00adently depen\u00addent on fossil fuels and are urgen\u00adtly looking for rene\u00adwa\u00adble alter\u00adna\u00adti\u00adves in order to achieve their climate targets. The demand for \u201cdrop-in\u201d e\u2011fuels, i.e. synthe\u00adtic fuels produ\u00adced from rene\u00adwa\u00adble elec\u00adtri\u00adcity, green hydro\u00adgen and CO2<\/strong>, which require little or no adapt\u00ada\u00adtion to the exis\u00adting fuel infra\u00adstruc\u00adture, is expec\u00adted to triple by 2030 and increase by 19% each year until 2050.<\/p>\n
\n<\/strong>
\nINERATEC is a pioneer in the field of power-to-liquid appli\u00adca\u00adti\u00adons. The company supplies sustainable e\u2011fuels and chemi\u00adcal products. In modu\u00adlar chemi\u00adcal plants for power-to\u2011X and gas-to-liquid appli\u00adca\u00adti\u00adons, hydro\u00adgen is used to produce e\u2011kerosene, CO2-neutral gaso\u00adline, clean diesel or synthe\u00adtic waxes, metha\u00adnol or SNG from rene\u00adwa\u00adble elec\u00adtri\u00adcity and green\u00adhouse gases such as CO2. Foun\u00added in 2016, the company has alre\u00adady imple\u00admen\u00adted large-scale power-to-liquid plants at German loca\u00adti\u00adons in order to increase the avai\u00adla\u00adbi\u00adlity of sustainable fuels and chemi\u00adcals in various trans\u00adport sectors such as avia\u00adtion. Further infor\u00adma\u00adtion can be found at www.ineratec.com.<\/p>\n