EUR 20 million in Series A for INERATEC
INERATEC wins strategic investors to increase production capacities for synthetic fuels from CO2 and green hydrogen into the megaton range. With the new shareholders from the energy, aviation and shipping industries, INERATEC creates the framework for significant corporate growth.
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 from 2022. Up to 4.6 million liters of INERATEC e‑Fuels will 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.
INERATEC is making a significant contribution to achieving the Paris climate targets by offering a sustainable solution for the aviation, shipping, automotive and chemical industries. With sustainable e‑Fuels, these sectors can be defossilized. To turn this vision into reality, there needs to be more rapid expansion of production capacity for CO2-neutral fuels and chemicals.
United by the mission to meet climate targets
With Engie, Safran and MPC, INERATEC welcomes strategic partners from industry to complement the existing investor portfolio consisting of Extantia, Planet A, High-Tech Gründerfonds, FO Holding and the Karlsruhe Institute of Technology. All partners are united by the mission to achieve climate goals. “This is a tremendous boost for our company. We will provide sustainable, affordable e‑fuels and materials for everyone,” said CEO and INERATEC founder Dr.-Ing. Tim Böltken.
“Safran is focused on this important area to make aviation carbon neutral by 2050. INERATEC’s leading-edge technologies will strengthen the technical expertise needed to develop a certified process for aviation,” said Eric Dalbiès, senior executive vice president, strategy, technology and innovation at Safran. Safran’s investment demonstrates the company’s broad commitment to accelerating the development of sustainable aviation fuel production capacity.
“We are proud to invest in a start-up that combines innovation with the goal of accelerating the transition to carbon-free aviation. Hydrogen and e‑fuels will play a key role in the decarbonization of heavy mobility, such as shipping, rail and aviation,” added Olivier Sala, Engie Vice-President, Research and Innovation. “This investment will support Engie’s ambitious strategy to produce 4 GW of green hydrogen by 2030.“
Jan Christoph Gras, Partner at Planet A Ventures, announces, “The existing investors are pleased to further invest in INERATEC and support the company on its path to defossilize key industries. The new investors bring the necessary expertise and international structures to INERATEC to build a true global player in sustainable eFuels.”
“The way is paved for synthetic fuels in the aviation industry. With this new investment round, INERATEC will consolidate its leading position in this important segment to be decarbonized,” said Sebastian Heitmann, partner and co-founder of Extantia.