TL;DR:
- Ineratec, a German e-Fuel company, has raised over $129 million in Series B funding.
- The funding will be used to start mass production of industrial-scale Power-to-X plants and advance the production of e-Fuels made from recycled CO2 and renewable energy.
- Ineratec has already implemented power-to-liquid plants in Germany and is expanding through international projects in the Netherlands and Chile.
Ineratec, a Karlsruhe, Germany-based e-Fuel company, has raised over $129M in Series B funding. The funding round was led by Piva Capital and included participation from Planet A Ventures, MPC, High-Tech Gründerfonds, FO Holding, Safran Corporate Ventures, Honda, ENGIE New Ventures, HG Ventures, TDK, Copec WIND Ventures, RockCreek, Emerald, and Samsung Ventures.
Ineratec plans to use the funds to start mass production of its industrial-scale Power-to-X plants worldwide and advance the production of e-Fuels made from recycled CO2 and renewable energy. The company’s modular chemical plants use hydrogen from renewable electricity and greenhouse gases like CO2 to produce e-kerosene, CO2-neutral gasoline, clean diesel, synthetic waxes, methanol, or SNG. Ineratec has already implemented power-to-liquid plants at German sites to boost the availability of sustainable fuels and chemicals in various transportation sectors, including aviation.
The company has also begun construction of its largest plant to date in Frankfurt and is expanding through international projects in the Netherlands and Chile. Ineratec aims to contribute to the reduction of carbon emissions by producing sustainable e-Fuels that can replace traditional fossil fuels and reduce the environmental impact of transportation.
