INERATEC raises $129 mn to power the world with e-fuels and clean chemicals

According to ESG Today, Germany-based INERATEC is a startup that manufactures e-fuels and synthetic chemicals, with the purpose to replace crude oil. The company's modular facilities use green and gray hydrogen to produce low-emissions fuels and chemicals, such as e-kerosene, clean diesel or CO2-neutral gasoline.

INERATEC officials stated that the financing comes at a right time, since e-fuels will become ever-more important in the coming years for the transport sector, especially, since manufacturers are on a mission to reduce CO2 emissions, while getting ready for the all-electric future of mobility.

The recently-received capital will be used to begin the mass production of the industrial scale e-fuels conversion and INERATEC also started to construct its largest facility to-date in Frankfurt to support the scale of its clean fuel solutions. The company is also expanding through international projects in Chile and the Netherlands, which could expand production by 1.500 times and recycling capacity by 12 million tons yearly.

INERATEC CEO Tim Boeltken said that "with the new capital, we are positioned to catalyze a paradigm shift in the energy sector. Our focus is to scale-up e-Fuels enabled by this new investment. By transforming 1GW of renewable energy into 125 million gallons of sustainable e-Fuel by 2030, we are taking solid steps in creating a viable alternative to fossil fuels."

Photo source: INERATEC