German Start-up Closes $20m Funding Round For Synthetic Fuel Production

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A German start-up with its sights firmly set on the synthetic fuels market has completed a successful $20 million funding round. Investors in Interatec include energy player Engie and box shipping firm MPC, says an article published in Ship&Bunker.

Next project

The firm’s next project is for an industrial pioneer plant close to Frankfurt airport for the production of synthetic fuels. As well as the airline sector, the start-up has shipping, automotive and chemical industries in mind.

Engie said that getting behind Interatec will support its plans for the production of 4 GW of green hydrogen by 2030.

Interatec is developing innovative chemical reactor technology and is linked to the Karlsruhe Institute of Technology.

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Source: Ship&Bunker

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