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


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.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Ship&Bunker


This site uses Akismet to reduce spam. Learn how your comment data is processed.