Congratulations to the INERATEC team on their €70 million in funding from the European Investment Bank (EIB) and Breakthrough Energy Catalyst to scale up e-Fuel production and drive further research and development for sustainable fuels. This is a major step forward for the company and we're proud to have supported Tim Boeltken and the team on their journey. With this capital, they'll be able to build Europe's first large-scale e-fuel plant and demonstrate that e-fuels are a crucial part of achieving a competitive net-zero economy, particularly in the mobility and transport sectors. 🚀
🚀 INERATEC has secured up to €70 million in funding comittment from the European Investment Bank (EIB) and Breakthrough Energy Catalyst to scale up e-Fuel production and drive further research and development for sustainable fuels. This funding includes a grant by Breakthrough Energy Catalyst, underpinning the maturity of our technology. It will support the development of Europe’s first large-scale e-Fuel plant in Frankfurt, which will produce up to 2,500 tons of e-Fuels and e-Chemicals. Our e-Fuels, including e-SAF, will play a crucial role in climate-friendly aviation and ensuring compliance with EU ReFuelEU regulations. A huge thank you to our financing partners for their trust and support in scaling our cutting-edge technology for a sustainable future! #NextEra Disclaimer: Please note that "close" as used in the image below means that INERATEC has secured funding commitments that remain subject to the satisfaction of certain conditions precedent.