INERATEC secures 118 million euros

With a capital injection of €118 million, the company is accelerating the commercialization of CO2-neutral e-fuels. A step towards greener energy in the transport sector.

Karlsruhe - January 16, 2024 - INERATEC, a company specializing in synthetic fuels, has raised €118 million in a successful financing round. This capital is intended to drive the commercialization of CO2-neutral e-fuels. The Series B venture capital financing is led by Piva Capital, with participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald and Samsung Ventures, as well as support from existing investors such as ENGIE New Ventures, Safran Corporate Ventures and Honda.

By 2030, we plan to convert 1 GW of renewable energy into 165,000 tons of sustainable e-fuels.

Tim Böltken, CEO of INERATEC

Renewable alternative for fossil fuels

Every year, over 4,000 million tons of fossil crude oil are converted into fuels and chemical products. Sectors such as aviation, shipping and the chemical industry are heavily dependent on fossil products. The transformation to renewable molecules is a key challenge for these sectors. The demand for "drop-in" e-fuels, synthetic fuels produced from renewable electricity, green hydrogen and CO2 that require little adaptation to existing infrastructures, is expected to triple by 2030 and increase by 19% annually until 2050.

Pioneering technology

INERATEC is leading the development of climate-neutral fuels. The scalable, patented technology enables the efficient production of e-fuels. The process involves the conversion of CO2 and hydrogen into a synthesis gas, followed by the production of the fuel fractions in another reactor. The e-fuels meet the standards for industries with high fossil fuel consumption.

Since its foundation in 2016, INERATEC has operated numerous pilot plants and works with over 30 customers. The new capital will be used for the series production of Power-to-X plants on an industrial scale. INERATEC plans to convert over 12,000,000 tons of CO2 annually and expand through international projects, such as in the Netherlands and Chile.