Carlsquare advised INERATEC on the EUR 20m financing round with Engie and Safran with the aim of expanding the production of sustainable e-fuels

Engie, Safran and MPC, as well as existing investors provide further growth capital

Strategic investors join INERATEC to scale up the production capacities of synthetic fuels made from CO2 and green hydrogen towards the megaton scale. With the new shareholders from the energy, aviation and shipping sector, INERATEC is extending the setup that enables significant company growth.

In 2021, INERATEC has already opened the to date world’s largest pilot plant for the production of sustainable e-kerosene in the Emsland region, Lower-Saxony. Now, the company plans an industrial pioneer plant close to Frankfurt Airport for the production of sustainable synthetic fuels starting in 2022. Up to 4.6 million liters of INERATEC e-fuels can be produced annually from up to 10,000 tons of biogenic CO2 and renewable electricity. The company will reinforce its leading status in the Power-to-Liquid sector.

INERATEC contributes to achieving the Paris Climate Goals by providing a sustainable solution for the aviation, shipping, automotive and chemical industry. With sustainable e-fuels, those hard to abate sectors can be defossilized. In order to turn this vision into reality, the production capacities for carbon-neutral fuels and chemicals must be scaled up fast.

United by the mission to reach the climate targets

With Engie, Safran and MPC, INERATEC welcomes strategic partners from the industry to its existing investor portfolio consisting of Extantia, Planet A, High-Tech Gründerfonds, FO Holding and the Karlsruhe Institute of Technology. All partners are united by the mission to reach the climate targets. “This is a massive boost for our company. We will provide sustainable, affordable e-fuels and materials for everyone”, states Managing Director and INERATEC founder Dr.-Ing. Tim Boeltken.

“Safran is laser-focused on this vital area to make aviation carbon-neutral by 2050. INERATEC’s leading-edge technologies will bolster the technical expertise needed to develop a certified process for aviation,” said Eric Dalbiès, Safran Senior Executive Vice President, Strategy, Technology and Innovation. Safran’s investment reflects its full support for the accelerated development of sustainable aviation fuel production by energy companies.

“We’re proud to be investing in a startup that combines innovation with the ambition of speeding the transition to net-zero carbon. Hydrogen and e-fuels will play a key role in decarbonizing heavy mobility such as maritime, railway or air transport” adds Olivier Sala, Engie Vice-President, Research and Innovation. “This investment is going to support Engie’s ambitious strategy of being able to produce 4 GW of green hydrogen by 2030.”

Jan Christoph Gras, partner at Planet A Ventures announces: “The existing investors are delighted to further invest in and to support INERATEC on its way to defossilize important industries. The new investors bring the needed expertise and international structures into INERATEC in order to build a truly global player for sustainable e-fuels.”

“The path for synthetic fuels is set for the aviation industry. With this new investment round Ineratec will cement its leading position in this key decarbonisation segment” says Sebastian Heitmann, partner and co-founder at Extantia.

Carlsquare acted as exclusive financial advisor to INERATEC.

INERATEC

Engie

Safran