In Germany, sustainable e-fuel production firm INERATEC formally agreed a $43.7 million venture debt loan with the European Investment Bank (EIB) and $32.7 million grant with Breakthrough Energy Catalyst. The combined $76.5million backing will finance construction of Europe`s largest sustainable e-Fuel production plant in Frankfurt and e-Fuel research and development of future, key steps in decarbonizing aviation. The new investment will enable INERATEC to scale up production capacity and commercialize its innovative reactor technology, which converts green hydrogen and CO2 into synthetic aviation fuel. The committed project funding, confirmed earlier this year, represents a significant step in commercialization of INERATEC’s Power-to-Liquid technology, accelerating the transition towards a net-zero future, the firm said. At the production site outside Frankfurt, the main feedstock is supplied from the industrial park: the CO2 comes from a biogas plant that recycles waste, and the hydrogen is a by-product from an existing chlorine production facility. The plant will produce up to 2,500 tons of e-Fuel annually that will be delivered to the aviation sector, among others.
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