refuel.green, a Dresden, Germany-based startup that’s creating know-how that may cut back the manufacturing price of e-fuels, closed a €1.2m pre-seed financing spherical.
The spherical was led by Excessive-Tech Gründerfonds.
The corporate intends to make use of the funds to develop the group and its growth efforts.
Led by Sebastian Becker, Co-Founder & CEO, refuel.inexperienced is advancing the “NextGen-PtX Reactor Unit,” which is presently on the brink from laboratory to business. As early as 2023, the primary prototype is anticipated to provide the primary liters of e-fuels in a European refinery. From 2024, scaled prototypes with increased manufacturing output and effectivity will comply with. The beginning of collection manufacturing of the “NextGen-PtX Reactor Unit” is deliberate for the tip of 2025.
Clients will embody refineries and chemical corporations which might be nonetheless depending on fossil crude oil.