INERATEC secures €70 million financing commitment for Europe's largest e-Fuel-production plant in Frankfurt
Germany, March 5 -- Sustainable e-Fuel production pioneer INERATEC today formally agreed a €40 million venture debt loan with the European Investment Bank (EIB) and €30 million grant with Breakthrough Energy Catalyst. The combined €70 million 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 decarbonising aviation.The new e-Fuel financing was announced at the EIB-Group-Forum taking place this week in Luxembourg and underscores the strategic importance of e-Fuels in decarbonizing hard-to-abate sectors such as aviation. The new investment will enable INERATEC to scale up production capacity and commercialize its i...
To read the full article or to get the complete feed from this publication, please
Contact Us.