What does Catalyxx do?
Catalyxx is a greentech company that transforms bioethanol into high value intermediate chemicals such as butanol, hexanol, octanol, and decanol using patented catalytic chemistry. The company is committed to reducing CO2 emissions, achieving a reduction of 3.5 kg of CO2 per kg of chemical produced.
How much did they raise?
The company raised €3M in a funding round led by Axon Partners Group. Although the round type is unspecified, this investment reinforces Catalyxx's financial foundation as it moves towards industrial scale expansion.
What are their plans for the money?
With the funds, Catalyxx aims to accelerate the development of its sustainable chemicals R&D and build out its sustainable aviation fuel production facility in Seville. In addition, the company has received pre-approval from the European Investment Bank to pursue a €37M financing package for its first full-scale industrial plant in France, potentially expanding its market reach and impact.
What have they achieved so far?
Catalyxx has already made significant strides, having demonstrated its scalable technology at a TRL7 demonstration plant. This technology not only proves industrial viability but also highlights the company’s commitment to a CO2 negative production process.
