European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Aero

Safran and Engie New Ventures invest in Ineratec, a German startup specializing in carbon-neutral synthetic fuels

by Marie Weil
January 21, 2022
A A
Share on LinkedinShare on Twitter

Safran, through its Safran Corporate Ventures investment arm for high-tech startups, has teamed up with Engie New Ventures, Engie’s venture-capital subsidiary dedicated to innovative startups accelerating the energy transition, and with other partners—HTGF, MPC Capital, Extantia, Planet A and FO Holding—to invest in Ineratec, a young German firm offering technologies for the development and production of carbon-neutral synthetic fuels that could replace fossil fuels.

Ineratec provides modular plants to convert “green” hydrogen, made using renewable electricity and biomass CO2 or captured CO2, into carbon-neutral fuels like e-methane, e-diesel and e-kerosene. Headquartered in Karlsruhe, Germany, the firm has already deployed 13 e-fuel demonstration plants for a range of applications and opened a first sustainable aviation fuel (SAF) plant in Lower Saxony. Ineratec now intends to fund a pilot plant in Frankfurt capable of producing 3,500 metric tons of fuel a year, including SAF supplied directly to the city’s airport. This project is planning to deliver up to 10 MW by 2023.

No time to lose decarbonizing aviation

Safran’s investment is fully aligned  with the company’s strategic roadmap for decarbonized aviation and reflects its full support for the accelerated development of sustainable aviation fuel production by energy companies. “Safran is very committed to this field which is indispensable achieve the industry’s objective of becoming 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.

This investment will enable Safran to work on different technologies for sustainable fuels that can already be blended up to 50% with current fuels and will be 100% usable in ultra-optimized future-generation engines.

A clear commitment to the energy transition

Engie New Ventures’ investment is driving development of a range of decarbonized fuels for heavy goods transportation while helping Engie to reach its goals for green hydrogen and CO2 reductions for its customers.

“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” said 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.”

The investment joins Engie New Ventures’ broad range of solutions spanning the hydrogen value chain.

“This is a massive boost for the scale-up of our e-fuel production capacities, enabling us to strengthen our focus on further industrialization to achieve plant capacity on a megaton scale. We will provide sustainable, affordable e-fuels and materials for everyone,” added Tim Böltken, co-founder and managing director of Ineratec.

Tags: < Invest

Related Industries

Aero

Change in top management at Lufthansa Group and Lufthansa Airlines

February 23, 2023
Aero

Sumitomo Corporation invests in German eVTOL aircraft developer/manufacturer Volocopter

February 22, 2023
Aero

Airbus selects Thomas Toepfer as future Chief Financial Officer

February 16, 2023
Aurelie Lamachere / Safran
Aero

Jean-Michel Hillion appointed Executive Vice-President Wheels & Brakes Division of Safran Landing Systems.

February 7, 2023
Aero

Lufthansa Group and VARO Energy sign MoU for cooperation in the field of Sustainable Aviation Fuels

February 3, 2023
Aero

Management change at Brussels Airlines

February 1, 2023

Huawei’s Green Target Network and 5G Smart Ocean Projects Win Multiple GTI Awards

March 4, 2023

...

Bayer driving innovation in radiology with new research across the portfolio presented at ECR

February 23, 2023

...

Dominik Risse takes over as head of LANXESS Urethane Systems Business Unit

February 25, 2023

...

ELC Partners with boom! to Empower Women in Supply Chain in the UK and Worldwide

March 7, 2023

...

OPPO Pledges Carbon Neutrality Across its Operations by 2050 at MWC 2023

March 2, 2023

...

Interview with Mr. Sébastien Huron, CEO, Virbac group

March 6, 2023

...

BASF advances innovation pipeline with integrated solutions to accelerate agriculture’s transformation

March 16, 2023

...

Joachim Aelvoet is the new Country Executive of ABN AMRO in Belgium

March 9, 2023

...

Introducing the Aygo X UNDERCOVER

March 3, 2023

...

Carlsberg Group appoints new Chief Executive Officer

March 17, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist