menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

Spanish sc...
source image

Eu-Startups

1w

read

169

img
dot

Spanish scale-up Catalyxx secures pre-approval for €37 million for biobutanol plant in France

  • The European Investment Bank (EIB) has granted Seville-based Catalyxx pre-approval for €37 million in funding to support the construction of its first full-scale industrial plant in France for the production of biobutanol and other alcohols.
  • Catalyxx has raised over €18 million in the past year with the support of funds such as Axon Desarrollo Andalucía, Aether Chemical Investments, and the European Commission’s EIC Accelerator programme.
  • The French plant will utilize Catalyxx’s proprietary technology to transform bioethanol into biobutanol and other renewable bioalcohols, offering sustainability, a negative carbon footprint, and cost competitiveness.
  • Catalyxx's strategic focus is on producing renewable chemicals from bioethanol and aims to become a benchmark in the circular, low-carbon chemical industry with the upcoming plant in France.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app