In Switzerland, Metafuels announced its first institutional funding round—led by prominent climate VCs Energy Impact Partners (EIP) and Contrarian Ventures.
Metafuels focuses on sustainable aviation fuel made using renewable electricity (eSAF)—a further environmentally-refined version of what has emerged as the leading long-term strategy to decarbonize air travel. It does not require the re-engineering or re-purchase of planes—nor a redesign of the underlying fueling infrastructure which supports both commercial and cargo airlines, route planning, or the existing customer experience, all of which make it an attractive and versatile option.
The Zurich-based startup will use the proceeds from the funding round, involving respected investors EIP and Contrarian Ventures, to set up a pilot facility at the Paul Scherrer Institut (PSI)—with whom the company recently announced a collaboration. Metafuels’ eSAF technology enables a seamless transition away from fossil-based kerosene using a proprietary process for the conversion of green methanol to eSAF. Green methanol is a chemical produced from green hydrogen (H₂) and sustainably-sourced carbon dioxide. Green H₂ can be generated from water electrolysis driven by renewable electricity, whilst CO₂ can be captured from biogenic sources including wastes and residues in the short-term—and through direct air capture in the long-term.
Tags: e-SAF, Metafuels, Switzerland
Category: Fuels
