In the UK, PuriFire Energy has successfully closed a $3.5 million seed round investment led by HICO Investment Group with participation from Bulnes Capital, R&R Investments and Abhishek Desai.
In 2019, Dr Matthew Pearce founded PuriFire, a climate-based startup based in Cambridge, UK. PuriFire aims to commercialise Dr Pearce’s early research into hydrothermal treatment technologies at Cranfield University. Their goal is to accelerate the transition to a low-carbon economy by scaling green hydrogen, biomethanol, and sustainable fuel production to be cost-competitive with fossil fuel alternatives.
PuriFire will combine the seed investment with a $650,000 grant from Innovate UK to set up a unique pilot project by mid-2025 to convert anaerobic digestion liquid digestate and other wet feedstocks into green methanol using PuriFire’s patented technology. As part of this round of investment, Chris Hartnoll, CEO & MD at HICO Investment Group, will join PuriFire’s Board.
Tags: PuriFire Energy, UK
Category: Fuels
