Metafuels raised USD 24 million in a round led by UVC Partners, with its existing investors also participating. The Zurich-area company will use the financing for engineering and project development as it prepares commercial plants based on aerobrew, its process for converting renewable methanol into aviation fuel.
At the February announcement, Metafuels was preparing its demonstration plant at the Paul Scherrer Institute for operation and advancing its planned Turbe facility in Rotterdam. The funding supports design work and investment decisions for those projects; it does not mean commercial-scale fuel production had begun.
