TDK Ventures invests in pioneering e-fuel company INERATEC

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Summary

"Every year, more than 4,000 million tons of fossil crude oil worldwide are processed into fuels and chemical products with much of the demand coming from hard-to-abate industries," commented Nicolas Sauvage, TDK Ventures President. To learn more about TDK Ventures, interested startups or investment partners should visit or reach out at .TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately "Attracting Tomorrow." TDKs comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. Modular chemical plants for power-to-X and gas-to-liquid applications use hydrogen from renewable electricity and greenhouse gases such as CO2 to produce e-kerosene, CO2-neutral gasoline, clean diesel or synthetic waxes, methanol or SNG.

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Amount $128.3M Total raised
Date January 16, 2024 Announcement date
Investors - Lead investors
Company https://ineratec.de Funded company

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