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Aymium Secures IP-Backed Financing to Accelerate Growth

Author

Slice of Energy Team
June 20, 2024

Key Highlights:

  • Aymium secures IP-backed financing from Fortress and Kilonova.

  • Funds to support capacity growth, R&D, and patent expansion.

  • Largest advanced biocarbon production facility in North America.

  • Investment in new facilities in California and Mississippi.

  • Over 500 issued and pending patents in biocarbon technologies.

Source (Business Wire)

Notable Quotes:

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"The new capital allows accelerated development of additional production facilities that will supply renewable products that displace fossil fuels in metals production and reduce millions of tons of greenhouse gas emissions annually."

James Mennell, CEO at Aymium
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"Aymium has developed a unique technology and differentiated portfolio of intellectual property in biocarbon, and we are excited to provide working capital that will help accelerate their growth."

James Palmer, Managing Director at Fortress
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"The nature of Aymium’s innovation and breadth of its patent portfolio regarding biocarbon products that decarbonize key industries is unparalleled. We are excited to deploy capital that will allow continued innovation and development of additional production capacity to help address Aymium’s $20 billion customer pipeline."

Wes Goldstein, General Partner at Kilonova

Our Take:

Aymium’s recent financing deal with Fortress Investment Group and Kilonova Capital marks a significant milestone in the company’s growth trajectory. This capital infusion is set to bolster Aymium’s capacity expansion, enabling them to meet the growing demand for renewable biocarbon products. With the largest advanced biocarbon production facility in North America and ambitious plans for new facilities in California and Mississippi, Aymium is well-positioned to lead the decarbonization efforts in key industries. The backing from two prominent investment firms not only underscores the potential of Aymium’s innovative technology but also highlights the strategic importance of sustainable solutions in reducing global greenhouse gas emissions.