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Copernic Catalysts Secures $8M to Scale Sustainable Ammonia Production
Slice of Energy Team
November 18, 2024
Key Highlights:
Copernic Catalysts raises $8 million in an oversubscribed Series Seed Prime round.
Funding led by Breakout Ventures, with participation from Innospark Ventures, Future Ventures, and others.
Capital to scale ammonia synthesis catalyst and develop Fischer-Tropsch catalysts for sustainable aviation fuel.
Ammonia accounts for 1% of global carbon emissions; Copernic aims to reduce this significantly.
Source: Business Wire
Notable Quotes:
“To realize the potential of ammonia in global decarbonization efforts, ammonia’s own carbon intensity must be reduced. Copernic utilizes cutting-edge computational materials design to transform the production of commodity chemicals and e-fuels like ammonia for a low-carbon future.”
“Copernic is exactly the type of company we look to support, a deeply experienced team leveraging computation to transform traditional industries.”
Our Take:
Copernic Catalysts is addressing one of the most pressing industrial challenges of our time: decarbonizing the chemical sector. By leveraging computational design and strategic partnerships, the company is well-positioned to make significant strides in sustainable ammonia production and aviation fuel innovation. With its proprietary catalyst already gaining traction among major industry players, Copernic’s technology holds the promise to disrupt traditional manufacturing while contributing to global decarbonization goals. The fresh funding and support from prominent investors signal strong confidence in their potential to reshape the energy and chemicals landscape.