MCatalysis raises $5m seed for industrial pilot in Lyon
HL Energy Ventures and Oxford Science Enterprises led the round to build a pilot at Axel One in Lyon.
The $5m financing will support an industrial pilot while MCatalysis continues research and development in London. Its modular refining systems convert feedstocks such as off-gas, waste plastics and biomass into drop-in fuels.
A UKRI award mentioned in coverage is separate from the seed round and is not included in the $5m total.
Use of funds
Build an industrial pilot at Axel One in Lyon