🌿 British-Malasian marine algae biofuel start-up HutanBio has secured £2.25m seed investment to produce carbon-negative biodiesel. 🌊 The investment will accelerate the commercial use of HBx biofuel oil, a low carbon fuel made from salt-water algae. 💰 HutanBio plans to expand its team and pilot-scale production in Cambridge. The company aims to build bio-reactor farms in countries with high sunlight levels to grow the algae.
📢 Revolutionary Algae Biofuel Startup Nets £225m Investment
Introduction:
British-Malaysian marine algae biofuel start-up HutanBio has secured £2.25m in seed financing to produce carbon-negative biodiesel in brackish water.
Main points:
- HutanBio, a spin-out from Cambridge University, has received seed investment from the London-based Clean Growth Fund.
- The investment will accelerate the commercial use of HBx biofuel oil, a low-carbon fuel made from auxotrophic salt-water algae.
- HBx biodiesel is a scalable, high-energy density, low-carbon, sulphur-free fuel solution that uses CO₂ greenhouse gas as a feedstock.
- The fuel is designed as a drop-in replacement for diesel and feedstock for aviation fuels, requiring no engine or vessel modification.
- The algae used to produce HBx biodiesel are grown in special “bio-reactor farms” that do not drive deforestation or compete with agricultural land or fresh water sources.
Conclusion:
HutanBio’s seed financing will allow them to expand production and accelerate the commercial use of their low-carbon biodiesel. The scalable and sustainable nature of HBx biodiesel makes it an attractive alternative to traditional fossil fuels, as it does not require engine or vessel modification and does not compete with food resources or drive deforestation. This investment showcases the growing interest and support for clean energy solutions in the UK.
