In Denmark, Maersk Growth has made a leading venture investment in Prometheus Fuels, a Silicon Valley-based startup with a promising direct air capture-technology to enable cost efficient, carbon neutral eFuels for shipping. The minority investment in Prometheus Fuels will support A.P. Moller – Maersk’s work to execute on the strategy to decarbonize marine operations. Maersk […]
Bentley’s Continental GT3 Pikes Peak racecar proved to be fastest racecar running on renewable fuel at Pikes Peak International Hill Climb 2021, beating out all other sustainability-focused entrants (like Tesla’s Model S and an Acura NSX). Another car manufacturer, BMW, invested $12.5 million into Prometheus Fuels saying, “Prometheus will make drop-in replacement fuels that are […]
In California, Prometheus Fuels has licensed an ethanol-to-jet-fuel conversion process developed by researchers at the Department of Energy’s Oak Ridge National Laboratory. The ORNL technology will enable cost-competitive production of jet fuel and co-production of butadiene for use in renewable polymer synthesis. The mission of Prometheus Fuels, a startup based in Santa Cruz, California, is […]
