Vertoro raises funding to scale-up its GOLDILOCKS® liquid lignin technology
Vertoro, spin-off company from the Inorganic Materials & Catalysis group of the Department of Chemical Engineering and Chemistry, announces the closing of its latest funding round which was led by MAERSK Growth, SHIFT Invest as well as existing investors Brightlands Venture Partners and LIOF. With this investment round Vertoro is one step closer to its mission. To offer competitive, sustainable products to cost and environmentally conscious customers worldwide. The funds of this round will be primarily used to build a 1kton demo plant ,which will become operational in 2022. The output of this plant will be used to develop the marine fuel in partnership with Maersk as well as other GOLDILOCKS® applications for materials and chemicals markets.
Link to press release: https://www.maersk.com/news/articles/2021/10/14/maersk-invests-in-vertoro-to-develop-green-lignin-marine-fuels