Two years after the company’s establishment and its first fundraising of €3m ($3.3m), Cryo Pur raised an additional €6m ($6.6m), again through the Xerys funds, in order to finance its development. The innovative technology company strengthens its equity and its industrial organisation to ready itself for a growing order intake.
“This new fundraising will enable us to achieve our main objectives, namely taking orders on the one hand and industrial growth on the other hand,” said Denis Clodic, CEO and Founder of Cryo Pur.
“Cryo Pur aims to be the global leader in the production of liquid biomethane,” confirms Denis Clodic, a member of the French Academy of Technology and co-winner of the 2007 Nobel Peace Prize for his contributions to the IPCC (Intergovernmental Panel on Climate Change). He adds, “Liquid biomethane (bio-LNG) is a completely carbon-free fuel since it is produced from organic waste, and it is easily stored and transportable.”
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