We now have a second clean tech company here reach the billion-dollar club.  Producer of clean fuels from captured waste gas and clean hydrogen, Infinium has received a $1.1 billion investment from Brookfield Asset Management to accelerate development of its eFuels.  Infinium joins Origin Materials in this exclusive club.  Origin, a producer of sustainable chemicals for plastic bottles and caps, raised a billion dollars through going public in 2021, resulting in a company valuation of $1.8 billion.  Hitting these kinds of numbers brings a lot of investor attention to the area.

Under the investment agreement, Brookfield will put more than $200 million into Infinium and its Project Roadrunner, which is currently under development in West Texas. An additional $850 million has been committed for the expansion of other eFuels projects globally.

Infinium has so far committed to producing three products:  eSAF or Sustainable Aviation Fuel, eDiesel for trucking, and eNaptha for plastics production.  All are “drop-in” products that can replace their conventional counterparts without any changes to engines or chemical production processes.  American Airlines has committed to purchase fuel from Infinium’s RoadRunner project in Texas starting in 2026.  Bill Gates’ Breakthrough Energy Catalyst invested $75 million in this Project recently as well, giving it momentum.  Infinium has announced other projects in Norway and France.  

Dennis Schuetzle, CTO of Infinium, will be speaking at a 1 pm BreakOut Session at the GFX Venture Summit and Tech Expo on October 10 at the Roebellen Center on the future for alternative fuels.  Tickets are still available.  Please join us there at our Climate Tech, Sustainability, and Mobility cluster of dozens of exhibitors.