Liquium Secures $2 Million for Ammonia Decarbonization Technology Development
Liquium has secured over $2 million to further develop its ammonia production technology, building on a previous $1.5 million seed round in 2022. The funding, led by Climate Venture Capital Fund (CVCF), grants CVCF approximately 17% equity in the company and marks its first investment from Fund 2. Liquium aims to improve ammonia manufacturing efficiency through advanced chemical catalysts, as global ammonia production reached around 240 million tonnes in 2023.
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Liquium has raised over $2 million to advance its ammonia production technology, following a previous $1.5 million seed round in 2022. The capital raise was led by Climate Venture Capital Fund (CVCF), which now owns approximately 17% equity in Liquium.
The investment marks CVCF's first from its Fund 2. Liquium is focused on developing chemical catalysts to enhance ammonia manufacturing efficiency. In 2023, global ammonia production reached about 240 million tonnes.
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