[Funding alert] Huntingdon-based HutanBio Secures £2.25M in Funding
Jan 20, 2024 | By Startup Rise EU
![Huntingdon-based HutanBio secures £2.25M in funding. The company intends to use the money to lower greenhouse gas emissions, speed up the commercial application of its HBx biofuel oil, and expand its technical and business development teams in Cambridge.](https://startuprise.co.uk/wp-content/uploads/2024/01/Huntingdon-based-HutanBio-Secures-2.25M-in-Funding.webp)
Huntingdon-based HutanBio secures £2.25M in funding. The company intends to use the money to lower greenhouse gas emissions, speed up the commercial application of its HBx biofuel oil, and expand its technical and business development teams in Cambridge.
HutanBio is a biotechnology company headed by CEO Paul Beastall and founded in 2019 by John Archer PhD, Noor Azlin Mokhtar PhD, and Suhaiza Jamhor. The company produces HBx bio-oil, a high energy density, low carbon, sulfur-free fuel solution that is sustainable and scalable and uses CO2 greenhouse gas as a feedstock for algae grown in specialised 'bio-reactor farms'.
Read also - European Tech Community Upscalers Secures Pre-Seed Funding
These farms will be constructed on unproductive, non-agricultural semi-arid and arid terrain in nations with plenty of sunshine. HutanBio planned and created these farms, and artificial intelligence will regulate them to maximise production.
RECOMMENDED FOR YOU
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/01/Utrecht-based-Eddy-Grid-Secures-E1.5-Million-in-Funding.webp)
[Funding alert] Utrecht-based Eddy Grid Secures €1.5 Million in Funding
Startup Rise EU
Jan 22, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/01/Copenhagen-based-Energy-Tech-Reel-Raises-E5-Million-in-Funding.webp)
[Funding alert] Copenhagen-based Energy Tech Reel Raises €5 Million in Funding
Startup Rise EU
Jan 22, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2023/10/Valencia-based-HUNTY-Secures-E1.2-million-in-Funding.webp)
[Funding alert] Valencia-based HUNTY Secures €1.2 million in Funding
Startup Rise EU
Oct 9, 2023
Paul Beastall said: “We have designed HBx from the outset to blend seamlessly with existing infrastructure and supply chains. It requires no engine or vessel modification, meaning adoption of HBx can be immediate and without affecting operational efficiency. Vessel life can be maximised whilst carbon emissions are reduced without changing ship and port operations which is crucial for rapid deployment.”
About HutanBio
HutanBio, They are on a quest to demonstrate that Mother Nature really does have the answers, because they think they know them. ten years of intensely laborious scientific study, tremendous hours, and sacrifice from the individual.
Reda also - Paris-based Kiln Secures $17m in Funding
Recommended Stories for You
![story](https://startuprise.co.uk/wp-content/uploads/2024/04/Paris-based-HysetCo-Secures-E200Million-in-Funding.webp)
[Funding alert] Paris-based HysetCo Secures €200Million in Funding
Startup Rise EU Apr 10, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/03/Munich-based-phelas-Secures-E4.1-Million-in-Seed-Funding-2.webp)
[Funding alert] Munich-based phelas Secures €4.1 Million in Seed Funding
Startup Rise EU Mar 6, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/07/Aptum-and-186Kloud-Announce-Strategic-Partnership-to-Enhance-Cloud-Services-in-the-United-Kingdom.webp)
Aptum partnership news – Aptum and 186Kloud Announce Strategic Partnership to Enhance Cloud Services in the United Kingdom
Startup Rise EU Jul 23, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/02/Berlin-based-Embea-Secures-E4-Million-in-Seed-Funding.webp)
[Funding alert] Berlin-based Embea Secures €4 Million in Seed Funding
Startup Rise EU Feb 21, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/07/German-based-Kipu-Quantum-Acquired-PlanQK.webp)
Kipu Quantum acquisition news – German-based Kipu Quantum Acquired PlanQK
Startup Rise EU Jul 11, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/01/Copenhagen-based-Energy-Tech-Reel-Raises-E5-Million-in-Funding.webp)
[Funding alert] Copenhagen-based Energy Tech Reel Raises €5 Million in Funding
Startup Rise EU Jan 22, 2024