C1 raised €20 million in fresh capital to replace fossil resources in the shipping, aviation and chemical industries
Green methanol: Commercialisation of the circular raw material of the future
Cleantech company C1 Green Chemicals AG has successfully secured €20 million in fresh capital to bring its groundbreaking green methanol catalysis technology to market. Green Methanol can be used to defossilize three key industries: shipping, aviation and carbon-based chemical production. At the same time, the use of this circular raw material significantly reduces dependence on foreign resources and strengthens the industry’s resilience.
Of the total capital raised, €15 million come from a capital increase involving renowned investors, led by denkapparat, the family office of think-cell founders Markus Hannebauer and Arno Schödl. Planet A Ventures, Maersk Growth, SquareOne, Prof. Wolfgang Reitzle (former CEO of Linde) and Jim Hagemann Snabe (Chairman of Siemens) also took part in the funding round. The remaining €5 million come from approved research grants.
“At C1, everything comes together perfectly: Cutting-edge research targeting an ecologically and commercially significant problem, pragmatic founders with a clear vision, and a team boasting impressive technological and commercial expertise. This is exactly the profile we are looking for as entrepreneurial investors. It was immediately clear that we would take the lead in this round”, says Markus Hannebauer from denkapparat.
The next step: world’s first demonstration plant
C1 will use the capital raised to build the world's first demonstration plant for homogeneously catalyzed methanol. Preparations for this are already underway, with construction slated to start this year. C1 is continuing to accelerate the path towards competitive, green methanol.
Attracting top talent from the industry
“Two ingredients are crucial for the successful commercialization of scientific innovation: talent and capital. We are delighted that we at C1 have excellent access to both ingredients”, comments Christian Vollmann, CEO of C1 Green Chemicals AG.
With its ambitious plans, C1 has recently been able to recruit experienced chemists, chemical engineers and project managers from established companies such as Linde, BASF, Clariant, Shell and Tesla. The Berlin-based company is thus rapidly becoming a talent magnet, playing a central role in the transformation of the chemical industry.
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