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Aymium closes $210 Million financing with global investors for advanced biocarbon production facility in Williams, California

Jun 06, 2024•over 1 year ago

Amount Raised

$210 Million

St. PaulManufacturingSustainability

Investors

Nippon Steel TradingHokuriku Electric Power CompanyJapan Green Investment Corp. For Carbon Neutrality (Jicn)Copenhagen Infrastructure Partners (Cip)Ecp Fore Star

Description

Aymium closed $210 million of financing to construct a biocarbon production facility in Williams, California, which will support the first large-scale continuous use of advanced biocarbon to replace coal in power generation in the world. The facility is expected to reduce greenhouse gas emissions by over 500,000 metric tons per year.

Company Information

Company

Aymium

Location

St. Paul, Minnesota, United States

About

Aymium provides environmentally beneficial products and solutions that reduce the environmental footprint of metals, energy and crop production and purify the air and water for millions of people.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech