Citroniq Chemicals, specializing in carbon-negative materials, has successfully closed a $12 million Series A financing round.
With backing from co-investor Lummus Technology and others, this funding will help the company to deliver clean, sustainable materials to industries worldwide. The investment will go toward planning, design, and construction of Citroniq’s very first plant in Nebraska.
Citroniq is focused on converting ethanol into bio-based plastics. They are currently building the world’s largest decarbonization platform that can capture and avoid 2 million metric tons of greenhouse gas emissions annually per plant.
It’s incredible to see innovations like these driving environmental impact while also proving financially viable. Congrats to Citroniq and their investors backing a cleaner future!
