6 years ago

Nova Pangaea Technologies Secures £2.3 Million to Scale Waste-to-Fuel Technology

  • Nova Pangaea Technologies, a UK-based company specializing in converting waste biomass into fuel and chemicals, has secured £2.3 million in funding

  • The round was led by NPIF – Mercia Equity Finance, with additional contributions from existing investors, including Cambridge Angels and Par Equity

  • The company will use the funds to finalize its Teesside demo plant and bring its technology to market.

      • ProblemEnergy

      "Nova Pangaea Technologies is addressing the issue of generating fuel and chemicals from waste biomass, aiming to reduce carbon emissions and dependence on oil while avoiding the use of land or crops suitable for food."

      Solution

      "The company has developed a technology that processes non-food biomass such as waste timber or crop waste into bio-ethanol, which can be blended into petrol, providing a sustainable alternative to traditional fossil fuels."

      Covered on