Oxccu Secures £20.75m for Waste Carbon to Jet Fuel Conversion
Oxccu, a University of Oxford spin-out, has secured £20.75m ($28m) in its latest funding round. The company aims to convert waste carbon into sustainable aviation fuels (SAF), addressing the slow pace of technology roll-out in the sector, as highlighted by the International Air Transport Association.
Oxccu's innovative process simplifies SAF production by eliminating the need for reverse water gas shift or e-methanol steps. At the heart of its technology is a patented iron-based catalyst that enables the direct synthesis of jet-fuel-range hydrocarbons from gaseous waste carbon in a single exothermic reaction. This catalyst can operate with a wide range of carbon dioxide, carbon monoxide, and hydrogen input gas compositions, allowing it to convert different feedstocks efficiently.
The company's next phase of development includes the launch of the OX1 demonstration plant in 2024 and the completion of the OX2 plant in 2026. The second demonstration plant is planned to be built in Wilhelmshaven, Germany.
Oxccu's latest funding will accelerate commercialisation and expand operations, bringing its innovative SAF production process closer to market. By simplifying the production process and enabling the use of diverse feedstocks, Oxccu aims to overcome the main bottleneck to SAF, which is the slow pace of technology roll-out.
