
Danish biofuel startup Kvasir Technologies raised €10 million in Series A funding from European Energy, EIFO, Mærsk Growth, and Footprint Fund. The company formed KVEEN Biofuels with European Energy to build a commercial-scale facility. Its technology converts lignin-based residues into drop-in marine biofuels that require no engine modifications.
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Summary by ByteBrief
Mantle Energy Raises $5M in Seed Funding