FORGE Hydrocarbons
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | CAD4.2m | Grant | |
* | CAD30.0m | Late VC | |
Total Funding | €22.8m |
Recent News about FORGE Hydrocarbons
EditFORGE Hydrocarbons Corporation specializes in the development and licensing of renewable fuel technology. The company's patented Lipid to Hydrocarbons (LTH) process converts waste fats and low-value organic oils into hydrocarbons that are indistinguishable from traditional petroleum-based fuels. This technology offers significant reductions in greenhouse gas emissions, as well as potential decreases in NOx, SOx, and particulate matter (PM) emissions due to improved combustion properties. FORGE aims to build, own, and operate renewable fuel facilities in North America, either independently or through strategic partnerships, while also licensing its technology globally. The company serves the oil and gas industry, which is increasingly seeking renewable diesel as a premium alternative to biodiesel. FORGE's business model includes both direct operation of renewable fuel facilities and revenue from technology licensing. The company generates income by transforming waste fats into valuable hydrocarbons, achieving lower operating costs compared to biodiesel production.
Keywords: renewable fuels, LTH technology, waste fats, hydrocarbons, emission reductions, oil and gas, licensing, strategic partnerships, low-cost provider, renewable diesel.