PXR advises Carbon One on its financing from Maersk Growth
PXR has advised Berlin-based climate-tech startup Carbon One on its financing from Maersk Growth, the venture capital arm of A. P. Møller - Maersk.
Carbon One develops new, climate-friendly chemical production processes by rethinking chemical reactions from the atomic level all the way up to the production scale. The startup has thus found a way to mass produce green methanol at a competitive price. Green methanol is particularly suitable as a low-carbon fuel alternative to oil for container ships.
With this investment, the start-up intends to further expand its highly efficient catalysis and also send a strong signal to the market for more climate-friendly shipping. Previously included investors are Planet A Ventures, Square One Ventures and experienced industrial managers such as Jim Hagemann Snabe, Chairman of the Supervisory Board of Siemens, and Prof. Wolfgang Reitzle, most recently Chairman of the Supervisory Board of Linde.
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