{"id":138648,"date":"2024-02-12T07:35:00","date_gmt":"2024-02-12T06:35:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=138648"},"modified":"2024-02-03T13:10:35","modified_gmt":"2024-02-03T12:10:35","slug":"breakthrough-for-an-alternative-to-crude-oil-palm-oil-colipi-receives-e1-8-million-seed-funding-for-further-development-of-co2-neutral-climate-oiltm","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/breakthrough-for-an-alternative-to-crude-oil-palm-oil-colipi-receives-e1-8-million-seed-funding-for-further-development-of-co2-neutral-climate-oiltm\/","title":{"rendered":"Breakthrough for an Alternative to Crude Oil &amp; Palm Oil: COLIPI Receives \u20ac1.8 Million Seed Funding for Further Development of CO2-Neutral Climate OilTM"},"content":{"rendered":"\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The global annual demand for oil is staggering, with 4400 million tons of fossil oil and 210 million tons of vegetable oil, often sourced from palms. It is increasing, exacerbating the threat of global warming that poses a significant risk to humanity<\/strong><\/li>\n\n\n\n<li><strong>The Hamburg-based startup COLIPI addresses this challenge with a patented Carbon Capturing &amp; Biotransformation technology that will convert CO<sub>2<\/sub> into Climate Oil. This Climate Oil is intended to have broad applications in the cosmetics and other consumer goods industries, as well as in alternative feedstock to Sustainable Aviation Fuels production.<\/strong><\/li>\n\n\n\n<li><strong>COLIPI successfully completes a \u20ac1.8 million Seed financing round, led by venture capital firm HTGF along with Innovationsstarter Fonds Hamburg, Nidobirds, and business angel Stefan De Loecker. Grants totaling \u20ac4.3 million complement the funding that will be used to enter the market with Climate Oil and scale precision fermentation processes to 10 cubic meters the pilot scale.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>The conclusion of the Seed funding round marks a significant success for the Hamburg-based deep-tech startup COLIPI GmbH as it embarks on the year 2024. Investors include the High-Tech Gr\u00fcnderfonds (HTGF), the Innovationsstarter Fonds Hamburg (IFH), Nidobirds Ventures GmbH, and Stefan De Loecker. With this, COLIPI moves a significant step closer to its vision of\u00a0<em>\u201cFermenting Renewable Carbon For Generational Life Quality\u201d<\/em>.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLaboratory experiments provide compelling evidence that our gas fermentation process represents a breakthrough in bioprocesses, offering significant potential to produce biomaterials, including oils, on a large scale at competitive prices and with minimal environmental impact. Climate Oil aims to emerge as a carbon-neutral alternative to palm and crude oil, facilitating industries in meeting climate goals more effortlessly by reducing GHG Scope 3 emissions and safeguarding the environment. Our ongoing communication with Stefan De Loecker, HTGF, Innovationsstarter Fonds Hamburg, and Nidobirds, partially dating back to 2021, has been instrumental, and we are thrilled to have identified them as the ideal partners for our upcoming endeavors.\u201d &#8211; <strong>Maximilian Webers, Co-Founder &amp; CEO of COLIPI<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>The start-up founded in 2022, a spin-off from the Technical University of Hamburg, supported by the EXIST Research Transfer Program (German Federal Ministry of Economic Affairs and Climate Action) and the InnoRampUp Program (IFB Innovationsstarter GmbH), is revolutionizing the way oil is produced.&nbsp;<\/p>\n\n\n\n<p>COLIPI is, in a sense, a brewery for oils. Carbon is sourced or filtered from the air rather than pumped from the ground. CO2-containing industrial emissions and organic by-products, for example, from the agricultural industry, are converted by microorganisms through fermentations into valuable biomaterials like Climate Oil. The oil is more sustainable than crude oil and palm oil, considering the CO2 footprint and its impact on biodiversity. It is enabled by a patented bioprocess, a combination of a specially designed gas fermentation bioreactor and the world\u2019s fastest CO2-consuming bacteria.&nbsp;<\/p>\n\n\n\n<p>Industrial partners offering products such as cosmetics based on Climate Oil will be able to significantly reduce their corporate CO2 footprint. The founders, Philipp Arbeiter, Tyll Utesch, Jonas Heuer, and Maximilian Webers, aim to produce many millions of tons of Climate Oil annually by 2039, avoiding multiples of that amount in CO2 emissions. This will be an active contribution to climate protection and, consequently, humanity\u2019s well-being. The recently completed Seed financing is another milestone for the young company. The capital will be utilized to expand the team, test the market with products manufactured by partners, and scale the technology.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The founders of COLIPI, with their high technical expertise in biotechnology and truly innovative approaches to sustainable solutions for a significant challenge, serve as a prime example of the potential of the bioeconomy. &#8211; <strong>Dr. Nik Raupp, Senior Investment Manager at HTGF<\/strong><\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>I look forward to future collaboration with the team at COLIPI. This technology has the potential to replace a mass-produced product at an acceptable price, thereby making a real impact. &#8211; <strong>D\u00f6rte Bunge, Principal at Innovationsstarter Fonds<\/strong><\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Technology transfer from universities occurs not only through direct industry collaborations, publications, patents, and graduates but also via startups. Technological solutions, such as those developed by COLIPI, are essential to mitigate climate change. We are pleased that, as a founding university, we have been able to lead a series of successful startups in green technologies through our startup hub, Startup Port @ TUHH. We extend our heartfelt congratulations to COLIPI on this additional funding and are happy to accompany them on their continued journey! &#8211; <strong>Prof. Dr.-Ing. Andreas Timm-Giel, President at TU Hamburg<\/strong><\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The innovation from COLIPI can make a significant contribution to climate protection, especially because the economic viability of the technology is attractive. This issue has been close to my heart for years, and the enthusiasm of the COLIPI team is contagious. &#8211; <strong>Stefan De Loecker<\/strong><\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>COLIPI aligns perfectly with our value investing philosophy. For us, the quality of the founding team always takes precedence, and this team has convinced us. &#8211; <strong>Nicholas Keuper, Managing Director at Nidobirds Ventures<\/strong><\/p>\n<\/blockquote>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.htgf.de\/wp-content\/uploads\/2024\/01\/group-lab-fun-1620x1080.jpg\" alt=\"\" class=\"wp-image-112029\" style=\"aspect-ratio:1.5;width:822px;height:auto\"\/><figcaption class=\"wp-element-caption\">from left Erich M\u00fcller, Dr. Philipp Arbter, Dr. Tyll Utesch, Jonas Heuer, Maximilian Webers, Ma\u00eblle Grimault, Dr. Jan Herzog and Arjun Krishnakumar (Picture: COLIPI)<\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>About COLIPI<\/strong><\/h3>\n\n\n\n<p>Hamburg-based COLIPI is developing an industrial biotechnological process that transforms climate-damaging CO2 and carbon-containing industrial waste into Climate Oil. This product serves as a sustainable and climate-neutral alternative to palm oil and crude oil. A patented bioreactor system is the key differentiator. The solution has the potential to become the world\u2019s fastest and, consequently, the most cost-effective CO2-transforming bioprocess. Some of the founders had initial exposure to the technology a decade ago. Since 2021, the project has been supported by EXIST, and in 2022, Philipp Arbter, Tyll Utesch, Jonas Heuer, and Maximilian Webers spun off COLIPI from the Technical University of Hamburg.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Contact<\/strong><\/h3>\n\n\n\n<p>Maximilian Webers, Co-founder &amp; CEO<br>Tel.:\u00a0 +49 40 76629 3740<br>E-Mail: <a>hello@colipi.com<\/a>\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Innovationsstarter Fonds Hamburg<\/strong><\/h3>\n\n\n\n<p>The Innovationsstarter Fonds Hamburg GmbH invests venture capital in young, innovative companies to strengthen the startup scene in Hamburg and contribute to the development of promising businesses. The fund provides open participations of up to a maximum of EUR 1.5 million per company. Investors in the fund include the city of Hamburg and the European Regional Development Fund (ERDF). The fund is managed by IFB Innovationsstarter GmbH, a wholly-owned subsidiary of the Hamburg Investment and Development Bank.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Contact<\/strong><\/h3>\n\n\n\n<p>IFB Innovationsstarter GmbH<br>D\u00f6rte Bunge<br>Tel.: +49 40 6579805 95<br>E-Mail: <a>bunge@innovationsstarter.com<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Nidobirds Ventures<\/strong><\/h3>\n\n\n\n<p>Nidobirds invests in startups in the seed phase. As value investors, we establish long-term relationships with companies that have strong founding teams and differentiated products. Our investments are located in Germany and the United Kingdom.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About High-Tech Gr\u00fcnderfonds<\/strong><\/h3>\n\n\n\n<p>The seed investor High-Tech Gr\u00fcnderfonds (HTGF) finances tech start-ups with growth potential and has supported more than 700 start-ups since 2005. With the launch of its fourth fund, HTGF now has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF\u2019s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected about 5 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 170 companies.\u00a0<br><\/p>\n\n\n\n<p><a href=\"https:\/\/www.htgf.de\/de\/ueberuns\/fonds\/\">Fund investors<\/a>\u00a0in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The conclusion of the Seed funding round marks a significant success for the Hamburg-based deep-tech startup COLIPI GmbH as it embarks on the year 2024. Investors include the High-Tech Gr\u00fcnderfonds (HTGF), the Innovationsstarter Fonds Hamburg (IFH), Nidobirds Ventures GmbH, and Stefan De Loecker. With this, COLIPI moves a significant step closer to its vision of\u00a0\u201cFermenting [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":138671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Start up is going to enter the market with its Climate Oil and scale precision fermentation processes to 10 cubic meters the pilot scale","footnotes":""},"categories":[5571],"tags":[5796,23523,10744,10416,12228,16792,10743],"supplier":[19610,9812,23522],"class_list":["post-138648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-co2-based","tag-biotechnology","tag-biouels","tag-carboncapture","tag-circulareconomy","tag-cosmetics","tag-saf","tag-useco2","supplier-colipi-biotech","supplier-high-tech-gruenderfonds","supplier-innovationsstarter-fonds-hamburg-ifh"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/138648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=138648"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/138648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/138671"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=138648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=138648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=138648"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=138648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}