St Paul Minnesota based leading producer of renewable biocarbon products Aymium has secured Series B funding to support capacity expansion and increased deployment of its environmental technologies bringing total investment in the company to over USD 200 million. The list of investors includes Sandton Capital, Steel Dynamics Inc, Rio Tinto & Nippon Steel Trading. Strategic investors are interested in displacing fossil fuel inputs in their facilities for metals production and use of Aymium’s products to accelerate their decarbonization initiatives. Proceeds from the financing will be used to advance construction of Aymium’s newest production facility in Williams, California and another in the Pacific Northwest. The new facilities will employ over 125 people combined and will be operational in 2023. Production from both plants is contracted through 2037 and is projected to reduce over 1.4 million tonnes per year of CO2 equivalent to removing over 300,000 cars per year from the road.Aymium’s products allow immediate replacement of fossil fuels with renewable, carbon negative inputs without any changes to existing manufacturing processes or equipment. Aymium’s products, including bio carbon and bio hydrogen, are protected by more than 250 issued and pending patents globally and are engineered to immediately displace fossil fuel-based inputs, such as coal or coke in steel and metals production, without the need for any type of plant modifications.Aymium operates the largest advanced bio carbon production facility in North America located near Marquette in Michigan. Aymium’s patented process converts certified sustainably sourced biomass into bio carbon using integrated thermolysis. The non-combustion process converts biomass to high purity bio carbon and biogas, recovers and recycles water from the biomass, and is powered by self-generated renewable energy. Aymium’s process produces the only commercially demonstrated carbon-negative input for global steel production.Credit Suisse Securities (USA) LLC acted as exclusive placement agent in connection with Aymium’s Series B financing. Latham & Watkins, LLP acted as legal counsel to Aymium.
St Paul Minnesota based leading producer of renewable biocarbon products Aymium has secured Series B funding to support capacity expansion and increased deployment of its environmental technologies bringing total investment in the company to over USD 200 million. The list of investors includes Sandton Capital, Steel Dynamics Inc, Rio Tinto & Nippon Steel Trading. Strategic investors are interested in displacing fossil fuel inputs in their facilities for metals production and use of Aymium’s products to accelerate their decarbonization initiatives. Proceeds from the financing will be used to advance construction of Aymium’s newest production facility in Williams, California and another in the Pacific Northwest. The new facilities will employ over 125 people combined and will be operational in 2023. Production from both plants is contracted through 2037 and is projected to reduce over 1.4 million tonnes per year of CO2 equivalent to removing over 300,000 cars per year from the road.Aymium’s products allow immediate replacement of fossil fuels with renewable, carbon negative inputs without any changes to existing manufacturing processes or equipment. Aymium’s products, including bio carbon and bio hydrogen, are protected by more than 250 issued and pending patents globally and are engineered to immediately displace fossil fuel-based inputs, such as coal or coke in steel and metals production, without the need for any type of plant modifications.Aymium operates the largest advanced bio carbon production facility in North America located near Marquette in Michigan. Aymium’s patented process converts certified sustainably sourced biomass into bio carbon using integrated thermolysis. The non-combustion process converts biomass to high purity bio carbon and biogas, recovers and recycles water from the biomass, and is powered by self-generated renewable energy. Aymium’s process produces the only commercially demonstrated carbon-negative input for global steel production.Credit Suisse Securities (USA) LLC acted as exclusive placement agent in connection with Aymium’s Series B financing. Latham & Watkins, LLP acted as legal counsel to Aymium.
