Vertoro advances renewable oil platform to scale low‑carbon fuels
- First close of a €17m Series B comprising €10m new capital and €7m converted loan notes.
- Investors include Climate Tech Partners, Invest‑NL and Maersk, with contributions from regional funds and VCs.
- Process operates at low pressure and temperature without catalysts, producing a flexible renewable oil compatible with existing refineries.
- Demonstration plant is producing material for tests; commercial rollout planned via licensing with partners including Raízen.
Funding and investors
Vertoro completed the first close of a €17m Series B round, made up of €10m of newly contributed capital and €7m of converted loan notes. Key investors named include Climate Tech Partners, Invest‑NL and Maersk, with additional backing from Energietransitiefonds Rotterdam, LIOF, SHIFT and Brightlands Venture Partners; Transition Finance Network supported the transaction.
Technology and market fit
The company’s platform converts plant‑based waste into a flexible renewable oil using a simpler process that runs at low pressure and temperature without catalysts. The modular design aims to lower capex and operating costs and the product can be used across chemicals, maritime fuels and sustainable aviation fuel pathways while fitting existing refinery infrastructure.
Path to commercialisation
Vertoro operates a demonstration plant to produce material for testing and customer trials and holds multiple patent families. The firm plans commercial deployment through a licensing model and development of large‑scale facilities, citing partnerships that include Raízen.
Strategic implications
Management positions the technology as a way to strengthen energy security by converting local agricultural and forestry residues into usable oil. Climate Tech Partners’ investment is backed by the Airbus‑Qantas SAF partnership, noting SAF’s potential to cut aviation lifecycle emissions by up to 80% in industry commentary.
Source: Vertoro