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Based in 2022, FluoRok is a College of Oxford spin-out that has evolved an cutting edge patented form to get right of entry to fluorochemicals, chemical substances containing the part fluorine and key to international power transition, healthcare and meals provide.
With a rising marketplace valued at $24bn, fluorochemical production will depend on a centuries-old, carbon-intensive procedure centred round hydrogen fluoride (HF), a highly-toxic, hazardous and difficult-to-handle chemical. FluoRok has evolved a cover and sustainable manner totally bypassing HF and offering environmentally pleasant get right of entry to to fluorochemicals generation lowering procedure prices. FluoRok’s groundbreaking innovation has won considerable traction, attracting various possible consumers throughout core markets of Li-ion battery electrolyte salts and agrochemicals.
The investment will assistance crew enlargement and expanded manufacturing amenities for the preliminary provide of fluorinating reagents and lithium hexafluorophosphate (LiPF6), a key constituent of lithium-ion batteries.
Dr Gabriele Pupo, CEO and founding father of FluoRok, stated: “We are delighted to welcome BGF, Green Generation Fund and Volta Energy Technologies to our investor base. Their experience of building breakthrough businesses in battery and sustainable technologies is invaluable. With an outstanding investor syndicate, we continue our mission to make fluorochemicals production safer, cheaper, and more sustainable. This investment is critical in scaling and commercialising our proprietary technology with partners across the global fluorochemical supply chain, and in accelerating technology that will provide a reliable and localised supply of a key component of Li-ion batteries.”
Dennis Atkinson, investor at BGF, stated: “FluoRok’s approach transforms the safety and sustainability of fluorochemical production while reducing costs. Particularly encouraging is significant early demand from customers worldwide and we look forward to supporting FluoRok’s journey to disrupt the global market and reach commercial scale.”
Manon Littek, creation spouse at Inexperienced Hour Investmrent, stated: “FluoRok’s revolutionary process offers a breakthrough for the fluorination industry, enabling access to compounds fundamental to energy transition, global food supply, and health. As we continue our mission toward a resilient and sustainable future, GGF is thrilled to partner with a future global leader in fluorination and supply chain independence.”
Dr Jeff Chamberlain, CEO and Founding father of Volta Power Applied sciences stated: “Volta is enthused and eager to support FluoRok as it commercialises and scales its unique fluorinating agents. The use of FluoRok’s reagents in the battery industry promises to enable production of fluorinated electrolyte salts, like LiPF6, without the use of toxic and corrosive hydrofluoric acid. This will reduce barrier-to-entry to the electrolyte industry in Europe and North America. Beyond the battery industry, numerous applications for FluoRok reagents provide potential to have an impact in many global markets.”
Notes:
www.fluorok.com www.bgf.co.uk www.greengenerationfund.com
www.volta.vc
Enquiries [email protected]
Photograph: https://mma.prnewswire.com/media/2507383/FluoRok_Limited_Team.jpg
Brand: https://mma.prnewswire.com/media/2507382/FluoRok_Logo.jpg
SOURCE FluoRok Restricted
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