Grannus, LLC, a Tucson, Arizona-based developer of a system for the production of ammonia, urea and other nitrogen fertilizer products, closed a $2m Series A financing round.
An undisclosed strategic investor backed the company.
The investment will fund engineering required for the commercialization of its Eureaka™ Process, to conduct feasibility and pre-development work on a potential commercial-scale demonstration plant to be built in the state of California.
Led by Matthew Cox, Chief Executive Officer, Grannus is advancing the “Eureaka™ Process” plant design that combines traditional fertilizer manufacturing technology with innovations in power generation technology to develop a zero-emissions combined fertilizer and thermal power plant.
FinSMEs
20/04/2015