Tsubame BHB, a Yokohama, Japan-based company which works for the social implementation and commercialization of small, distributed ammonia production plants, raised 5.3 Billion yen in Series C funding.
Backers included Heraeus Beteiligungsverwaltungsgesellschaft mbH, Yokogawa Electric Corporation, and Energy & Environment Investment.
The company intends to use the funds to expand operations and its development efforts.
Tsubame BHB works for practical applications of on-site ammonia production at small, distributed plants using technologies that reduce the extraction of CO2 in comparison to conventional methods, by producing ammonia at low temperatures and low pressures. It uses electride catalyst technologies developed by Honorary Professor Hideo Hosono of the Tokyo Institute of Technology, and it is currently strengthening the rollout of overseas business with a focus on regions including North and South America, Australia, and Africa.
The company has approximately 17,200 employees in 40 countries around the world, and boasts a diverse business portfolio that includes fields such as metals and recycling, healthcare, semiconductors and electronics, and industrials.
FinSMEs
26/02/2024