Elyse Energy, a closely held French clean-tech startup, raised about €120 million ($126 million) to produce green fuels for use in chemicals, shipping and aviation.
The funding comprises an equity investment from the Hy24 infrastructure fund, which is taking a minority stake in Elyse, and sales of convertible bonds. It’ll help advance the company’s plans to produce renewable methanol, a chemical feedstock and fuel, and biokerosene for aviation.
