Maersk Makes Investment into US Startup

Prometheus Fuels which is a Silicon Valley based startup company developing an e-fuel technology for shipping has garnered the attention of Maersk with a leading investment.

A partner with Maersk Growth, Peter Votkjaer Jorgensen will be on the board of investors joining BMW and Metaplanet investors as well.

Maersk, said: “Prometheus Fuels is developing a very exciting and innovative technology to produce carbon based electrofuels from direct air capture of CO2. Electrofuels are expected to play a key role for the decarbonisation of shipping and, if scaled successfully, Prometheus Fuels’ technology will address a key constraint for carbon based electrofuels – namely the cost competitiveness of direct air capture.”