How do you decarbonise an industry which moves across vast oceans for 330 days a year, uses 200Mn tonnes of diesel fuel a year, and requires its fleet to be operational for +30 years? Where fuel needs to be available, cost-effective, and compatible with existing and future technology whilst remaining compliant. It’s a big challenge and a complex one at that! As consumers become increasingly climate aware, it’s no surprise that shipping industry customers are demanding a transition to low-carbon fuels. As it stands, existing suppliers cannot scale. Although shipping and long-haul transportation only contribute around 3% of transportation carbon emissions, they provide a critical service and are the foundations on which global trade exists. As measures are introduced to reduce unnecessary transport carbon missions, the rich and wanderlust may find it an inconvenience if they can no longer travel on a whim - but stop shipping, and food doesn’t reach those that need it the most. Basic human commodities that need to flow, won’t. ~ At HutanBio we believe we have the answer and are on a mission to prove that Mother Nature does indeed hold the answers. 10 years of painstakingly thorough scientific research, long hours, and personal sacrifice. Seven relentless years on a floating lab, battling impossible heat and sea sickness, dredging the sea for samples to get to the point where there is a viable commercial opportunity to scale. Over a Trillion sample colonies scrutinised; whittled down to just 80. It’s a mission fuelled by a powerful belief, a dogged determination to set right the wrongs of humanity, and to show through scientific data that micro-biodiversity holds the key to unlocking the climate crisis. It has resulted in the discovery of a new genus; an entire family of microorganism, new to Science. We call it HBx Our next step is to ‘green’ the desert with our marine microalgal production platform and produce low-cost, carbon-negative biofuel at SCALE.
Location: United Kingdom, England, Huntingdonshire
Employees: 1-10
Total raised: $2.9M
Founded date: 2019
Investors 1
Date | Name | Website |
18.01.2024 | Clean Grow... | cleangrowt... |
Funding Rounds 1
Date | Series | Amount | Investors |
18.01.2024 | Seed | $2.9M | - |
Mentions in press and media 5
Date | Title | Description |
25.01.2024 | Deals in brief: Tokyo Century Leasing leads Motorist’s Series A round, GDMC and Prism BioLab secure funding, multiple China and India deals, and more | Tokyo Century Leasing leads Motorist’s Series A round Motorist, a Singapore-based automotive technology company, has announced that Tokyo Century Leasing is leading its Series A funding round as a strategic investor. Existing investors from... |
24.01.2024 | Deals in brief: Clean Growth Fund backs HutanBio, Masa Network and Ultra Violette secure funding, MAVCAP joins Vynn Capital’s second fund as LP, and more | HutanBio snags GBP 2.25 million from the UK’s Clean Growth Fund HutanBio, a biotechnology company, has snagged GBP 2.25 million (USD 2.85 million) in investment from the Clean Growth Fund. Based in Cambridge in the UK and in Malaysia, Hutan... |
18.01.2024 | HutanBio Raises £2.25M in Funding | HutanBio, a Huntingdon, Cambridgeshire, UK-based biotechnology company, raised £2.25M in funding. The round was led by Clean Growth Fund. The company intends to use the funds for the expansion of its engineering and business development tea... |
07.02.2023 | #21toWatch announces shortlist of next generation of Cambridge game-changers set for future success | cofinitive have announced the shortlist for #21toWatch 2023 which this year contains an eclectic mix of industries – biotech, cleantech, agritech, construction, automotive, deep learning, marine, life sciences, AI – all sharing the same mis... |
- | HutanBio | “HBX | the world's best route to decarbonising long-distance transport. We use microalgae to create a safe & clean biofuel alternative to fossil fuels by simply harnessing sunshine and seawater to convert CO2 into a low carbon biofuel.”... |