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Carbon Neutral Fuels (CNF)
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Developer of power-to-liquid technology to convert direct air capture CO2 and green hydrogen into sustainable aviation fuel (SAF), a drop-in replacement to kerosene Jet A-1 fuel via

Founded in 2023
Founded in

Company type Private Public ()
Company type

Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United Kingdom United Kingdom
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Updated by Cleantech Group on 04/11/2024

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Shell Startup Engine Shell Startup Engine
Selected for UK 2024 cohort
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IPO INFORMATION

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Description

Date Investors Type Amount
11/17/2023 Advanced Fuels Fund Advanced Fuels Fund (1)
Post-money valuation of
Funding for project ASAP-DAC will is develop a demonstration plant that uses power-to-liquid technology to convert direct air capture CO2 and green hydrogen into sustainable aviation fuel (SAF). The plant is expected to be operational in 2027 and scale up to 12kt/y of SAF when at full operational capacity.
Grant $1,714,500
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