Aymium: Renewable Biocarbon Product Company Raises $50 Millino

By Amit Chowdhry ● Jun 24, 2024

Aymium, a leading producer of renewable biocarbon products, announced that it has secured IP-backed debt financing from certain affiliates of Fortress Investment Group and Kilonova Capital. This credit facility provides working capital to support Aymium’s continued capacity growth, research and development, and expansion of its patent portfolio.

Aymium runs the largest advanced biocarbon production facility in North America and is presently constructing multiple new production facilities to supply its renewable and carbon-negative products and accelerate the decarbonization of energy and metals production globally. This includes investing over $500 million in new facilities that are under construction in California and Mississippi.

Fortress and Kilonova are the leading providers of capital solutions to companies collateralized by the value of IP. And Aymium has the leading intellectual property portfolio globally around biocarbon technologies, with over 500 issued and pending patents. It will use the capital to fund continued innovation and development of its environmental technologies and to secure patent protection for those innovations.

KEY QUOTES:

“The new capital allows accelerated development of additional production facilities that will supply renewable products that displace fossil fuels in metals production and reduce millions of tons of greenhouse gas emissions annually.”

– James Mennell, CEO of Aymium

“Aymium has developed a unique technology and differentiated portfolio of intellectual property in biocarbon, and we are excited to provide working capital that will help accelerate their growth.”

– James Palmer, Managing Director at Fortress

“The nature of Aymium’s innovation and breadth of its patent portfolio regarding biocarbon products that decarbonize key industries is unparalleled. We are excited to deploy capital that will allow continued innovation and development of additional production capacity to help address Aymium’s $20 billion customer pipeline.”

– Wes Goldstein, General Partner at Kilonova

Exit mobile version