Startup · $20.5m raised
Hamburg
Every investor coverage indicates participated in a round Mabanaft raised.
| Investor | Rounds | Invested |
|---|---|---|
| Projektträger Jülich (PtJ) | Grant | $20,500,000 |
Companies Mabanaft acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Philipp Kroepels | Director of New Energy | @AuManufacturing (Wed 24 Jul 2024), @AuManufacturing (Thu 13 Jun 2024), @AuManufacturing (Fri 16 Feb 2024), RenewEconomy |
Stories naming Mabanaft. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Vast's chief executive argues hydrogen demand is maturing, with shipping and aviation emerging as anchor customers for green methanol and eSAF, and points to government grant funding for the company's Port Augusta methanol project.
Vast Renewables and Mabanaft have signed a joint development agreement advancing Vast's South Australian solar methanol plant, with Mabanaft holding offtake rights and ARENA plus German government funding behind the project.
Vast Renewables' Port Augusta methanol plant has won planning approval; the article recalls February funding commitments from ARENA and a German government program for construction.
Vast Renewables and Mabanaft have finalised A$40m in government funding for their SM1 green methanol plant at Port Augusta: up to A$19.48m from ARENA, up to €12.4m via Germany's HyGATE program.
Also @AuManufacturing
French energy company EDF has committed €10 million to back Vast Renewables' concentrated solar plans across Australia, adding to earlier government grants for its plants and an agreed-but-unclosed Nasdaq listing deal with Nabors' SPAC.
Also RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy