Capital Builds on 500+ Patents and Investment of more than $500 Million

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

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618384368/en/

James Mennell, Founder and CEO of Aymium, the leading producer of renewable biocarbon products. (Photo: Business Wire)

Aymium operates 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 to accelerate decarbonization of energy and metals production globally. This includes investment of over $500 million in new facilities that are under construction in California and Mississippi.

“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,” said James Mennell, CEO of Aymium.

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

“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,” said James Palmer, Managing Director at Fortress.

Wes Goldstein, General Partner at Kilonova, said, “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.”

About Aymium

Aymium produces high-value biocarbon and biohydrogen products that can be used to immediately replace fossil fuels in the production of metals, energy, crops, and in the purification of water and air with no modifications to equipment or processes. Produced using sustainably sourced biomass – recovered and unusable wood – Aymium’s bioproducts are renewable, carbon-negative and they replace emission-heavy fossil fuels such as coal and coke. Aymium’s leading technology is backed by more than 500 issued or pending patents on a global basis. Aymium is headquartered in Minnesota.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618384368/en/

Scott Gallagher, sgallagher@gardcommunications.com

Logo

Images

Tags

More Like This

Cleantech Leader Aymium Closes $210 Million Financing with Global Investors for Advanced Biocarbon Production Facility in Williams, California

Ionomr Innovations closes USD$20M Series A-4 Financing with broad industry participation

SQM LITHIUM VENTURES COMPLETES ALTILIUM'S USD 12M SERIES A FUNDING THROUGH FOLLOW-ON INVESTMENT

Carbonaires Secures Strategic Investment from KTM Chemicals S.A. to Deliver High-Integrity Carbon Credits

Brookfield to Invest Up to $1.1 Billion in Infinium to Scale Ultra-Low Carbon eFuels

ALTILIUM TO PIONEER SUSTAINABLE EV BATTERY PRODUCTION WITH PROTOTYPE CELLS MADE FROM RECYCLED MATERIALS

ALTILIUM ANNOUNCES TECHNOLOGICAL ADVANCES IN RECYCLING LFP AND NMC EV BATTERIES

Keppel partners AM Green to explore biogenic carbon-based sustainable fuels opportunities in Asia and the Middle East