Rivan Secures £25 Million Funding to Expand Synthetic Fuel Production Capacity

Rivan, a synthetic fuel producer, has announced a £25 million funding round led by IQ Capital with support from Plural to accelerate the scaling of synthetic fuel production across Europe. The company manufactures synthetic fuels targeting industries difficult to electrify at scale, including steel, cement, chemicals, and aviation.

The funding will support three primary objectives over the next 12 months: deployment of Project Starwell, a 15MW synthetic natural gas (SNG) plant in Wiltshire described as the largest SNG facility in Europe and the first to inject SNG into the UK gas grid; scale production at Production Base 1, a newly leased 50,000 square-foot facility designed to produce up to 50MWs annually in hardware; and increased R&D investment across direct-air-capture, electrolysis, reactor design, and solar technologies.

Rivan has achieved several milestones within 10 months of its initial £10 million seed funding, including commissioning the UK's largest SNG plant, tripling customer contracts with pre-orders covering planned production through 2029, and establishing its South London headquarters with a team of 30+ engineers and operators. The company is actively recruiting 35 new positions across engineering, manufacturing, operations, and permitting.

The company emphasizes its vertically integrated approach, managing renewable energy generation, hydrogen and CO2 production, reactor synthesis, and gas-grid injection, with all hardware designed and manufactured domestically in the UK.

Originally reported by Hydrogen Central. Read the full article →