Engie, Safran and MPC led a $20m Series A funding round in INERATEC.

Engie, Safran and MPC led a $20m Series A funding round in INERATEC, a developer of chemical plants equipped with chemical reactor technology, with participation from Extantia, Planet A, High-Tech Gründerfonds, FO Holding and Karlsruhe Institute of Technology. “Safran is laser-focused on this vital area to make aviation carbon-neutral by 2050. INERATEC’s leading-edge technologies will bolster the technical expertise needed to develop a certified process for aviation,” Eric Dalbiès, Safran Senior Executive Vice President, Strategy, Technology and Innovation.