Post by InnovationQuarter

𝐓𝐡𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐨𝐧𝐥𝐲 𝐬𝐮𝐜𝐜𝐞𝐞𝐝 𝐢𝐟 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐜𝐚𝐧 𝐜𝐨𝐦𝐩𝐞𝐭𝐞 𝐡𝐞𝐚𝐝-𝐨𝐧 𝐰𝐢𝐭𝐡 𝐟𝐨𝐬𝐬𝐢𝐥 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞𝐬. That's why Energietransitiefonds Rotterdam (ETFR) invests in Vertoro B.V. The Dutch climate tech company has raised €𝟏𝟕 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐁 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 from Climate Tech Partners, Invest-NL, Maersk Growth, Energietransitiefonds Rotterdam (ETFR), LIOF, SHIFT Invest and Chemelot Ventures to scale its renewable oil platform. 🌱Vertoro B.V. converts biomass residues into renewable oil that can replace fossil-based feedstocks in fuels and chemicals. The technology has applications across multiple industries, from sustainable chemicals and maritime fuels to sustainable aviation fuel (SAF). As Europe's largest petrochemical hub, Rotterdam will continue to depend on green molecules to decarbonize industry. Technologies like Vertoro can play an important role in building a more sustainable, resilient and competitive industrial system. As Jesse In 't Velt, Sr. Investment Manager at Energietransitiefonds Rotterdam (ETFR), explains: 💬 "Vertoro can help unlock future imports of sustainable green molecules into the Port of Rotterdam. This is becoming increasingly important in today's complex geopolitical environment. The chemical industry needs sustainable and affordable solutions that can compete directly with fossil-based alternatives. At the same time, Europe must strengthen the resilience of its industrial supply chains and reduce strategic dependencies." Congratulations to the entire Vertoro team and fellow investors on this important milestone! Dirk den Ouden, Dr. Michael Boot, Panos D. Kouris, drs. Tim van Helsland RA FD Read the article https://lnkd.in/dv8WWGyR