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[Funding News] MN-based Aymium Secures $50Million in Debt Funding

Aymium, a leading producer of renewable bio-carbon products, secures $50million in debt funding from affiliates of Fortress Investment Group ("Fortress") and Kilonova Capital ("Kilonova") The facility will provide working capital to support Aymium's continued production capacity expansion, research and development, and the expansion of its patent portfolio.

Aymium, a leading producer of renewable bio-carbon products, secures $50million in debt funding from affiliates of Fortress Investment Group (“Fortress”) and Kilonova Capital (“Kilonova”) The facility will provide working capital to support Aymium’s continued production capacity expansion, research and development, and the expansion of its patent portfolio.

It operates the largest advanced biocarbon production facility in North America and is currently constructing new production facilities to supply renewable, carbon negative products and accelerate the decarbonization of global energy and metals production, including investing more than $500 million in new facilities under construction in California and Mississippi.

Read also – [Funding News] MI-based Vehya Secures $2.1Million in Seed Funding

James Mennell, Aimium’s CEO said, “This new capital will enable us to accelerate the development of additional production facilities that will provide a renewable alternative to fossil fuels in metals production and reduce greenhouse gas emissions by millions of tonnes per year,”.

Fortress and Kilonova are leading providers of intellectual property-backed capital solutions to companies. Aymium holds one of the world’s largest intellectual property portfolios for biocarbon technology, with over 500 issued and pending patents.

The capital provided by Fortress and Kilonova will be used to support the continued innovation and development of it’s environmental technologies, and to ensure patent protection for these innovations.

James Palmer, Managing Director at Fortress said, “Aymium has developed a unique technology and differentiated intellectual property portfolio in the biocarbon space and we are excited to be able to provide working capital to accelerate their growth,”.

Wes Goldstein, general partner at Kilonova, said, “Aymium’s innovation and breadth of patent portfolio for biocarbon products that are decarbonizing key industries is unmatched. We are excited to deploy capital to enable continued innovation and the development of additional production capacity to serve Aymium’s $20 billion customer pipeline.”

About Aymium

Aymium produces high-value bio-carbon and bio-hydrogen products that can rapidly replace fossil fuels in metals, energy, crop production, and water and air purification without any changes to equipment or processes. Produced using sustainably sourced biomass (recovered unusable wood), it’s bio-products are renewable and carbon negative, replacing emissions-intensive fossil fuels such as coal and coke.

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