The strategic investors were led by a large multi-national energy technology company providing large rotating equipment across oil & gas, energy and industrial customers in over 120 countries, along with a co-investment by Lummus Technology Ventures, and in partnership with the State of Nebraska. This funding will enable Citroniq to further advance the planning, design, and construction of its 1st plant in the State of Nebraska.

Citroniq is leading the energy transition by producing carbon negative materials at scale. Citroniq's platform for the chemical and plastics industries uses US-produced ethanol and cutting-edge technologies to generate some of the lowest-cost carbon capture and avoidance values in the industry. Citroniq's E2O process greatly reduces GHG emissions, permanently sequesters carbon into a useful plastic pellet, and helps companies reach their greenhouse gas reduction commitments.