Green Carbon Synthetic Energy (Shaoxing) Co., Ltd. has recently announced the successful completion of a Pre-A round of funding amounting to nearly 100 million yuan. This round was spearheaded by Rongtuo Capital, with additional participation from Delian Capital and Linear Capital. The company specializes in harnessing its proprietary Fischer-Tropsch synthesis technology to produce eco-friendly fuels, including sustainable aviation fuel (SAF), from agricultural and forestry waste, as well as municipal solid waste.

Since its inception in July 2023, the company, under the leadership of founder Dr. Xiao Lifeng, has swiftly validated its core technologies and established its first self-operated factory in Inner Mongolia. This factory is projected to commence operations by the end of the year, with an annual capacity of several thousand tons of SAF. As the first factory reaches production, the company intends to embark on the next funding round and proceed with the construction of a demonstration plant, which will boast a capacity of tens of thousands of tons.

Investors have expressed optimism about Green Carbon Synthetic Energy's technological prowess and industrialization potential, believing that the company holds significant promise in the realm of aviation decarbonization.