Citroniq Chemicals closed $12M Series A round

Citroniq Chemicals LLC, a Houston-based company, closed a $12 million Series A funding round. The investment was led by a large multinational energy technology company, with co-investment from Lummus Technology Ventures and in partnership with the State of Nebraska.

Citroniq Chemicals is a producer of carbon-negative materials and plans to use the funds to advance the planning, design, and construction of its first plant in Nebraska. This facility will be part of a decarbonization platform intended to capture and avoid 2 million metric tons of greenhouse gas emissions annually per plant by converting U.S.-produced ethanol into bioplastics, specifically green polypropylene.