Market map · Europe
Green chemicals and e-fuels market map: Europe
15 green chemicals and e-fuels startups based in Europe that have raised money in rounds we track, placed in 3 segments by what each says it does. Together they have raised $776M; the biggest segment is biofuels and biogas.
Funding by segment
- Biofuels and biogas$417M9
- CO2 to chemicals$75M3
- Green chemicals$283M3
Where they are based
- United Kingdom5$288M
- Spain3$46M
- Denmark2$66M
- Germany2$11M
- Italy1$344M
- Portugal1$776K
- Belgium1$20M
United Kingdom
Spain
Denmark
Germany
Italy
Portugal
BelgiumFounded
1 without a founding year on record.
Total raised
- Under $1M1
- $1M to $10M7
- $10M to $50M4
- $50M to $250M2
- $250M to $1B1
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
14 of 15 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United Kingdom5
- Spain3
- Denmark2
- Germany2
- Italy1
- Portugal1
- Belgium1
Startups by country, 7 countries in all.
Segment by segment
Biofuels and biogas
9 startups · $417M raised
Beta RenewablesBeta Renewables is a biofuels and biochemical company.Italy$344M
XFuelXFuel produces sustainable and net-zero road, marine and aviation drop-in fuelsSpain$41M
BioGasolBioGasol ApS is a Danish biotechnology and engineering company founded in 2006, originating from the Technical University of Denmark.Denmark$19M
HutanBioHutanBio is a biotechnology company based in Cambridge, UK, focused on developing carbon-negative algal biofuel known as HBx.United Kingdom$4.8M
Alga EnergyAlga Energy is developing a photobioreactor plant for the production of biofuels and omega-3 rich oils to generate clean energy.Spain$3.9M
PhycobloomPhycobloom is a London-based biotechnology startup founded in 2019.United Kingdom$1.4M
AmphoraFounded in 1997, Amphora is a proven Commodity Trading Risk Management provider for crude oil, refined products, biofuels, coal, oSpain$1.1M
Pipeline OrganicsPipeline Organics is a cleantech startup based in Nottingham, UK, founded in 2021.United Kingdom$1.0M
CO2 to chemicals
3 startups · $75M raised
AgainAgain, also known as Again Bio, is a Danish biotechnology startup founded in 2020.Denmark$46M
D-CRBND-CRBN recycles CO2 for industrials through our patented CCU plasma technology.Belgium$20M
enadyneenaDyne is a climate technology company based in Leipzig, Germany, specializing in the development of fully electric, modular plasGermany$8.2M
Green chemicals
3 startups · $283M raised
CIRCTECCirctec is a London-based technology company founded in 2009 that focuses on the circular economy by converting end-of-life tyres United Kingdom$163M
Green BiologicsGreen Biologics offers fermentation technologies for the conversion of biomass to renewable fuels and chemicals.United Kingdom$118M
Spark e-FuelsSpark e-Fuels is a Berlin-based climate-tech startup founded in 2021.Germany$2.4M
How this map is made. Every startup here has raised money in rounds we track, and is based in Europe. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in green chemicals and e-fuels, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.
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