Jupiter Ionics, specializing in carbon-neutral ammonia production from renewable resources, has secured AUD 2.5 million in seed funding to revolutionize the $70 billion ammonia industry and promote sustainable agricultural practices.
Target Information
Jupiter Ionics is pioneering a groundbreaking approach to the carbon-neutral production of ammonia, utilizing renewable resources such as air, water, and solar energy. This innovative technology has the potential to transform the $70 billion ammonia production industry, which currently accounts for approximately 2% of global greenhouse gas (GHG) emissions. By employing an electrolytic cell, the company enables ammonia production that is compatible with intermittent renewable energy, offering a modular, scalable solution that can be implemented in localized and small-scale setups.
By offering a sustainable alternative to conventional ammonia production methods, Jupiter Ionics aims to address the significant environmental impacts associated with traditional fertilizer production, helping to mitigate GHG emissions while ensuring food security and agricultural sustainability.
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Industry Overview
The agricultural sector is under increasing pressure to reduce its GHG emissions, particularly as it is responsible for nearly 14% of global emissions. Conventional nitrogen fertilizers, especially those produced through
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Jupiter Ionics
invested in
Jupiter Ionics
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $2M