KHIMOD raises €23 million to accelerate its growth

A French climate-tech company specialising in producing low-carbon synthetic molecules and valorising CO2 has announced a €23 million funding round.

KHIMOD’s milestone marks the entry of two leading investors: the SPI fund (Sociétés de Projets Industriels), which is managed by Bpifrance on behalf of the French state as part of the France 2030 initiative; and the Industrial Decarbonization Fund, which is managed by Audacia.

Longstanding shareholder ALCEN has also reaffirmed its commitment by continuing to support the company’s growth.

KHIMOD’s solutions are built around its proprietary heat exchanger-reactors. Image ©KHIMOD

This funding round comes at a time of strong momentum for power-to-x technologies, e-fuels and bio-based fuels – all of which are key pillars of the energy transition. It also reflects the ongoing transformation of industrial chemistry, with a growing adoption of continuous flow processes.

The financing will enable KHIMOD to deploy several, industrial-scale demonstrators, increase production and expand its operations both in France and abroad.

Nicolas Serrie, President of KHIMOD, said: “This fundraising marks a turning point for KHIMOD. It provides the resources necessary to expand our industrial development in France and abroad and accelerate the implementation of our innovative solutions for producing low-carbon molecules from green hydrogen or syngas. With the support of our committed partners, we are ready to begin a new chapter in our journey – one that will lead to the large-scale industrialisation of our technologies.”

KHIMOD’s solutions are built around its proprietary heat exchanger-reactors, which are designed and manufactured at the company’s industrial site in Wissous in the Greater Paris area.

These monolithic reactors are made from cut-metal plates that are assembled through diffusion bonding – a unique process mastered by KHIMOD. They offer exceptional efficiency in heat transfer and outstanding resistance to extreme pressures and temperatures.

This advanced technology also enables highly modular, safe, and reliable process designs.

KHIMOD’s technologies enable the conversion of recycled CO2 and low-carbon hydrogen, also known as syngas, into e-methane, e-methanol and sustainable aviation fuel (e-SAF).

These technology building blocks are central to major decarbonisation projects targeting hard-to-abate sectors including aviation, maritime transport, heavy industry, and fine chemicals.

They can be scaled from local demonstrators to full-scale industrial units and address key technical and economic barriers that have traditionally limited the deployment of such solutions.

For more information, visit www.khimod.com.