Co-funded by the
European Union
EIT InnoEnergy Leads Additional Capital Raise for FertigHy to Decarbonize European Food Value Chain
Fertighy secures additional Capital Raise
November 19, 2024 – EIT InnoEnergy, alongside RIC Energy, MAIRE, Siemens Financial Services, InVivo, and HEINEKEN, is proud to announce a successful additional capital raise for FertigHy. This unanimous investment by all shareholders underscores their unwavering commitment to decarbonizing the fertiliser industry and advancing sustainable agricultural practices across Europe.
Strategic Investment for Sustainable Growth
The additional capital raise highlights the collective dedication of EIT InnoEnergy and its partners to the strategic mission of reducing greenhouse gas emissions within the food value chain. FertigHy’s innovative approach to producing low-carbon, nitrogen-based fertilisers is a critical step towards achieving this goal. The recent completion of feasibility studies for FertigHy’s first facility in Hauts-de-France marks a significant milestone in this journey.
EIT InnoEnergy’s involvement in this capital raise reflects its broader mission to accelerate the energy transition and support innovative solutions that address climate change. By investing in FertigHy, EIT InnoEnergy is not only fostering the development of low-carbon fertilisers but also promoting energy security and sustainability within the agricultural sector.
Expanding the Decarbonisation Mission
With the new funding secured, FertigHy is poised to advance its project to the next stage of development. The company plans to expand its decarbonisation efforts to other regions across Europe, leveraging the support and expertise of its shareholders. This expansion is expected to further enhance the resilience and sustainability of the European food value chain.
EIT InnoEnergy, along with its partners, is excited to support FertigHy in this transformative initiative. The collaboration between these industry leaders exemplifies the power of strategic partnerships in driving meaningful change. Together, they are paving the way for a more sustainable and secure agricultural future in Europe.
Construction of the factory will begin in 2027. Once complete in 2030, the plant will bring 250 direct jobs to the area and deliver 500,000 tons of low-carbon nitrogen-based fertiliser annually, which equates to around 15% of France’s agricultural sector’s consumption. A second FertigHy factory is planned to be built in Spain and shall become operational soon after the French one.
