An extremely fascinating report from Hemp Market Daily.
Qairos Energies, a start-up with goals of utilizing farming biomass to produce methane and hydrogen in northwestern France, has actually raised almost EUR18.8 million ($ 23 million) to construct and release a center that will utilize regional hemp to make fuel for buses, trains and France’s primary gas supplier.
The eight-figure assistance for the task, reported by French outlet Les Echos last month, originates from financial investment bank Bpifrance and France’s Pays de la Loire area.
Qairos is likewise looking for support with the assistance of international accounting and consulting company KPMG, HempToday reported today.
Having actually gotten a structure license and the right to offer artificial methane to the French energy network, Qairos Energies prepares to start building and construction on the plant in the very first quarter of 2021 and start marketing its gas at the end of 2022, the Les Echos report stated.
According to HempToday, the brand-new center will be found in Trangé, near Le Mans in northwestern France, and will utilize hemp within a 22-mile radius from members of the farming cooperative Fermiers de Loué.
Complete report at
Reports: French energy start-up internet EUR18.8 million to release hemp– sustained plant