UK-based synthetic fuel manufacturer Zero Petroleum has secured funding to the tune of £200,000 from investor syndicate Raising Partners Angels, of which Formula One (F1) icon and broadcaster Damon Hill is a member.
Founded by F1 racing legend Paddy Lowe, the net zero fuel company received support from a compatriot with equally impressive race-track credentials, Damon Hill OBE, a participating investor.
The funding will be used to promote a circular carbon economy in the UK via the creation of a pilot synthetic fuel production plant, in addition to securing further partnerships and strengthening the company’s team. The company also received a £64,000 grant from Innovate UK.
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