Catalyxx, a technology leader in sustainable chemistry, has secured €3 million in debt financing through the Axon Desarrollo Andalucía fund, managed by Axon Partners Group, with the backing of the European Investment Bank (EIB) and the Regional Government of Andalusia.
This funding will support Catalyxx’s expansion in Andalusia as it moves toward industrializing its proprietary technology and building its first commercial-scale plant. The capital will be used to strengthen its R&D capabilities at its innovation center in La Rinconada (Seville), grow its team, and create high-skilled jobs in the region.
Catalyxx’s breakthrough technology converts bioethanol into high-value intermediate chemicals such as biobutanol, biohexanol, biooctanol, and biodecanol. These renewable, carbon-negative compounds present a cost-competitive and sustainable alternative to fossil-based petrochemicals, marking a major step forward in the global transition toward decarbonization, competitiveness, and sustainability in the chemical industry.
This financing is a major milestone in our industrial growth strategy in Andalusia,´ said Joaquín Alarcón, CEO of Catalyxx. ´`Having the support of Axon Partners Group and the EIB gives us the momentum we need to deliver globally impactful chemical solutions from a strong industrial and technological base in southern Spain.
Catalyxx is exactly the type of innovative, high-impact company we aim to support through the Axon Desarrollo Andalucía fund,´ said Macarena Gonzalez, Investment Manager at Axon Partners Group. `Their technology has the potential to position Andalusia as a benchmark in the development of sustainable industrial solutions.
