Aymium Closes $50M Debt Financing

Aymium, a St.Paul, MN-based producer of renewable biocarbon products, raised $50M in Debt funding.

Backers included Fortress Investment Group and Kilonova Capital.

The company intends to use the funds to support its continued capacity growth, research and development and expansion of its patent portfolio.

Led by CEO James Mennell, Aymium produces biocarbon and biohydrogen products that can be used to replace fossil fuels in the production of metals, energy, crops, and in the purification of water and air with no modifications to equipment or processes. Produced using sustainably sourced biomass – recovered and unusable wood – its bioproducts are renewable, carbon-negative and they replace emission-heavy fossil fuels such as coal and coke. The technology is backed by more than 500 issued or pending patents on a global basis.