Southern Green Gas has raised $600,000 to accelerate the development of its breakthrough renewable gas technology that aims to establish a new market for Australia’s clean energy.
Using green hydrogen produced with Australia’s abundant solar resources, Southern Green Gas said the technology has the potential to create a new export industry for Australia while addressing the country’s fuel security challenges.
Leading venture capital investors Artesian Venture Partners (Artesian) and Victorian Clean Technology Fund (VCTF) participated in the capital raise which will advance Southern Green Gas’ product and market development activities as it looks to scale renewable methane and methanol production in Australia.
Southern Green Gas Managing Director Rohan Gillespie said, “The investment by Artesian and VCTF further supports the confidence Southern Green Gas has in its technology, which leverages existing infrastructure to deliver clean fuels for use domestically and for export.”
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