Vertoro Advances Renewable Oil Platform to Accelerate Low-Carbon Fuels

(Vertoro) Vertoro, a renewable oil company, today (June 17, 2026) announced the first closing of its €17m Series B round (consisting of €10m newly contributed capital and €7m converted loan notes) with Climate Tech Partners, Invest-NL, Maersk as key investors and further contributions from Energietransitiefonds Rotterdam, LIOF, SHIFT and, Brightlands Venture Partners. The round will primarily be used to continue progress in scaling Vertoro’s technology that converts plant-based waste into a flexible renewable oil used to produce low-carbon fuels and chemicals.

The technology supports energy security objectives at a time of heightened geopolitical risk, enabling countries to convert locally waste feedstocks into a domestic supply of renewable oil and reduce reliance on imported fossil fuels.

A scalable alternative to fossil crude

At the core of Vertoro’s approach is a fundamentally simpler process than conventional biofuel technologies. Operating at low pressure and temperature without catalysts, the system is designed to deliver structurally lower capex and operating costs. Combined with a modular plant design, this positions Vertoro as a potential cost leader in the emerging bio-based fuels and chemicals market.

Unlike many point solutions, Vertoro’s product is inherently flexible. It can be deployed across multiple end markets, supporting near-term revenue while enabling long-term scale.

From chemicals to fuels: a multi-market pathway to scale

The initial focus is on higher-value chemical applications, where the product can be used as a sustainable feedstock for materials and industrial products such as thermoplastics. From there, the same oil can be deployed as a drop-in fuel for maritime shipping, enabling immediate emissions reductions in one of the hardest-to-abate sectors. In parallel, Vertoro is advancing pathways to upgrade this renewable oil into sustainable aviation fuel, supporting the aviation industry’s long-term decarbonisation goals.

Crucially, Vertoro’s product is compatible with existing refinery infrastructure, avoiding the need for entirely new supply chains and enabling faster, capital-efficient adoption.

Progressing toward commercial deployment

The company is currently operating a demonstration plant to validate its technology at scale, producing material for testing and customer trials while continuing to improve efficiency and scalability. With a robust portfolio of multiple patent families, Vertoro is now focused on preparing for commercial deployment through a licensing model and future large-scale facilities, with partners including Raízen, the world’s largest sugarcane ethanol producer.

Beyond producing low-cost, low carbon products, Vertoro’s technology also has the potential to strengthen energy security. By converting locally available agricultural and forestry residues into usable oil, countries can reduce reliance on imported fossil resources, diversify their energy mix, and build more resilient domestic supply chains. This distributed production model enables regions to turn waste into a strategic resource, supporting both economic and environmental objectives.

Industry perspective on scaling sustainable fuels

Leaders across the aviation and the maritime sector emphasise the need for scalable, practical solutions to reduce emissions.

Climate Tech Partners’ contribution to this investment round is backed by the Airbus-Qantas Sustainable Aviation Fuel (SAF) partnership. Established in 2022, the partnership aims to foster SAF production and support the aviation industry’s decarbonisation efforts.

Unlocking value from biomass

Vertoro’s platform unlocks value from underutilised biomass waste, transforming it into a low-carbon alternative to fossil crude. Its ability to serve multiple industries, from chemicals to fuels, supports stronger unit economics while enabling large-scale emissions reduction.

With strong investor backing, strategic partnerships, and a clear pathway to commercialisation, Vertoro is positioned to play a key role in the transition to a low-carbon industrial system.

Vertoro was supported by Transition Finance Network Ltd (TFN) on this transaction.

Vertoro: Vertoro is a Netherlands-based company developing technology to convert plant-based residues into renewable oil. Its platform enables low-carbon fuels and chemicals that can be integrated into existing infrastructure, supporting the transition to a more sustainable energy system.

Climate Tech Partners (CTP): Climate Tech Partners is an Australian-based climate venture platform focused on deploying capital into early-stage technologies that address industrial decarbonisation across energy, transport, mining and industry. With deep sector expertise and a unique corporate partnership model, CTP accelerates the commercialisation of game-changing climate technologies while delivering strong returns to investors.

The investment made by CTP is enabled through a joint partnership between Qantas and Airbus, which supports their shared ambition to accelerate the development of sustainable aviation fuel (SAF) and other aviation decarbonisation technologies.

Invest-NL: the Netherlands’ National Promotional Institution. They enable financing for businesses, projects and funds that contribute to societal transitions, innovation and economic resilience. They do this by removing financing bottlenecks, mobilising public and private capital and investing directly themselves, particularly in the growth phase where the market remains cautious. READ MORE