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OXCCU Secures $28 Million Series B to Expand Sustainable Aviation Fuel from Waste Carbon

OXCCU Secures $28 Million Series B to Expand Sustainable Aviation Fuel from Waste Carbon
OXFORD, England, Sept. 29, 2025 — OXCCU, an Oxford University spin-out developing a pioneering one-step process to convert waste carbon into sustainable aviation fuel (SAF), has successfully raised £20.75 million ($28 million) in an oversubscribed Series B funding round. The investment round attracted backing from prominent global leaders in aviation, energy, and climate investment, including IAGi Ventures—the corporate venturing arm of International Airlines Group—Safran Corporate Ventures, Orlen VC, Hostplus, and TCVC. Existing investors such as Clean Energy Ventures, IP Group/Kiko Ventures, Aramco Ventures, Eni Next, Braavos Capital, and the University of Oxford also participated, underscoring the growing confidence in OXCCU’s technology and commercial potential.
Accelerating Commercialisation and Technology Scale-Up
The newly secured capital will be directed towards accelerating OXCCU’s commercialisation efforts, expanding operational capacity, and advancing the next phase of technology scale-up. This follows the launch of the company’s OX1 demonstration plant at London Oxford Airport in 2024, with a second facility, OX2, scheduled to become fully operational in 2026. These developments come at a time of intensifying regulatory momentum and increasing market demand for sustainable fuels, driven by mandates such as the UK SAF mandate and the European Union’s ReFuelEU initiative.
Despite these positive trends, the aviation sector continues to face significant challenges, including high production costs and technological limitations that hinder widespread SAF adoption, as highlighted in the latest International Air Transport Association (IATA) report. Nevertheless, the industry is actively pursuing solutions: Korean Air recently expanded its use of SAF blends, and sustainable aviation fuel was a central topic during New York Climate Week, where airlines and industry groups launched new programs and emphasized the urgent need for investment in innovative SAF technologies.
Innovation in Sustainable Aviation Fuel Production
OXCCU’s patented process addresses these challenges by simplifying SAF production through a unique iron-based catalyst that enables the direct synthesis of jet-fuel-range hydrocarbons from gaseous waste carbon in a single exothermic reaction. This contrasts with conventional methods that require multiple complex steps, such as reverse water gas shift or e-methanol synthesis. By streamlining the process, OXCCU reduces both capital and operating costs, while also lowering the carbon intensity of the resulting fuel.
The catalyst’s versatility allows it to process a broad spectrum of input gases, including reformed biogas, gasified wood waste, and pure carbon dioxide combined with hydrogen, facilitating efficient conversion of diverse feedstocks. Andrew Symes, CEO of OXCCU, emphasized the significance of the funding round, stating, “In a market where capital is tight and investors are rightly selective, this raise is a testament to the strength of our science, the clarity of our mission, and the urgency of the problem we’re solving. Serious players with truly distinctive technologies are still getting funded.”
Industry leaders have echoed the importance of innovation and investment in this space. Jonathon Counsell, Group Sustainability Director at International Airlines Group (IAG), remarked, “We recognise the need for the world to achieve net zero emissions by 2050 and for the aviation sector to play its part. IAG has led the sector in committing to net zero by 2050 and aims to meet 10% of our fuel needs with SAF by 2030. Our investment in OXCCU supports our strategy to develop next-generation fuels.”
As competitors continue to scale up production and invest in new SAF technologies, OXCCU’s successful funding round signals a growing recognition that reducing SAF production costs is critical to unlocking large-scale decarbonisation in aviation.

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