MCatalysis, Inc., an innovative deep tech company, announced the successful closing of its seed funding round led by HL Energy Ventures (HLEV). The investment aims to accelerate the development and scaling of its microwave catalysis technology for biofuel production.
The company has secured an exclusive worldwide license from Oxford University Innovation (OUI), the technology transfer arm of the University of Oxford. This license grants MCatalysis the rights to cutting-edge research on microwave catalysis for sustainable fuels and chemicals.
MCatalysis focuses on producing low-cost, clean biofuels by upcycling waste carbon sources. These include agricultural residues, plastic waste, and waste gases. The technology, developed at Oxford, uses high-efficiency microwave processes with unique catalysts. It promises faster processing times and higher product selectivity, making biofuel production more energy-efficient and cost-effective.
Michael Irwin, CEO of MCatalysis, stated that this seed funding and licensing agreement mark a key milestone. He said the funds will help the company advance its goal of a circular economy, where waste carbon is transformed into valuable biofuels and chemicals. This approach aims to democratize the petrochemical supply chain and reduce environmental impact.
Victor Liu, CEO of HLEV, praised MCatalysis’ innovative approach. He emphasized the potential for both commercial success and positive environmental impact through the new biofuel technology.
The licensing agreement with OUI gives MCatalysis global rights to the foundational microwave catalysis patents. OUI has over 30 years of experience commercializing Oxford’s research and innovations.
An OUI spokesperson explained that their mission is to enable impact—economically, socially, and environmentally—by licensing Oxford’s world-leading knowledge. The partnership with MCatalysis exemplifies how university research can be transformed into impactful technologies. They expressed pride in supporting the journey from lab research to market, where the technology can help create a more sustainable future through advanced biofuel production.
