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Decarbonising start-up raises $23 million

A world leader in zero-emission technology and NZ-based start-up, Fabrum, has raised $23 million to help lower the carbon economy across the world.

Founded in 2004, Fabrum has a global reputation as an innovator in industrialised small to medium-scale liquefaction systems and composite cryogenic vessels.

The company provides end-to-end liquid hydrogen solutions across the world for the heavy transport, mining and aviation markets.

Fabrum has received funding from leading venture such as AP Ventures, Obayashi Corporations and K1W1, giving the company opportunity to take their technology across the world to meet the growing demand for end-to-end hydrogen systems.

“This investment is a critical milestone for Fabrum, validating the technology development pathway that fellow founder Hugh Reynolds and I have built over the last 18 years,” says Christopher Boyle, Founder and Chairman of Fabrum.

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“Fabrum was created to leverage Christchurch’s strong technology manufacturing history and Canterbury University’s very talented Engineering School. Bringing capability and talent together to develop world-leading technology that will genuinely enable a global shift to sustainable transportation and industry has been our core purpose. It is truly exciting to have the support of this world-class group of investors to deliver on this vision.”

Investors such as AP Ventures and Fortescue Future Industries say they are pleased to work with Fabrum in developing “world-leading applications” for the “hard-to-abate” sectors.

“The innovative applications being developed by Fabrum will contribute to the growth of supply and demand for green hydrogen globally,” says Mark Hutchinson, CEO of Fortescue Future Industries.

Fabrum says that the investments will help the company manufacture and advance their hydrogen technologies to decarbonise the economy.

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