In 2022, Manta Biofuel launched its water treatment service, achieved its first revenue, and conducted successful field trials with prospective customers. They have a growing customer pipeline and are planning further demonstrations in 2023.
Revenue Amount
$14,160,000,000
Organizations Involved
Maryland Port Administration, Columbia Association
Founders
Chris Lindsay, Ryan Powell, Onur Unal
Company Description
Manta Biofuel produces cost-effective renewable fuel oil from algae.
Market
Environmental Technology
Location
Owings Mills,
MD,
US
Coinvestors
Exelon, U.S. Department of Energy, State of Maryland, professional angel investors