No. 421 · Growth Platform ·
Plasma2X Secures Over £1.3 Million in Pre-Seed Funding to Decarbonise Nitric Acid and Fertiliser Production
Summary
In addition to equity funding, Plasma2X has secured £368,000 in non-dilutive grant funding from Innovate UK, part of UK Research and Innovation (UKRI), through the Innovate UK Growth Catalyst, Investor Partnerships Round 2 scheme, bringing the total secured capital to over £1.3 million.
Incorporated in October 2023 and based at Sci-Tech Daresbury, Plasma2X uses proprietary non-thermal plasma technology, often described as "lightning in a tube", to synthesise nitrates and nitric acid directly from ambient air and water. These chemicals are key precursors for the production of critical products such as fertilisers, high-performance materials, textiles, pharmaceuticals, and energetics.
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