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Energy Tech CO2-to-Fuel Solutions sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Energy Tech CO2-to-Fuel Solutions

1.1 - About Energy Tech CO2-to-Fuel Solutions sector

Companies in this category design and operate systems that convert captured carbon dioxide into synthetic fuels using renewable power, producing drop-in fuels for aviation, shipping, and refining while cutting lifecycle emissions. Offerings span integrated plants, catalysts, reactors, and process control. Energy Tech CO2-to-Fuel Solutions enable customers to monetize CO2 streams, secure offtake, and meet regulatory mandates for SAF and low-carbon fuels.

Strategic buyers in this space typically integrate CO2 capture and conditioning, hydrogen production via PEM/SOEC electrolysis, and syngas generation using reverse water–gas shift. They deliver methanol synthesis units, Fischer–Tropsch reactors for e‑diesel and SAF, and catalytic conversion to ethanol or hydrocarbons. Offerings include modular skid-mounted plants, advanced process control and optimization software, lifecycle carbon intensity monitoring and certification support, and turnkey EPC services covering commissioning, fuel blending, and offtake contract structuring.

Primary customers include airlines and aviation fuel buyers, refiners and petrochemical producers, and shipping operators or industrial emitters seeking CO2 utilization. These solutions enable decarbonized drop‑in fuel supply, measurable Scope 1 and Scope 3 reductions, compliance with SAF mandates and LCFS/ETS programs, and monetization of captured CO2 through bankable offtake. Buyers also gain diversified feedstock strategies and long‑term contracts that de‑risk low‑carbon fuel procurement.

2. Buyers in the Energy Tech CO2-to-Fuel Solutions sector

2.1 Top strategic acquirers of Energy Tech CO2-to-Fuel Solutions companies

LanzaTech Logo

LanzaTech

HQ: United States Website
  • Description: Provider of gas fermentation and carbon recycling solutions that convert a wide range of waste resources and industrial off-gases into CarbonSmart ethanol, which is further processed into drop-in Sustainable Aviation Fuel (SAF) that can cut lifecycle aviation emissions by up to 85%, giving airlines and project developers a scalable, circular alternative to conventional fossil fuels.
  • Key Products:
  • Gas Fermentation Technology: Converts municipal solid waste, agricultural residues and industrial carbon emissions into ethanol through novel microbial fermentation, enabling versatile feedstock flexibility and high conversion efficiency
  • CarbonSmart Ethanol: Low-carbon ethanol produced via LanzaTech’s gas fermentation, serving as a renewable intermediate for fuels, chemicals and materials, replacing virgin fossil carbon
  • Biorecycling Technology Platform: Captures waste carbon at industrial sources, prevents atmospheric release and repurposes it into sustainable raw materials for consumer goods and fuels
  • CirculAir Solution: End-to-end offering integrating LanzaTech gas fermentation with LanzaJet Alcohol-to-Jet to turn waste
  • CO₂ and renewable power into drop-in sustainable aviation fuel with up to 85% emission reduction.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Energy Tech CO2-to-Fuel Solutions sector

M&A buyer group 1: EFuels

18 companies View group →
Description: Companies in the Energy eFuels Production Solutions category design, build, and operate technology to convert renewable electricity, green hydrogen, and captured CO2 into drop-in synthetic fuels. They deliver turnkey plants and process IP for e-jet fuel (SAF), e-methanol, and e-diesel, enabling long‑distance transport sectors to decarbonize with scalable, certified supply while meeting tightening regulatory mandates and corporate net‑zero commitments.
Orsted

Orsted

HQ: Denmark
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of clean energy solutions that develops, constructs, and operates renewable projects—including offshore wind, onshore wind, solar, and battery storage—leveraging decades of experience to supply reliable, sustainable domestic power across the United States.
  • Key Products:
  • Offshore Wind Power Solutions: Designs, builds, owns and operates large-scale offshore wind farms, deploying over 2,000 sea-based turbines to deliver cost-competitive green electricity to national grids and corporate buyers
  • Onshore Wind & Solar Energy Projects: Develops and operates land-based wind and solar installations that expand renewable generation capacity, supplying communities and businesses with reliable, sustainable power at competitive prices
  • Renewable Hydrogen Production: Implements projects that use renewable electricity to generate green hydrogen, enabling decarbonisation of heavy industry and transport through a clean fuel alternative
  • Energy Storage Systems: Deploys storage technologies that balance renewable generation, ensuring grid stability and continuous supply of sustainable energy to customers.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Energy Tech CO2-to-Fuel Solutions sector

3.1 - Buyout funds in the Energy Tech CO2-to-Fuel Solutions sector

Buyout Funds investing in Energy Tech CO2-to-Fuel Solutions companies

51+ funds
Description: Buyout funds focused on Energy Tech CO2-to-Fuel Solutions companies globally.

TPG

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Energy Tech CO2-to-Fuel Solutions
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Energy Tech CO2-to-Fuel Solutions sector

Growth Equity Funds in Energy Tech CO2-to-Fuel Solutions companies

41+ funds
Description: Growth equity funds focused on Energy Tech CO2-to-Fuel Solutions companies globally.

Idinvest Partners

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Energy Tech CO2-to-Fuel Solutions
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Energy Tech CO2-to-Fuel Solutions companies

4.2 - Public trading comparable groups for Energy Tech CO2-to-Fuel Solutions sector

Valuation benchmark group 1: Oil & Gas Processing Equipment Companies

5 companies View group →
Description: Companies in this public trading comparables group design, manufacture, lease, and operate equipment and systems that process, compress, liquefy, store, and transport hydrocarbons and industrial gases. Offerings span offshore production facilities (FPSOs), cryogenic equipment, and contract compression services. They are grouped as valuation comparables due to shared exposure to energy processing value chains, recurring O&M revenues, long-lived assets under multi-year contracts, and similar utilization-driven economics.
SBM Offshore logo

SBM Offshore

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of floating production solutions for the offshore oil and gas industry. Specializes in the design, supply, installation, operation, and life extension of floating production storage and offloading units, integrating advanced technologies for sustainable energy production.
  • Key Products:
  • Floating Production Storage and Offloading (FPSO): Integrated systems for offshore oil and gas production
  • Digital Services: Data management and IT/digital architecture solutions
  • Energy Transition Solutions: Technologies for decarbonization and renewable energy
  • Mooring Solutions: Innovative mooring systems for offshore units
  • LNG Production Units: Floating liquefied natural gas production systems.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Energy Tech CO2-to-Fuel Solutions sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Energy Tech CO2-to-Fuel Solutions sector

Who are the top strategic acquirers of Energy Tech CO2-to-Fuel Solutions companies?

Top strategic buyers in this sector include LanzaTech, a provider of gas fermentation and carbon recycling solutions that convert a wide range of waste resources and industrial off-gases into carbonsmart ethanol, which is further processed into drop-in sustainable aviation fuel (saf) that can cut lifecycle aviation emissions by up to 85%, giving airlines and project developers a scalable, circular alternative to conventional fossil fuels. .

Which buyer groups are most relevant for Energy Tech CO2-to-Fuel Solutions companies?

Relevant strategic buyer groups similar to the Energy Tech CO2-to-Fuel Solutions sector include EFuels because they share similar customer segments and product capabilities.

Financial Investors in Energy Tech CO2-to-Fuel Solutions sector

Which are the top PE firms investing in Energy Tech CO2-to-Fuel Solutions companies?

Potential investors in the broader Energy Tech CO2-to-Fuel Solutions space include Idinvest Partners and TPG.

Who are the top buyout funds acquiring Energy Tech CO2-to-Fuel Solutions companies?

Active PE funds and buyout funds acquiring companies in the Energy Tech CO2-to-Fuel Solutions space include TPG.

Who are the top growth equity funds investing in Energy Tech CO2-to-Fuel Solutions companies?

Growth funds investing in the broader Energy Tech CO2-to-Fuel Solutions sector include Idinvest Partners.

Valuation of Companies in Energy Tech CO2-to-Fuel Solutions sector

Which are the key public companies that are relevant trading comps for Energy Tech CO2-to-Fuel Solutions companies?

Key trading comparable groups include SBM Offshore, a provider of floating production solutions for the offshore oil and gas industry. specializes in the design, supply, installation, operation, and life extension of floating production storage and offloading units, integrating advanced technologies for sustainable energy production..

Which are the key trading comparable groups for Energy Tech CO2-to-Fuel Solutions companies?

Similar trading comparable companies include Oil & Gas Processing Equipment Companies. Our platform tracks detailed trading comparable groups in the Energy Tech CO2-to-Fuel Solutions sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Energy Tech CO2-to-Fuel Solutions sector?

Our platform tracks M&A transactions in the Energy Tech CO2-to-Fuel Solutions sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Energy Tech CO2-to-Fuel Solutions?

Access recent funding rounds in the Energy Tech CO2-to-Fuel Solutions sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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