The startup develops renewable diesel from vegetable oils and fats through a sustainable extraction process that produces a fuel nearly identical to petroleum diesel. This technology provides a direct replacement for traditional diesel, significantly lowering CO2 and sulfur emissions without the need for blending.
Funding
$600M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Conventional petroleum diesel contributes significantly to CO2, sulfur, and NOx emissions, leading to environmental concerns such as climate change and acid rain. Traditional diesel fuel also relies on non-renewable resources, creating a need for sustainable alternatives.
Solution
HOBO Renewable Diesel produces a premium fuel from 100% renewable sources, such as vegetable oils and fats, through chemical processing. This renewable diesel is nearly identical to petroleum diesel, allowing it to be used as a direct replacement without requiring any modifications to existing engines or fuel infrastructure. HOBO Renewable Diesel reduces CO2 emissions by 75% and sulfur emissions by 85% compared to traditional diesel. The fuel meets ASTM D975 specifications and can be blended in any ratio with petroleum diesel, offering logistical flexibility.
Target Audience
The primary target audience includes businesses and individuals seeking to reduce their carbon footprint, as well as the transportation industry looking for sustainable and environmentally friendly fuel alternatives.
Features
- Made from 100% renewable sources, including vegetable oils and animal fats.
- Reduces CO2 emissions by 75% and sulfur emissions by 85% compared to petroleum diesel.
- Compatible with existing diesel engines and fuel infrastructure without modifications.
- Meets ASTM D975 specifications for Ultra Low Sulfur Diesel (ULSD).
- Higher cetane number for easier starting and more complete combustion.
- Produced using a licensed proprietary process (Halder Topsoe’s Hydroflex™ technology) involving heat, hydrogen, and a catalyst.
- Can be mixed with petroleum diesel in any ratio.
- Lower aromatics content reduces NOx and particulate matter (PM) emissions.