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Tsubame BHB has raised about $35 million in series C funding from investors, including its first non-Japanese investor, the German precious metal expert Heraeus. Tsubame, a 2017 spin-off from Tokyo Institute of Technology, is developing a process for producing ammonia at small, distributed plants that run at lower pressures and temperatures than traditional, large Haber-Bosch ammonia plants. Tsubame’s process uses an electride catalyst technology that requires ruthenium particles.
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