Nova Pangaea Technologies

Nova Pangaea Technologies, a Teesside-based pioneer in sustainable aviation fuel (SAF), is preparing to raise additional investment to fund the development of its first commercial-scale facility. This follows successful endurance trials of its REFNOVA technology, which converts waste biomass into low-carbon fuel.Summary of transaction details:Value: Undisclosed (seeking investment)Sector: Industrials & Energy (Sustainable Aviation Fuel)Advisor: Not mentionedKey Entities: Nova Pangaea Technologies (Target)Location: Teesside, UKNote: Nova Pangaea Technologies aims to leverage its validated technology to meet the increasing demand for sustainable aviation fuel, driven by rising regulatory requirements and the need for diverse feedstock sources beyond traditional options like used cooking oil.

Investor: Par Equity, Northern Powerhouse Investment Fund (NPIF), Cambridge Angels