RIO News: Mercuria leads funding round for engine tech firm ClearFlame - 10th Mar 2023, 12:00am

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Raises $30 mln in round also backed by Rio Tinto

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WIND Ventures, Breakthrough Energy Ventures also take part

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Technology helps diesel engines to run on renewables

By Simon Jessop

LONDON, March 9 (Reuters) - U.S.-based ClearFlame Engine Technologies has raised $30 million in a funding round led by global energy trader Mercuria and with backing from new investors including miner Rio Tinto, its chief executive told Reuters.

ClearFlame, whose technology allows diesel engines to run on mo...

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