FoodBridge, a part of Novax,is investing in NitroCapt – an innovative Swedish climate tech company aiming to revolutionize the fertilizer industry. NitroCapt offers a sustainable andcost-effective nitrogen fertilizer solution based on air, water, and renewableenergy.
The investment follows Axfood,part of the Axel Johnson Group, and Dafgårds announcing last week that they have signed an off take agreement with NitroCapt to produce one million loaves of bread using green fertilizer from NitroCapt’s first commercial plant.
A Sustainable Future for theFertilizer Industry
Fertilizers are essential formeeting the growing global food demand. However, today’s nitrogen fertilizer production relies on fossil fuels, resulting in annual CO₂ emissions equivalentto the entire aviation industry. Despite significant advancements, no one has yet developed a cost-effective and emission-free method to produce nitrogen fertilizer at scale.
NitroCapt is set to changethis. The company is developing a groundbreaking chemical process that uses only water, air, and renewable energy to fix nitrogen from the atmosphere. This innovative technology drastically reduces the carbon footprint while creating economic benefits for customers. With its immense potential, the process could become the future standard for fossil-free, large-scale nitrogen fertilizer production.
Sofie Borg, FoodBridge:
"We are very excited to be part of NitroCapt’s journey and look forward to closely following their development. We also see a strong connection with the Axel Johnson Group and are confident that this can create added value for our companies and customers across the entire value chain. We have great confidence in the groundbreaking technology NitroCapt has developed."
Gustaf Forsberg, Founder andCEO of NitroCapt:
"This is a major milestone for NitroCapt, bringing Novax and the AxelJohnson Group on board both as a customer and an investor. It is further proof that the market views our technology, which we are now scaling up, as the future of global nitrogen fertilizer production – and as a way for this fossil-dependent industry to rapidly become climate-friendly."
About FoodBridge
FoodBridge, a part of Novax –Axel Johnson’s investment arm, focuses on early-stage investments in companies with the potential to drive positive societal change. Previous investments include Petgood, Improvin', Mediterranean Food Lab, Foodtel, and Proteinish.With this investment, FoodBridge expands its portfolio by adding its sixth company, NitroCapt.
About NitroCapt
NitroCapt was founded by Gustaf Forsberg and Peter Baeling and has, since its initial funding in 2022,become one of the most recognized companies in green agricultural technology in Sweden and internationally. Its groundbreaking patented process, SUNIFIX®, uses oxygen instead of hydrogen to bind nitrogen. Powered by renewable electricity and featuring highly competitive energy efficiency, its end product, SUNIFER®,is the world's most economical green nitrogen fertilizer.
NitroCapt’s main investors include LRF Ventures, Almi Invest Greentech, and EIT InnoEnergy. The company is also supported by the EU LIFE program, the Swedish Energy Agency, and EIP Agri.
For more information, visit: www.nitrocapt.com
