Manta Biofuel

manta biofuel .jpeg

"Developing cost competitive, Renewable crude oil" 

 
 

industry verticals

Biofuels 

problem 

The fossil fuel industry is in decline and needs a renewable alternative. 

solution

Cost competitive, renewable crude oil made from algae. 

team

Dr. Ryan Powell Chemical Engineer, Co-Founder

Alexandra Hemmer, Co-Founder 

website 

mantabiofuel.com

business model 

Manufacturing 

Stage of development 

TRL 6: Prototype validation in relevant environment 

grants and awards to date 

  • $15K DOE Clean Energy Business Plan Competition
  • $20K REEF Seed capital
  • $40K REEF fellowship
  • $50K TEDCO Technology Validation Program (Phases I & II)
  • $100K Convertible debt investment, TEDCO TCF program
  • $150K Convertible debt investment, Chesapeake Bay Seed Capital
  • $150K DOE SBIR Phase I
  • $200K Maryland Industrial Partnerships (MIPS)
  • $1M DOE SBIR Phase II

3-6 month milestones 

Produce and sell 3 barrels of oil 

additional needs 

  • Investment to expand manufacturing of equipment 
  • New patent filings 
  • Construction of expanded production sites 

CONTACT 

Dr. Ryan Powell at ryan@mantabiofuel.com