PlasmaLeap Technologies, the Australian company pioneering zero-emissions production of ammonia and nitric acid, has secured almost $20 million in a new funding round, while Netherlands-based De Heus Animal Nutrition has completed the acquisition of CJ Feed & Care from CJ Cheil Jedang, marking a significant expansion in Asia.
Australia’s PlasmaLeap Technologies raises $20m Series A
PlasmaLeap Technologies, the Australian company pioneering zero-emissions production of ammonia and nitric acid, has secured almost A$30 million ($20 million) in new funding from a group of strategic and institutional investors, according to an announcement.
The Series A round was led by the Gates Foundation, Investible, and Yara Growth Ventures, the venture arm of Yara International, a global integrated nitrogen fertiliser producer.
Other investors included Twynam, GrainCorp Ventures, Uniseed/UniSuper, Artesian, SVG Ventures, and Agnition Ventures, part of New Zealand fertiliser co-operative Ravensdown.
The proceeds will be used to progress first-of-a-kind fertiliser hubs in New South Wales and Tasmania, expand field trials, and further develop PlasmaLeap’s core technology. Funding will also support longer-term applications in sustainable fuels and energy systems.
PlasmaLeap’s technology, which was spun out of the University of Sydney, enables farmers to produce sustainable nitrogen fertiliser directly on their farms or at local hubs, reducing emissions, input costs, and supply-chain dependency.
Netherlands’ De Heus completes acquisition of CJ Feed & Care
De Heus Animal Nutrition has completed the full acquisition of CJ Feed & Care from CJ Cheil Jedang, marking a significant expansion in Asia.
This strategic step marks a significant milestone in De Heus’ long-term growth strategy and underscores the company’s ongoing commitment to supporting farmers across Asia.
The acquisition strengthens De Heus’ presence in Vietnam, Indonesia, and Cambodia, key markets within its existing portfolio, while also providing entry into two new strategically important markets, Korea and the Philippines.
The transaction value was not disclosed. In total, the transaction comprises 17 feed mills and numerous livestock operations across the region. Since its entry into Vietnam in 2009, De Heus has steadily built a strong presence across Asia.
