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Alchemity, a UMD startup, just announced the successful closing of a Seed Financing round backed by Blackbird Laboratories, Chesapeake Bay Seed Capital Fund, Discovery Fund, District Angels, Maryland Momentum Fund, Maryland Energy Innovation Accelerator through the Climate Technology Founders Fund, Resilient Earth Capital, and TEDCO Seed Fund.
The funding will support the demonstration of Alchemity’s single-step liquid fuel production reactor system, designed to produce fuels with zero net CO? emissions. The company’s core technology, developed by Dr. Eric Wachsman, UMD Distinguished University Professor and Director of the Maryland Energy Innoavation Institute (MEI2), and recognized with a Shell GameChanger Award, was exclusively licensed to Alchemity from the University of Maryland and the University of Florida. Having already achieved technical validation, Alchemity is now advancing toward a pilot-scale demonstration of its sustainable aviation fuel (SAF) reactor—a critical milestone in commercializing its modular platform for converting waste and stranded gases, including methane and CO?, into high-value fuels and chemicals. The company’s long-term vision is to provide distributed fuel security while achieving cost parity with conventional fuels.
"This investment allows Alchemity to validate technical performance at a meaningful scale and reduce commercialization risk by increasing the technology readiness and gathering crucial system operational data," said Emir Dogdibegovic, Co-Founder and CEO. "We thank the investors for their support and looking forward to putting our heads down and executing on the proposed efforts", he added.
Alchemity recently graduated from the Creative Destruction Lab and was awarded a Build Our Future Grant from the Maryland Department of Commerce.
As Alchemity advances toward commercialization, the company expects to deliver significant benefits across environmental, economic, and industrial sectors. By converting waste methane into low-carbon fuels, each commercial-scale system has the potential to prevent tens of thousands of tons of carbon emissions annually while creating skilled jobs in engineering, manufacturing, field operations, and project development. The technology also opens new revenue opportunities for farms, wastewater treatment facilities, and landfill operators by converting waste gas streams into marketable fuels and chemicals.
With growing demand for sustainable fuels and increasing pressure to reduce methane emissions, Alchemity is positioning itself at the intersection of climate impact, energy security, and economic growth.
For the full press release, click here.
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