FORGE Hydrocarbons

Oakville, Canada Founded: 2012 • Age: 14 yrs
Developer of LTH technology to produce petroleum-based hydrocarbons
Annual revenue - Latest available
Total funding $26.6M 3 rounds
Employees 6 Tracked headcount
Investors 4 Known backers
Products 2 Services tracked
Competitors 9 Brand Intelligence

About FORGE Hydrocarbons

FORGE Hydrocarbons is a company based in Oakville (Canada) founded in 2012 by Tim Haig. FORGE Hydrocarbons has raised $26.61 million across 3 funding rounds from investors including Shell, Lockheed Martin and Valent. The company has 6 employees as of December 31, 2024. FORGE Hydrocarbons offers products and services including LTH Technology and Renewable Diesel. FORGE Hydrocarbons operates in a competitive market with competitors including LanzaTech, Fulcrum Bioenergy, Renmatix, INENTEC and EcoCeres, among others.

  • Headquarter Oakville, Canada
  • Employees 6 as on 31 Dec, 2024
  • Founders Tim Haig
  • Sectors
    Environment
    Energy & Utilities
  • Email
    Locked
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Forge Hydrocarbons Corp
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $26.61 M (USD)

    in 3 rounds

  • Latest Funding Round
    $22.61 M (USD), Series B

    Feb 13, 2020

  • Investors
    Shell

    & 3 more

  • Employee Count
    6

    as on Dec 31, 2024

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Products & Services of FORGE Hydrocarbons

FORGE Hydrocarbons offers a comprehensive portfolio of products and services, including LTH Technology and Renewable Diesel.

Product name locked
Category locked
Primary

Converts waste fats into renewable hydrocarbons for clean energy applications.

Product name locked
Category locked
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Produces drop-in biofuels compatible with existing infrastructure and engines.

Funding Insights of FORGE Hydrocarbons

FORGE Hydrocarbons has successfully raised a total of $26.61M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $22.61 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in FORGE Hydrocarbons

FORGE Hydrocarbons has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Shell, Lockheed Martin and Valent.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm focused on investing in clean tech sectors
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Shell is recognized as a global energy and petrochemical company.
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Provider of renewable fuels and oil desulfurization solutions
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Investor details for FORGE Hydrocarbons

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Investments & Acquisitions by FORGE Hydrocarbons

Investments
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Investment portfolio details for FORGE Hydrocarbons

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Financial Statements - FORGE Hydrocarbons

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Detailed financials for FORGE Hydrocarbons

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Forge Hydrocarbons Comparisons

FORGE Hydrocarbons Primary company
Description
Developer of LTH technology to produce petroleum-based hydro...
Location
Oakville, Canada
Founded Year
2012
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
6
As of 2024
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Peer comparison for FORGE Hydrocarbons

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Competitors of FORGE Hydrocarbons

FORGE Hydrocarbons operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LanzaTech, Fulcrum Bioenergy, Renmatix, INENTEC and EcoCeres, among others.

Company Name Domain Founded year HQ Location Description
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Waste carbon is treated via a bio-processing platform.
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Ethanol production from municipal solid waste is enabled.
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Cellulosic sugars are produced from non-food biomass via supercritical hydrolysis.
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Technology developer for conversion of wastes to energy
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Provider of waste based biomass to biofuels
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Biofuels and renewable chemicals are produced from municipal solid waste.
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Detailed competitors of FORGE Hydrocarbons

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Latest news on Forge Hydrocarbons

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Frequently Asked Questions about FORGE Hydrocarbons

FORGE Hydrocarbons was founded in 2012 and raised its 1st funding round 4 years after it was founded.

FORGE Hydrocarbons is headquartered in Oakville, Canada. It is registered at Oakville, Ontario, Canada.

Tim Haig is the current CEO of FORGE Hydrocarbons. They have also founded this company.

FORGE Hydrocarbons is a funded company, having raised a total of $26.61M across 3 funding rounds to date.

As of Dec 31, 2024, the latest employee count at FORGE Hydrocarbons is 6.

FORGE Hydrocarbons was founded in 2012 in Oakville, Canada, focusing on the renewable energy sector. Lipid-to-Hydrocarbon (LTH) technology is employed to transform waste fats and used oils into drop-in fuels, solvents, and chemicals. This process relies on pressure and temperature without catalysts, enabling production of petroleum-based hydrocarbons. Operations emphasize sustainable conversion methods for industrial applications.

FORGE Hydrocarbons's top competitors include INENTEC, Fulcrum Bioenergy and LanzaTech.

FORGE Hydrocarbons offers LTH Technology and Renewable Diesel.

FORGE Hydrocarbons has 4 investors. Key investors include Shell, Lockheed Martin, Valent, and Sustainable Development Technology Canada.

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