Confidential — Series A Investment Overview
Raising $10M
to deploy Corazyme
A modular enzymatic platform that converts municipal wastewater sludge into fossil-identical drop-in fuels. Low CapEx. Rapid deployment. No new infrastructure required.
$10M
Series A · 2026
$90M
Pre-money valuation
10%
Investor ownership
The opportunity
Fuel infrastructure is brittle.
Wastewater is wasted.

Fuel logistics are failing

Defense, aviation, and industrial sectors face foreign supply chains, volatile pricing, and regulatory risk. Most alternatives require heavy infrastructure and years to deploy.

Waste is a liability

Municipalities pay to haul away sludge that carries untapped energy value. Every city generates it continuously — at no additional cost.

There is no bridge

Current alt-fuel solutions demand new construction, combustion-heavy processes, or agricultural inputs — all high cost and slow to scale.

Our solution

Corazyme™ closes the gap.

A modular enzymatic system that attaches to existing wastewater infrastructure. No new construction. No combustion. No agricultural inputs. Specification-compliant fuel output from day one.

Infrastructure-compatible — retrofits to existing sites
Ambient temperature and pressure — no combustion
Fossil-identical output — drop-in diesel, SAF, gasoline
Bench validated — ready for first commercial module
Deployable within 6 months of agreement
Competitive landscape
Corazyme™ does what others can’t.
CompanyModularNo combustionNon-food feedstockNo new constructionDrop-in compatibleImmediate revenue
Corazyme™ / OREVO
LanzaJet
Fulcrum Bioenergy
Gevo
Traditional biofuel
The Corazyme™ process
Three steps. No combustion.
No new construction.
01 — Input

Wastewater sludge

Municipal and industrial facilities generate sludge continuously. Already collected, already on-site. No feedstock logistics. No procurement costs. The input is the liability cities already pay to remove.

02 — Conversion

Enzymatic platform

Corazyme™ uses a proprietary enzyme system to convert biogenic carbon at ambient temperature and pressure. No gasification, no combustion. The modular unit retrofits directly to existing infrastructure.

03 — Output

Fossil-identical fuel

Specification-compliant renewable diesel, SAF, and gasoline. Drop-in compatible with existing pipelines, refineries, and engines. No modifications required anywhere downstream.

Unit economics
Validated module outputs.
Scalable fuel revenue.
Commercial module (~300K pop.)
Minneapolis MET Council scale
505,890gal
Renewable fuel per year
$0.51–$1.70
Production cost per gallon
$8.78
Market price per gallon
$4.4M
Annual revenue per module
~94%
Gross margin
Five modules at scale
Modular expansion
$22.2M
Combined revenue
$20.8M
Gross profit
With 45Z tax credit
$10.30–$10.50
Effective price per gallon
$5.2M
Revenue per module with 45Z
Series A context
$10M builds the first commercial module
Establishes commercial blueprint
Validates revenue profile
Enables multi-module replication
2.5 — 3 year runway
Market rollout
From bench to commercial scale.
Stage 1

Bench-scale complete

Platform validated. IP secured. Yield and cost profile confirmed.

Complete
Stage 2

Pilot in progress

Active conversations in Minneapolis, Vacaville, and Seattle. DOE grants pending.

In progress
Stage 3

Commercial prep

First commercial module funded by Series A. Site integration and fuel qualification.

Series A
Stage 4

Scaled rollout

35 modules across cities and bases within 7 years. $154M revenue. $86M EBITDA.

Year 7
Demand & exit landscape
Energy majors deploying billions
into this thesis.
Strategic capital

Chevron $3B in renewable fuels · $3.15B acquisition of REG

ExxonMobil $17B committed to low-carbon through 2027

BP $4B into bioenergy · $1.3B acquisition of Archaea

Shell $10B in low-carbon fuels

Acquisition priorities

Majors targeting technologies that solve feedstock, CI, and scalability constraints.

✓ Secure, low-cost, high-volume feedstock
✓ Drop-in molecules for existing infrastructure
✓ Low CI pathways aligned with mandates
✓ Modular, multi-site deployment capability

OREVO’s strategic fit

Corazyme™ aligns directly with acquisition theses of global energy buyers.

✓ Municipal sludge: stable, low-cost feedstock
✓ Modular units replicate nationally and globally
✓ Fossil-identical fuels meet all downstream specs
✓ CI profile meets 45Z threshold

45Z credit acceleration

45Z requires <50 kg CO₂e per mmBTU. Corazyme™ meets threshold.

✓ Credit applies to each gallon produced
✓ Drives materially higher per-module EBITDA
✓ Strengthens strategic buyer economics
✓ Increases exit valuation basis

Use of funds
$10M allocation for the
first commercial module.
First commercial module build
50%
Enzyme optimization
20%
Corporate infrastructure
11.3%
Operating leadership
10%
Working capital
8.8%

Series A capital builds the first commercial Corazyme™ module.

Funds site integration, enzyme optimization, and regulatory steps required for full fuel qualification.

2.5 — 3 year runway. Establishes a commercial blueprint replicable across cities and military bases nationwide.

Investor value & return framework
Seven-year deployment of 35 modules
generates material EBITDA and exit potential.
Per module & at scale
Commercial value basis
Annual revenue / module$4.4M
Gross profit / module$4.1M
EBITDA / module$2.46M
Year 7 revenue (35 modules)$154M
Year 7 EBITDA$86M
Series A position
Investment terms
Raise amount$10M
Pre-money valuation$90M
Investor ownership10%
Financial buyer exit$688M – $1.03B
Strategic buyer exit$1.29B – $2.15B
Investor return$68.8M – $215M
Return multiple6.9x – 21.5x
Value drivers
What makes this compound
✓ Revenue grows linearly with each module
✓ Standardized builds improve margins over time
✓ Feedstock control is scarce and strategic
✓ 45Z credit materially increases EBITDA
✓ Fuel offtake agreements secure recurring revenue
✓ Modular architecture enables multi-site rollouts
The team
Built to commercialize
first-of-kind molecular systems.
Robert Roscow
Robert Roscow
Co-Founder & CEO
Molecular biologist with deep experience in enzymatic system engineering and industrial biomanufacturing. Led R&D teams, secured IP across biotech and plant genetics, and contributed to over $450M in successful exits. Drives technical direction and Corazyme™ commercial readiness.
Daniel Falk
Daniel Falk
Co-Founder & CBO
Business development leader with background in regulated infrastructure and multi-year commercial partnerships. Recurring contract negotiation track record for multi-site business models. Leads commercialization, buyer engagement, and long-term distribution strategy.
Ready to move forward
Real fuel.
Unexpected origin.
The science is validated. The infrastructure exists. The team is ready. We’re looking for a lead investor to deploy alongside us.