Prometheus Fuels logo

Prometheus Fuels

Emerging

Prometheus Fuels captures CO2 directly from the air and converts it into gasoline and jet fuel using an electrochemical process; raised $12M+ from Y Combinator and BMW i Ventures;

Best for: Carbon-Negative Synthetic Fuel ProductionEmerging, rapid growth
Climate & EnergyCarbon-Negative Synthetic Fuel ProductionWebsiteUpdated May 2026

Company Overview

About Prometheus Fuels

Prometheus Fuels is a clean energy company founded in 2019 by Rob McGinnis and headquartered in Santa Cruz, California. The company has developed a proprietary electrochemical process to capture carbon dioxide directly from the atmosphere and convert it into hydrocarbon fuels — including gasoline, diesel, and jet fuel — that are fully compatible with existing internal combustion engines and aviation infrastructure. Because the carbon in the fuel was drawn directly from the air, the combustion of Prometheus fuels releases no net new CO2, making them carbon-neutral or, depending on the energy source used in production, potentially carbon-negative.

Business Model & Competitive Advantage

The company raised funding from Y Combinator (W20 batch) and BMW i Ventures, positioning itself at the intersection of direct air capture (DAC) and synthetic fuels. Prometheus Fuels'' process uses a membrane and electrochemical cell that selectively extracts CO2 and converts it into alcohol intermediates, which are then refined into finished hydrocarbon fuels. This approach avoids many of the cost and scalability issues facing rival DAC-to-fuel pathways. The company has emphasized drop-in compatibility as a core value proposition — its fuels require no modification to existing vehicles, aircraft, pipelines, or fueling infrastructure, which dramatically reduces adoption barriers compared to alternatives like hydrogen or pure battery electrification.

Competitive Landscape 2025–2026

Prometheus Fuels operates in a competitive and capital-intensive deep-tech space alongside companies such as Carbon Engineering (acquired by Occidental), Infinium, and Twelve. As aviation and marine sectors face intense pressure to decarbonize without abandoning liquid fuels, Prometheus represents one of several bets on synthetic hydrocarbon pathways. The company''s commercial viability depends on continued reductions in electrochemical process costs and access to low-cost renewable electricity, both of which are progressing industry-wide.

Founded
2019
Headquarters
Santa Cruz, California
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Key Differentiators

Emerging Innovator

Prometheus Fuels is an emerging player bringing innovative solutions to the Climate & Energy market.

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