News International Sugar Journal
Brazil – Bunge invests in Cobalt Technologies to produce bagasse based butanol [Registered]
US startup Cobalt Technologies recently announced that Bunge Global Innovation has joined its Series E Preferred Stock round as a strategic investor. The investment follows Cobalt’s agreement with Bunge and specialty chemicals company Rhodia Poliamida e Especialidades Ltda. (“Rhodia”) to operate a pilot plant demonstrating the production of n-butanol utilizing sugarcane bagasse as feedstock at the Laboratorio Nacional de Ciencia e Tecnologia do Bioetanol facility in Campinas, Brazil. The terms of the agreement also provide for the parties to work together on co-location of a demonstration scale facility and to consider co-location of a commercial-scale biorefinery at a Bunge sugarcane… Login to continue