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…

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