The specialty chemicals giant AkzoNobel is partnering with the start-up Renmatix, a specialist in plant-based technology, to make biobased additives for paints and construction materials.
Renmatix attracts investment from Bill Gates and Total for its cellulosic sugars technology [Registered]
The US based start-up Renmatix has secured US$14 million from Business magnate Bill Gates and energy giant Total to support commercialization of its proprietary Plantrose® supercritical hydrolysis technology for converting lignocellulosic feedstock into cellulosic sugars. The produced sugars can be sourced for conventional fermentation processes to produce biofuels and chemicals.
Renmatix plans to open first commercial biorefinery in 2016 [Registered]
Renmatix’s patented Plantrose process conversion technology uses supercritical water to produce cellulosic sugars from lignocellulosic feedstock. These sugars are then made available for conversion into biofuels or biochemicals via variety of microbes, whether purposefully engineered to produce a particular molecule or not engineeered.
Total funds Renmatix supercritical water process conversion technology to produce cellulosic sugars [Registered]
The merit of Renmatix’s Plantrose® process is that it is biomass agnostic. While the company is working on variety of feedstocks, from municipal solid waste to wood waste to agricultural residue, a spoke person for the company says “woody biomass will be the first feedstock we go commercial with, because it has well established supply chains in the Pulp & Paper industry and the industry is looking to evolve”.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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