[NEWS] Bill Gates Invests in Biofuels
– by Mariyana Nayeva, September 15, 2016, See News Renewables
Oil and gas major Total (EPA:FP) and Bill Gates lead the USD 14 million (EUR 12.7m ) funding round, recently completed by US-based biofuel specialist Renmatix.
The privately-held company is a technology licensor for the conversion of biomass into cellulosic sugar, an enabling feedstock for petroleum alternatives used in the global biochemical and biofuels markets. Its proprietary Plantrose process deconstructs non-food biomass faster than other processes, and enhances its cost advantage by using no significant consumables, the company claims.
Renmatix has a technical center in Pennsylvania, a feedstock processing facility in New York, and production operations in Georgia.