Edeniq secures US$16 million in funding for cellulosic sugar production

Edeniq, a biorefining and cellulosic technology company, announced in januardy 20 it has raised more than $16 million in equity. Edeniq is a leading provider of technology solutions for biofuel production, developing next generation cellulosic technologies. Edeniq uses combined mechanical and biological processes for maximum efficiency and lowest cost.

The equity investment was led by I2BF Global Ventures, an existing investor; Draper Fisher Jurvetson, Angeleno Group, Flint Hills Resources Renewables, The Westly Group, Cyrus Capital, and Nimes Capital also continued to support Edeniq.

The funding will support the roll-out of Edeniq’s PATHWAY™ Platform, which increases ethanol yield at existing plants by three to six percent through a more complete conversion of starch and cellulosic corn kernel fiber into ethanol.
Edeniq’s technologies efficiently break down biomass to liberate cellulosic sugars that can be converted into ethanol, chemicals, and other products.

Edeniq owns and operates a fully integrated two ton per day pilot plant in Visalia, California, which is currently in operation converting cellulosic feedstock into low-cost cellulosic sugars. Key to the process is Edeniq’s patented technologies, including mechanical pretreatment of biomass with the Cellunator™.

Edeniq and Usina Vale are currently constructing a 20 ton per day demonstration plant to produce cellulosic sugars from sugarcane bagasse, the fibrous by-product of sugarcane juice extraction. The plant is co-located with Usina Vale’s ethanol and sugar production suite in Sao Paulo State, Brazil.

Edeniq recently announced the company has entered a partnership with Global Bio-chem. The two companies plan to integrate their technologies in a commercial demonstration plant at Global Bio-chem’s facility in the Jilin Province of China.  Construction has been initiated on the plant, with a target to produce 50,000 metric tons per year of sugars from corn stover.

About Edenic

Edeniq delivers integrated process innovations that unlock sugars. These technological innovations uniquely combine mechanical and biological processes. Ed
eniq’s capital light and operationally efficient solutions can be easily integrated into existing biorefineries that produce ethanol, other biofuels, biochemicals, and/or biobased products. Edeniq currently sells or licenses its technologies to
biorefineries in the United States and Brazil. Edeniq was founded in 2008 and is headquartered in Visalia, California with locations in Omaha, Nebraska and São Paulo State, Brazil.

Source

Edeniq, press release, 2015-01-25.

Supplier

Cyrus Capital Partners, LP
Draper Fisher Jurvetson
Edeniq
Flint Hills Resources
Global Biochem Technology Group Company Limited
I2BF Global Ventures
Nimes Capital
The Westly Group

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