 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Burrill And Khosla Ventures Invest In HCL CleanTech Technology
Tel-Aviv, Israel (SPX) Jun 05, 2009 US Venture Capital funds Burrill and Company and Khosla Ventures have invested in HCL CleanTech, a US company and its Israeli subsidiary founded by Prof. Avram Baniel, Prof. Ari Eyal and Eran Baniel. HCL CleanTech has developed a proprietary technology to make an old, industrially proven German process converting lignocellulosic biomass to fermentable sugars economically very attractive. It is these fermentable sugars which are considered the gateway to advanced biofuels (biobutanols, biodiesel, jet fuel etc) and biochemicals (bioplastics etc). Modern chemical technology makes the implementation straightforward and immediate. HCL CleanTech's use of concentrated hydrochloric acid (HCl) efficiently hydrolyzes all cellulosic materials and so allows a large variety of feedstocks to be used with minimal configuration, it requires very little water and is completely self sufficient energetically. This new technology can also "clean" and improve the recovery of the acid in other industrial streams containing dilute HCl. "Accessing cheap sugar locked in biomass is one of the greatest challenges now faced by those pursuing renewable fuels and chemicals. HCL CleanTech's technology represents a step change in accessing these sugars, and drops into the pretreatment step of any fermentation-based process or chemical reforming technique which starts with oligosaccharides," said Burrill and Company Director, Greg Young. "We are eager to see this proven at scale, at which point it becomes immediately relevant to adjacent industries aiming to use biomass as a feedstock." Burrill and Company and Khosla Ventures were joined in this Series A round of financing by Zohar Gilon, the lead seed investor, and the founders. The proceeds will serve to continue R and D in Israel and build a pilot plant in the US to be completed in 2010. Share This Article With Planet Earth
Related Links HCL CleanTech Khosla Ventures Bio Fuel Technology and Application News
Fulcrum BioEnergy To Present At Platts ConferencePleasanton CA (SPX) Jun 02, 2009 Fulcrum BioEnergy has announced that its President and CEO, E. James Macias, will be speaking at the Platts 2nd Annual Advanced Biofuels Conference. Mr. Macias will participate in a panel discussion titled "Thermochemical Platforms for Advanced Biofuels - State of the Industry." The conference will take place at the Marriott Washington in Washington, DC on June 4 and June 5. Fulcrum ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook