Two venture capitol companies have invested in an Israeli company with technology for converting cellulosic materials into fermentable sugars.
Burrill & Company and Khosla Ventures announced their investment in HCL CleanTech, which has “developed a proprietary technology to make an old, industrially proven German process converting lignocellulosic biomass to fermentable sugars economically very attractive.”
“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 & 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.”