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BASF invests in biomass-to-sugar startup

January 04, 2012
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PHILADELPHIA — German chemical company BASF has invested $30 million in a startup company that produces industrial sugars from wood and other nonfood plant materials for use in chemical manufacturing, according to a press release.

The early-stage company, Renmatix, has developed a patented process called Plantrose™ that makes it possible for the first time to produce industrial sugar in large quantities and at competitive cost from non-edible plant mass.

“The Plantrose technology could allow us in the future to broaden our use of renewable raw materials while improving the cost effectiveness of our value chains even further. In the partnership with Renmatix, BASF is pursuing a new direction while simultaneously underlining its corporate strategy of offering even more sustainable solutions,” said Dr. Josef R. Wünsch, senior vice president modeling, formulation research and technology incubation at BASF.
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