KING OF PRUSSIA, Pennsylvania – September 24, 2012 – Renmatix, the leading manufacturer of cellulosic sugars for biobased chemical and fuel markets, marked the opening of a new research and development center in Pennsylvania today, during a facility tour with U.S. Senator Robert Casey. The multi-million dollar R&D facility serves to accelerate Renmatix’s exploration of new sustainable feedstock sources, assist downstream customers in their transition to cellulosic sugars, and further enhance the economics of the Plantrose™ process to produce the lowest cost sugar intermediates for renewable materials.
“With this new facility, Renmatix will apply its deep technical expertise to expand our feedstock processing capabilities and partner with customers, ranging from emerging biochemical players to Fortune 500 corporations, to incorporate our PlantroTM sugars into their manufacturing processes,” said Manuk Colakyan, CTO of Renmatix. “We’ve already proven Renmatix’s technology is cost competitive. Now, we’re looking to further reduce costs as we scale to commercial production.”
While touring the facility Senator Casey, Chairman of the Joint Economic Committee and a member of the Senate Agriculture Committee, reinforced his support for biobased industry and its role in creating a more sustainable future. “Small businesses like Renmatix are a key part of growing Pennsylvania’s economy and creating jobs,” Casey said. “Republicans and Democrats should come together to support policies that help these businesses create more good-paying jobs.”
Last month, Renmatix announced a joint development agreement (JDA) with Waste Management (NYSE: WM) to explore the viability of using Renmatix’s water-based technology to produce industrial sugars from post-consumer urban waste, including food scraps, construction debris, and paper. The new technical center, equipped with an experienced research staff of chemistry, biology, and process experts, will lead the analysis of urban waste streams, and more than 50 types of sustainable biomass that are available around the world, as future feedstocks for the Plantrose Process.
Renmatix’s Plantrose Process uses supercritical water—a state in which water acts as a solvent—to economically and efficiently deconstruct a wide range of non-food plant material in a continuous reaction to extract cellulosic sugars. Cellulosic sugars, derived from non-food plant material, are the building blocks of plantrochemicals (petrochemicals made from plants) and the emerging bioeconomy.
Renmatix is the leading technology licensor for the conversion of biomass into cellulosic sugar, an enabling feedstock for petroleum alternatives used in the global biochemical and biofuels markets. The company’s proprietary Plantrose™ process challenges conventional sugar economics by cheaply converting cellulosic biomass – from wood waste to agricultural residue – into useful, cost-effective sugars. Renmatix’s supercritical hydrolysis technology deconstructs non-food biomass an order of magnitude faster than other processes and enhances its cost advantage by using no significant consumables. Renmatix is privately held, with operations in Georgia currently capable of converting three dry tons of cellulosic biomass to Plantro® sugar per day, and a world-class technical center in Pennsylvania.
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