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06.04.2017Industrial sugars from waste: The Digest’s 2017 Multi-Slide Guide to Comet Biorefining
Written by Jim Lane, BiofuelsDigest

Earlier this month, BiofuelsDigest reported that Comet Biorefining had successfully closed an investment round to fund its proposed cellulosic sugar production facility using stover and wheat straw as feedstock. PM Equity Parnership, the corporate venture and private equity investment arm of Philip Morris International, led the financing round that was also joined by Bioindustrial Innovation Canada (BIC) and Sofinnova Partners. The investment brings the company closer to its goal of having its 60 million pound per year facility online next year as planned.

Comet’s development has provided increasing shape to the development of an biobased industrial cluster in the Sarnia region of Ontario — a corn-growing region where farmers will provide agricultural residues which will be processed into industrial-grade cellulosic dextrose by Comet. In turn, BioAmber will be the offtake partner for those sugars, and use its own proprietary technology to produce biobased succinic acid and high-value derivative chemicals including 1,4-butanediol (BDO) and tetrahydrofuran (THF).

At ABLC 2017, Comet CEO Rich Troyer gave an overview of Comet’s tech and progress. You can find the presentation on the BiofuelsDigest website.