Comet Biorefining has developed a novel process to convert cellulosic biomass into high quality cost-competitive cellulosic glucose.
Comet Biorefining is a leading provider of sustainable high-quality cost-competitive cellulosic glucose technology for applications in renewable biofuels and biochemicals. The company’s proprietary technology allows for the conversion of wood, wheat straw, bagasse, corn stover and other agricultural waste materials into high purity cellulosic glucose syrup. These non-food sources offer lower cost and price stability when compared to food sugar sources such as corn or sugar cane. Demonstrated at 5 dry tons per day scale, Comet is focusing on commercial scale up and development of commercial partnerships with applications in renewables industries.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jul 13, 2021 | Series C | $22M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
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Louis Dreyfus Company | — | Series C |