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Stora Enso acquires cellulosic sugar developer Virdia

Stora Enso acquires cellulosic sugar developer Virdia

I know this is a late news but still worthwhile reporting. Stora Enso, a Finnish pulp, paper and packaging company, has acquired 100% of the shares of the US-based cellulosic sugar developer, Virdia, for $33 million (EUR 24 million) with additional potential payouts totaling approximately $29 million following completion of specific technical and commercial milestones … Continue reading »

TODAY'S PRESS RELEASE

  • DEINOVE, a France-based cleantech company that designs and develops a new generation of industrial processes based on Deinococcus bacteria, has developed strains with especially high performance cellulolytic properties. DEINOVE has been able to demonstrate that their engineered Deinococcus has the ability to hydrolyze crystalline cellulose paper in approximately 7 days, similar to Trichoderma reesei, a filamentous fungus commonly used to produce many commercial cellulases that are used by many industries and companies These cellulolytic properties of the DEINOVE strain, coupled with its natural xylanolytic properties, allow the optimization of sugar utilization from lignocellulosic biomass and a decrease in commercial enzymes usage, an important cost factor in the production processes.
  • The EU Commission has awarded €39 million in funding from the NER300 program to Maabjerg Energy Concept, a consortium of companies that include DONG Energy, Novozymes, and local utilities, Vestforsyning, Struer Forsyning and waste management company Nomi, towards the construction of a 80m liters/year cellulosic biorefinery in western Denmark. Today, most of the 1st generation bioethanol additives used in European gasoline is imported - often made by US corn or South American sugar canes. The partners behind the Maabjerg Energy Concept consortium are currently working on the third and final version of the project business plan.

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