IHS Chemical Week

EnviroTech :: Biotech

Cellulosic Sugar Supplier Raises $100 Million

9:14 AM MST | March 6, 2012 | Rebecca Coons

Cellulosic sugar manufacturer Viridia (Redwood City, CA), formerly HCL CleanTech, says it has raised $100 million in public and private financing to fund its first commercial-scale plants and named Genencor veteran Philippe Lavielle CEO. The financing includes a $20 million funding round from insiders Khosla Ventures, Burrill & Company and Tamar Ventures and a $10 million venture debt deal with Triple Point Capital.   Viridia hydrolysis reactors. The financing also includes $75 million in low interest loans from the Mississippi Development Authority to...

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