Bioeconomy start-up gets €2 million from European Innovation Council Fund | Biofuels International Magazine biofuels-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuels-news.com Daily Mail and Mail on Sunday newspapers.
In The News 20 May 2021
EIT Climate-KIC supported Lixea (formerly Chrysalix Technologies) has received a €2 million investment from the European Innovation Council (EIC) Fund. The company has invented a process that uses waste materials and sustainable biomass to support a circular bioeconomy an alternative to today’s polluting and wasteful petrochemical industry. The funding will be used to reinforce the continued operation of Lixea’s plant and support process optimisation.
Currently, society relies heavily on crude oil and products are discarded once used. Lixea is attempting to address these issues with a patented process that uses novel, low-cost and environmentally-friendly solvents known as ionic liquids to convert waste wood, agricultural by-products and sustainably-grown biomass into high-quality intermediates for sustainable chemicals, materials and fuels.
Republish
We are glad to share Ensia articles free of charge under the terms of Creative Commons’ Attribution-NoDerivs 3.0 Unported license. At the beginning of your post, please attribute the writer and Ensia as the original source and link to the Ensia article.
You must use the “Get Article” link below and use the copied text for your repost. Stories may not be edited without permission from Ensia. Please send an email to contact@ensia.com with a link to the republished story on your site once posted.
Images and other visuals are not included in this license. For specific questions related to visuals, please contact Todd Reubold. For other inquiries, email contact@ensia.com.