Biofuels Firm HCL Raises Venture Funds | June 8, 2009 Issue - Vol. 87 Issue 23 | Chemical & Engineering News
Volume 87 Issue 23 | p. 28 | Concentrates
Issue Date: June 8, 2009

Biofuels Firm HCL Raises Venture Funds

Department: Business
Keywords: lawsuit, U.S. Federal Court, corn, herbicide

HCL CleanTech, a cellulosic biofuel start-up, has raised its first round of funding from venture capital firms Burrill & Co. and Khosla Ventures. HCL claims to have improved a World War II-era German process for converting cellulose to sugar using concentrated hydrochloric acid. The company says it has developed a solvent extraction method to reclaim the acid for reuse. HCL says its process allows users to accept a wide variety of feedstocks without pretreatment and requires less water and energy than sulfuric acid or enzymatic methods.

 
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