Virdia Raises Funds For Cellulosic Sugars | Chemical & Engineering News
Volume 90 Issue 11 | pp. 27-28 | Concentrates
Issue Date: March 12, 2012

Virdia Raises Funds For Cellulosic Sugars

Department: Business
Keywords: cellulose, sugar, cleantech

Virdia, formerly HCL Cleantech, has raised new financing and secured low-interest loans and a loan guarantee from the state of Mississippi. In exchange for an agreement to build cellulose-derived-sugar manufacturing operations in Mississippi, it secured $75 million in low-interest loans and up to $155 million in tax incentives from the Mississippi Development Authority. The firm also raised $20 million in new financing from Khosla Ventures, Burrill & Co., and Tamar Ventures and $10 million in debt financing from Triple Point Capital.

Chemical & Engineering News
ISSN 0009-2347
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