Comet Biorefining Receives Grant for Bio-Based Chemicals Plant
Comet Biorefining Inc. recently announced it has received a grant of CA$10.9 million(approx. $8.18 million) from Sustainable Development Technology Canada (SDTC) for the construction of a reportedly first-of-a-kind advanced bio-based chemicals plant. Located in Sarnia, Ontario, the plant will use proprietary conversion technology to transform corn stover into high-purity dextrose sugar.
Comet’s technology reportedly enables sugars to be produced cost-competitively with corn or sugarcane-derived dextrose, the conventional raw materials for today’s biochemical production. Comet’s facilities may be built on a small scale to allow flexibility to locate production close to biomass supplies, reducing transportation costs.
“This funding will support the commercialization of our feedstock-flexible technology and produce a much-needed raw material for the growing bioeconomy,” said Andrew Richard, founder. “By supporting Comet Biorefining, SDTC is investing in Canada’s environmental goals and economic future.”
For more information, visit www.cometbiorefining.com.