Press Release: Renmatix Chosen as 2014 Bloomberg New Energy Pioneer
LIGHTNING RELEASES: New York (4/7/2014) — Bloomberg New Energy Finance, the provider of unique analysis and data for decision makers driving change in the energy system, announced that it has chosen Renmatix as a 2014 Bloomberg New Energy Pioneer. This recognition for Renmatix and its Plantrose™ technology will be celebrated during a keynote program at the seventh annual Bloomberg New Energy Finance Summit in New York City.
“At a time when there is so much bioindustrial development happening on a global scale, we are particularly honored to be chosen for our Plantrose technology – and its leadership in creating access to the cellulosic sugars that will drive commercial scale biorefineries,” said Renmatix CEO, Mike Hamilton. “Renmatix’s ability to architect affordable industrial sugars from biomass using its water-based Plantrose™ process is emerging as a cornerstone in downstream renewable strategies for key sector leaders like BASF, Waste Management, and UPM. Today’s chemical, fuel, and even consumer goods producers are looking for affordable access to these sugars to enable the mass production of biochemicals, biofuels and bio-based goods or packaging.”
“From an international perspective, the appeal of our Plantrose platform is its role as the common bridge between non-food plant material growing all around the world and cost-competitive production of bio-based chemicals and fuels. The key to unlocking these renewable sources of energy, in whatever region they exist, is an economical means of conversion,” said Duncan Cross, Managing Director of International Development at Renmatix. “Licensing the Plantrose process as the most cost-effective route for that conversion is the path that Renmatix’s international portfolio of partners have chosen to enable the production of their wide range of applications from chemicals and fuels to consumer-facing products and packaging.”
This year’s BNEP winners represent a broad range of industries including bioenergy, energy efficiency, geothermal, innovative finance, smart energy technology, solar and water. By rewarding game changing innovators, Bloomberg New Energy Finance hopes to highlight the profound transition in today’s energy system, towards new business models, technologies and market structures that are challenging the status quo.
The awards program, now in its fifth year, selects a global class of ten New Energy Pioneers each year. This year the independent panel of industry experts selected the winners from numerous applicants from around the world, assessing them against three criteria: innovation, demonstrated momentum and potential global scale.
Michael Wilshire, Selection Committee Chair and Head of Analysis of Bloomberg New Energy Finance, said: “We were impressed by the strength and breadth of innovation in this year’s New Energy Pioneer candidates and their potential to accelerate the next wave of industry growth. We are again very grateful to our group of judges who narrowed this field down to just ten winners. We wish all of the Pioneers every success in the future.”
Other 2014 winners include 1366 Technologies, Breathing Buildings, Bridgelux, Coolerado, Genomatica, Green Energy Group, M-KOPA Solar, Oasys Water, and Younicos.
Bloomberg New Energy Finance’s New Energy Pioneers program is supported by EY, Wilson Sonsini Goodrich & Rosati, and Broadscale.
For more information on the Pioneers program, visit: http://about.bnef.com/events-awards/new-energy-pioneers/.
For more information on the Bloomberg New Energy Finance Summit, visit: http://about.bnef.com/summit/
Renmatix is the leading technology licensor for the conversion of biomass into cellulosic sugar, an enabling feedstock for petroleum alternatives used in the global biochemical and biofuels markets. The company’s proprietary Plantrose™ process challenges conventional sugar economics by cheaply converting cellulosic biomass – from wood waste to agricultural residue – into useful, cost-effective sugars. Renmatix’s supercritical hydrolysis technology deconstructs non-food biomass an order of magnitude faster than other processes and enhances its cost advantage by using no significant consumables. Renmatix is privately held, with operations in Georgia currently capable of converting three dry tons of cellulosic biomass to Plantro® sugar per day, and a world-class technical center in Pennsylvania. For more information, visit www.renmatix.com.
About Bloomberg New Energy Finance
Bloomberg New Energy Finance (BNEF) provides unique analysis, tools and data for decision makers driving change in the energy system. With unrivalled depth and breadth, we help clients stay on top of developments across the energy spectrum from our comprehensive web-based platform. BNEF has 200 staff based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington D.C., and Zurich. For more information on Bloomberg New Energy Finance: http://about.bnef.com, or contact us at firstname.lastname@example.org for more information on our services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with Analyst Ratings Network's FREE daily email newsletter.