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virdia.com

Stage

Acquired | Acquired

Total Raised

$119.5M

Valuation

$0000 

About Virdia

Virdia, formerly HCL Clean Tech, is a developer of cellulosic sugars and lignin for use in the renewable chemicals, bio-energy and nutrition industries. The company's CASE process converts a range of cellulosic feedstock, including wood, energy crops and agricultural residues into highly refined sugars and lignin. This low-temperature process delivers the highest yields of sugars from biomass, and has a very light environmental footprint due to the near complete recycling of acids and solvents used in manufacturing.

Virdia Headquarter Location

228 Slayton Avenue

Danville, Virginia, 24540,

United States

434-791-2346

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Expert Collections containing Virdia

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Virdia is included in 1 Expert Collection, including Renewable Energy.

R

Renewable Energy

2,809 items

Includes companies working on technology to support renewable energy generation.

Virdia Patents

Virdia has filed 44 patents.

The 3 most popular patent topics include:

  • Chemical processes
  • Papermaking
  • Food additives
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/14/2017

2/8/2022

Acid salts, Food additives, Chemical processes, Thiadiazoles, Sewerage

Grant

Application Date

6/14/2017

Grant Date

2/8/2022

Title

Related Topics

Acid salts, Food additives, Chemical processes, Thiadiazoles, Sewerage

Status

Grant

Latest Virdia News

09:00 ET Creatus Biosciences Inc. acquires the exclusive option to IP Assets from Stora Enso to Commercialize Xylitol Bioproduct...

Oct 20, 2021

News provided by Share this article Share this article VANCOUVER, BC , Oct. 20, 2021 /CNW/ - Creatus Biosciences Inc. ("Creatus") have signed a purchase agreement with Virdia, LLC ("Virdia"), a wholly-owned subsidiary of Stora Enso Oyj ("Stora Enso") to commercialize end-to-end production of xylitol by fermentation from biomass. The agreement sees Creatus acquire the exclusive option to all IP assets of Virdia's technology platform, which converts lignocellulosic biomass to high quality fermentable sugars and lignin. Under the agreement, Creatus will integrate and market the Virdia technology with its own patented mixed-sugar yeast platform. The combined Creatus and Virdia technologies produce xylitol from waste feedstocks in a low-cost process. Hamilton Clark Sustainable Capital represents Creatus in seeking a buyer for the combined technology package. "It is exciting to continue the work of Virdia, whose development of its platform has resulted in high quality fermentable sugars not seen in traditional hydrolysate technologies," says Dara Djafarian, President of Creatus Biosciences. "By combining this process with Creatus' highly productive xylitol-producing yeast, we enable the transition from chemical to bio-based production of xylitol, bringing it in line with attractive cost-improvements and sustainability focus of other bio-based polyols," Mr. Djafarian concludes. "We are pleased with our agreement with Creatus as our collaboration in the past has been very successful. We see great potential in the integration of the two technology platforms, and our efforts to pass on the value creation from the Virdia technology platform are fully in line with Stora Enso's business strategy," says Markus Mannström, Executive Vice President of Stora Enso's Biomaterials division. Xylitol demand is steadily increasing as a replacement for high-fructose corn syrup and sugar, fuelled by global obesity and children's oral health pandemics. The unique properties of xylitol as an anti-microbial, anti-cavity, low-glycemic sweetener with 1-to-1 sweetness to sugar, make it an ideal substitute for sugar while reducing overall calories, improving oral health and matching sugar's bulking properties. Over 65% of xylitol is used in the chewing gum industry with the largest new growth opportunities in confectionary, pharmaceutical and personal care sectors. Currently, xylitol is produced chemically using a metal catalyst from pure xylose processed from trees or food crop. About Creatus Creatus Biosciences Inc. is a privately held biotechnology company based in Vancouver, Canada, focused on development of industrially-scalable fermentation processes. The Company's technology platform is based upon a novel yeast which possesses a unique, mixed-sugar physiology, enabling multiple bioproduct development from fermentable sugars. About Stora Enso Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com SOURCE Creatus Biosciences Inc. For further information: For Creatus: Dara Djafarian, President, [email protected] ; For Hamilton Clark Sustainable Capital (M&A Enquiries): John McKenna, CEO and Managing Director, [email protected] , +1.703.405.0881; For Stora Enso: Ingrid Peura, SVP, Communications, Biomaterials, [email protected] Related Links

  • Where is Virdia's headquarters?

    Virdia's headquarters is located at 228 Slayton Avenue, Danville.

  • What is Virdia's latest funding round?

    Virdia's latest funding round is Acquired.

  • How much did Virdia raise?

    Virdia raised a total of $119.5M.

  • Who are the investors of Virdia?

    Investors of Virdia include Stora Enso, Burrill & Company, Khosla Ventures, Tamar Technology Ventures, TriplePoint Capital and 5 more.

  • Who are Virdia's competitors?

    Competitors of Virdia include Gevo, Mascoma, ClearFuels Technology, Qteros, ZeroPoint Clean Technology and 11 more.

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