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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.

Headquarters 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

2,920 items

Companies in the Renewable Energy space, including solar, wind, hydro, geothermal, and nuclear energy providers, as well as related software developers.

Virdia Patents

Virdia has filed 45 patents.

The 3 most popular patent topics include:

  • Biofuels
  • Chemical processes
  • Papermaking
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/20/2020

6/6/2023

Biofuels, Polysaccharides, Chemical processes, Food additives, Carbohydrates

Grant

Application Date

11/20/2020

Grant Date

6/6/2023

Title

Related Topics

Biofuels, Polysaccharides, Chemical processes, Food additives, Carbohydrates

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

Virdia Frequently Asked Questions (FAQ)

  • 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 Mascoma, ClearFuels Technology, Gevo, Qteros, ZeroPoint Clean Technology and 10 more.

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  • Stalk the smart money
  • Identify tomorrow's challengers
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Compare Virdia to Competitors

X
Xylofuel

Xylofuel aims to license out patented processes for converting plant fiber to fuel ethanol and other products. University of Maryland researchers discovered a bacterium that can readily digest and ferment various forms of plant fiber to ethanol.

S
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Energex

Energex is a producers of residential and industrial wood pellet fuel in North America. Wood pellet fuel is an environmentally friendly and renewable source of energy that is manufactured from sawdust and other waste wood.

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zuChem

zuChem is a leading producer of unique sugars for human health and nutrition. The company develops technologies for the manufacture of glycochemicals and carbohydrates for use in the food, specialty and fine chemical markets. The zuChem approach is unique, combining new technologies with the more traditional synthetic techniques. zuChem researchers have a proven track record in developing and implementing scalable, industrial quality processes.

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