Renmatix buys Swedish IP for cost-competitive cellulosic sugars

In Pennsylvania, Renmatix announced it has acquired the intellectual property rights and know-how of REAC Fuel. Based in Sweden, REAC has developed intellectual property that complements Renmatix’s significant expertise and existing portfolio of supercritical technology patents and applications. The acquisition expands Renmatix’s value proposition for licensing their Plantrose Process to produce cost-competitive cellulosic sugars.

The Plantrose Process utilizes supercritical water to convert biomass into cost-advantaged cellulosic sugars using primarily water, with no significant consumables.  An industry study, released in Alberta this year, identified Renmatix’s Plantrose technology as a critical factor for enabling a larger bioeconomy “due to the potential to link its products to the production of multiple high value chemical products via numerous synthetic biology platforms.” Access to cheaper sugars will allow many downstream partners to profitably commercialize their respective technologies for a variety of cellulosic applications.