30 Hottest Companies in Renewable Chemicals sneak preview: Rennovia
Note to Community members: Welcome to the sneak preview of the 30 Hottest Companies in Renewable Chemicals competition. This month, we are profiling nominees (not winners). Below, we are asking you to rate the companies. Digest Community member ratings will form 33 percent of the overall ballot for this years Hot 30.
Company name: Rennovia Inc.
Company description: Developer of chemo-catalytic process technologies for production of high-volume chemicals from renewable raw materials
Year Founded: 2009
Chief Executive Officer: Robert Wedinger
Annual Revenues: none to date
Major Investors (if a public company, please provide trading symbol and exchange). 5AM Ventures, Versant Ventures
Type of Processing Technology(ies) : (if applicable) Chemical catalysis
Products: (renewable chemicals (base, fine, speciality, or platform), or bio-based materials (plastics, polymers, monomers, resins, lubricants, inks, detergents, surfactants, rubbers, adhesives, hardeners, additives, or other materials) renewable chemicals; first product: adipic acid
Feedstocks: glucose from starch, sugarcane, or lignocellulose
Product Cost (if applicable – per US pound): (If you do not manufacture or have long-term stable feedstock pricing, please use the latest December futures contract pricing for traded feedstocks, or $55/ton for untraded biomass – or provide notes on your own feedstock pricing assumptions). Proprietary information
Offtake partners: Proprietary information
Co-products: Proprietary information
3 Top Milestones for 2009‐10 (1) Secured Series A financing; (2) Demonstrated lab-scale production of adipic acid from glucose; (3) Filed broad catalyst and process patents around production of adipic acid from carbohydrates using chemical catalysis
3 Major Milestone Goals for 2011‐13 (1) Demonstrate adipic acid production at pilot-scale; (2) Initiate design/construction of first commercial-scale renewable adipic acid plant; (3) Demonstrate Product 2 production at pilot-scale
Business Model: Owner/operator and licensor
Competitive Edge(s): Significant cost advantage over incumbent petrochemical process
Distribution, Research, Marketing or Production Partnerships or Alliances. Proprietary information
Stage (Bench, pilot, demonstration, commercial) Bench/pilot
Projected production volume for 2011: < 1 ton
Website URL: www.rennovia.com
Category: Fuels