Inventure International closes $7.2 million financing round

In Alabama, Inventure International, holding company of renewable process technology leader Inventure Renewables Inc., closed a $7.2 million round of financing that it will use to establish a plant for the conversion of biomass into mixed industrial sugars, using Inventure’s patented Mixed Super Critical Fluid technology. In partnership with strategic investor Trebet Assets, Inventure will use a portion of the proceeds to establish Alchimia Inc., a JV to build and operate a demonstration plant using MSCF technology. The Missouri-based plant will process 20 tons per day of mixed biomass and/or lipid oilseed based feedstock into a variety of value-added products, including cellulosic sugars and methyl esters.  Trebet will invest an additional $8.2 million toward the joint venture.