Comet Biorefining

About:

Comet Biorefining has developed a novel process to convert cellulosic biomass into high quality cost-competitive cellulosic glucose.

Website: http://comet-bio.com/

Twitter/X: Cometbio

Top Investors: Bioindustrial Innovation Canada, BDC Venture Capital, Sofinnova Partners, Louis Dreyfus Company, BDC

Description:

Comet Biorefining is a leading provider of sustainable high-quality cost-competitive cellulosic glucose technology for applications in renewable biofuels and biochemicals. The company’s proprietary technology allows for the conversion of wood, wheat straw, bagasse, corn stover and other agricultural waste materials into high purity cellulosic glucose syrup. These non-food sources offer lower cost and price stability when compared to food sugar sources such as corn or sugar cane. Demonstrated at 5 dry tons per day scale, Comet is focusing on commercial scale up and development of commercial partnerships with applications in renewables industries.

Total Funding Amount:

$22M

Estimated Revenue Range:

$10M to $50M

Headquarters Location:

London, Ontario, Canada

Founded Date:

2009-01-01

Contact Email:

info(AT)cometbiorefining.com

Founders:

Andrew Richard

Number of Employees:

11-50

Last Funding Date:

2021-07-13

IPO Status:

Private

Industries:

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