Biofine Developments Northeast

About:

Biofine Developments Northeast produces biofuels and renewable chemicals from wood waste and similar cellulosic waste feedstocks.

Website: https://www.biofinedevelopments.com/

Top Investors: Maine Technology Institute

Description:

Biofine Developments Northeast produces biofuels and renewable chemicals from wood waste and similar cellulosic waste feedstocks. The company's proprietary technology, licensed from Biofine Technology (BT), enables the economic production of renewable fuels and chemicals from cellulosic biomass. The Biofine technology has been developed over the past 25 years with strategic partners and is now ready for commercial application. BDNE has received wide support from the heating oil and chemical industries, both of which have indicated significant demand for their product portfolio.

Total Funding Amount:

$2.85M

Estimated Revenue Range:

$1M to $10M

Headquarters Location:

Bangor, Maine, United States

Founded Date:

2019-01-01

Founders:

Mike Cassata, Stephen Fitzpatrick

Number of Employees:

11-50

Last Funding Date:

2021-01-25

IPO Status:

Private

Industries:

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