Vaperma scoops up $5.5 for ethanol-filtration
Vaperma, maker of the Siftek membrane system used to drain water from ethanol, brought in a $5.5 million tranche of a $17.2 million second round of funding. The money will go toward the Quebec City company’s first shipments of filters and additional product research, reports VentureWire.
The filtration system — also capable of separating out nitrogen and oxygen for industrial purposes — will be sold for between $5 and $10 million. Vaperma is already testing two… Continue Reading
Chemrec scores $20M for “black liquor” biofuels
Chemrec, a company that converts paper mill byproducts into clean-burning biofuels, snagged $20 million in third-round funding from Environmental Technologies Fund, VantagePoint Venture Partners and Volvo Technology Transfer, the car maker’s venture branch.
The Swedish firm processes one particular mill byproduct known as “black liquor” first into a gas, and then into biofuels and biochemicals for automobiles and general electrical purposes. So far, it has implemented this technology at mills in Sweden and North Carolina, both… Continue Reading