8th December 2018
Investment Round Completed + Phase 1 Commissioning Success!
The company’s 2018 financing round was completed at £2.0m, sustaining the continuing installation and partial commissioning of our demonstration plant at Wilton as well as continued R&D activities.
Major new investors joined the company, including a large investment from members of the Cambridge Angels syndicate. In addition to other new investors, the existing angels, directors and Par Equity supported the financing.
On the demonstration plant, the feedstock intake system and hemi-cellulose hydrolysis unit, producing monomeric xylose liquor and cellulose-lignin solids, were completed and successfully commissioned in November 2018.