June 9, 2014

Segetis gets $325K grant, plans commercial facility

Segetis recently announced that Minnesota's Department of Agriculture has awarded the company $325,000 in NextGen Energy grant funding through the state's Agricultural Growth, Research and Innovation (AGRI) program.  In April, Segetis also received $21.2 million in funding from the Iron Range Resources and Rehabilitation Board (IRRRB), a state economic development agency based in northeastern Minnesota.

Not much information was written in the latest press release although according to this article from Biomass magazine, the funding will be used for equipment, capital construction and materials for operation of the company's pilot plant located in Golden Valley, Minnesota, which will be used to optimize process development required to commercialized its levulinic ketal-based plasticizer.

More on this post...
Post a Comment