11 September 2014
ABOUT LIQUID LIGHT LLC, HTTP://LLCHEMICAL.COM
READ MORE LIQUID LIGHT LLC PRESENTATION
Details
develops and licenses process technology
to make major chemicals
from low-cost, globally-abundant carbon dioxide (CO2);
an example is ethylene glycol (MEG),
used to make PET-based plastic bottles.
The company, which emerged from stealth six months ago,
has quickly drawn significant industry attention,
including winning the Grand Challenge Grant from CCEMC,
being named a finalist in the 2014 ICIS Innovation Awards,
and having its Chief Science Officer named
one of MIT Technology Review’s Innovators Under 35.
It has also been invited to speak at
numerous industry conferences.
announced it has closed a $15 million Series B financing.
New investors include Sustainable Conversion Ventures,
which focuses on renewable fuels and chemicals investments.
Existing investors VantagePoint Capital Partners, BP Ventures,
Chrysalix Energy Venture Capital, and
Osage University Partners also participated in this round.
The financing was completed
at a significant increase in company valuation.
The new financing will be used to complete process development
at pilot scale,
providing the information needed for further scale up
to a tons-per-day plant.
The scale-up work is also aimed at
validating the quality of the chemicals
produced by the process, to confirm their suitability
for use in key applications such as
the PET used to make plastic soda bottles.
Kyle Teamey,
CEO of Liquid Light.
“This financing provides further validation of
both the market need for our technology and
our progress in developing an advantageous solution,”
“We’re focused on delivering great process technology
to serve our industry partners.”
WWW.CHEMWINFO.COM BY KHUN PHICHAI
