Virent’s Director of Chemicals, Kieran Furlong, gave a presentation at “OPEC Oil Embargo +40: A National Summit on Energy Security” in Washington D.C. This event was hosted by Securing America’s Future Energy’s (SAFE) and marked the 40th anniversary of the 1973 oil embargo. Virent took third place in SAFE’s Emerging Innovation Award. Click here to watch the presentation.
Under the terms of the multi-phase development project, Renmatix’s Plantrose™ platform will be evaluated and potentially optimized to provide an affordable sugar stream for Virent’s Bioforming® process for the large-scale production of bio-based paraxylene. Paraxylene is a basic raw material used in the manufacture of purified terephthalic acid (PTA), an important chemical in the production of plastic bottles and fibers made from polyethylene terephthalate (PET). Integrating local feedstock processing with on-site commercial production will lower costs and increase the viability of using renewable chemicals in bio-based packaging and plastics for industrial and consumer goods.