28 October 201527 October 2015 Stora Enso Biomaterials division US headquarters move to Raceland, Louisiana Following the acquisition of biotechnology company Virdia in 2014, Stora Enso is buildinga demonstration and market development plant at Raceland, Louisiana, USA as earlier announced
8 January 20157 January 2015 2014: Renewable chemicals review Doris de Guzman's overview shows 2014 was the year for cellulosic ethanol and marketing milestones for bio-succinic acid
24 October 201423 October 2014 Bio-based materials and chemicals set to attract nearly $1 billion investment in 2014 Funding is on the rise from last year, as the maturing industry sees more large-growth-stage investments, Lux Research says
9 September 20148 September 2014 Stora Enso to build demonstration plant in Louisiana, USA Raceland facility is scheduled to start production early 2017
5 September 20144 September 2014 $60M biomass plant to tap into Lafourche bagasse Company expecting completion of the $60 million project in Raceland by the end of 2016
25 June 201424 June 2014 Stora Enso acquires Virdia in (up to) $62M deal For $33M upfront and $29M in incentives for meeting milestones — Stora Enso acquires renewable sugars pioneer Virdia — the former HCL CleanTech — as the Finnish giant hones its biobased strategy
30 May 2012 Virdia opens cellulosic sugar demo plant New Facility to convert cellulosic biomass to high quality fermentable sugars, lignin is operating since late April
27 March 2012 Jet fuel from cellulosic sugars pass tests Successful conversion of cellulosic pine tree sugars to drop-in hydrocarbon fuels within the BIRD Energy project
6 March 2012 Wood chips take acid bath en route to biochemicals Startup Virdia is joining hundreds of biotech companies trying to make low-cost sugar to replace oil and food crops
