{"id":20002,"date":"2014-04-16T02:19:55","date_gmt":"2014-04-16T00:19:55","guid":{"rendered":"http:\/\/ilbioeconomista.com\/2014\/04\/14\/bio-based-chemicals-rivertop-renewables-has-raised-26-million-from-cargill-and-others-investors\/"},"modified":"2014-04-15T10:46:14","modified_gmt":"2014-04-15T08:46:14","slug":"bio-based-chemicals-rivertop-renewables-raised-26-million-cargill-others-investors","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/bio-based-chemicals-rivertop-renewables-raised-26-million-cargill-others-investors\/","title":{"rendered":"Bio-based chemicals: Rivertop Renewables has raised $26 million from Cargill and others investors"},"content":{"rendered":"

MISSOULA, Mont.\u00a0— Rivertop Renewables (rivertop.com<\/a>), a Montana-based producer of novel chemicals derived from natural plant sugars, today announced that it has raised $26 million from Cargill (cargill.com<\/a>), First Green Partners (firstgreenpartners.com<\/a>) and existing investors.<\/strong><\/p>\n

Rivertop\u2019s new partners represent world-class leaders in agriculture, finance and industrial products. Their contributions will enable Rivertop to commence commercial production of a new class of high-performance chemicals targeted at consumer product and industrial markets.<\/p>\n

\u201cThis major financing milestone allows us to scale our platform technology and provide a whole new set of products to customers seeking a competitive advantage in the marketplace,\u201d said Mike Knauf, CEO of Rivertop. “Our novel chemicals will enable our customers and partners to innovate within their own product lines with new functionality, cost-performance advantages and sustainability.\u201d<\/p>\n

Rivertop will leverage these funds and an existing manufacturing relationship to produce market development quantities of salts of glucaric acid for select customers. In addition, it will complete construction and begin operations at a semi-works facility at its headquarters in Missoula, where it will optimize its process for world-scale deployment. Rivertop plans to hire more than 20 employees in the next 12 months to support commercial development, effectively doubling the size of its workforce.<\/p>\n

\u201cRivertop\u2019s technology opens new opportunities in the renewable carbon value-chain by unleashing a platform technology with broad applicability,\u201d said Doug Cameron, Co-President and Director of First Green Partners. We\u2019re seeing increased demand for bio-based chemicals amongst the major consumer products companies, and Rivertop is well-positioned to take advantage of this trend.\u201d<\/p>\n

Rivertop\u2019s initial focus will be on commercializing opportunities in the dishwasher detergent and corrosion inhibitor markets. The company will explore additional opportunities from among several large industries including home and personal care products, oil and gas, building and infrastructure, agriculture and food. Access to applications in these markets is enabled by Rivertop\u2019s platform technology which can utilize a range of sugars and sugar alcohols to produce the corresponding \u201csugar acids.\u201d These sugar acids possess a range of properties and will be newly available to industry.<\/p>\n

\u201cCargill\u2019s investment in Rivertop is strategic given the compatibility of our expertise and resources in multiple feedstocks, worldwide facilities and access to key industries,\u201d said Brian Silvey, Vice President of Corn Milling North America at Cargill. \u201cWe are impressed by the broad applicability of the Rivertop platform to address multiple billion dollar market segments.\u201d<\/p>\n

About Rivertop Renewables<\/em><\/h3>\n

Based in Missoula, Montana, Rivertop Renewables is a producer of novel chemicals derived from renewable feedstocks. Merging proven science with a focus on sustainability, Rivertop Renewables is creating an abundant and economical supply of novel, biodegradable and non-toxic chemicals and bio-products derived from sugars.<\/em><\/p>\n

About First Green Partners<\/em><\/h3>\n

First Green Partners is an enterprise focused on commercializing advanced technologies in the carbon value chain. First Green invests in early-stage companies that focus on developing methods of converting renewable carbon, such as non-food biomass and carbon dioxide to fuels and chemicals, and applications of clean or green technologies in the conventional energy process, otherwise known as green-black technologies. The Company was formed in 2011 and is headquartered in Minneapolis, Minnesota.<\/em><\/p>\n

About Cargill<\/em><\/h3>\n

Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 142,000 people in 65 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to applying its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Missoula, Montana: here is located the headquarter of Rivertop
\nRivertop Renewables, a U.S. producer …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5829],"supplier":[230,5118,3371],"class_list":["post-20002","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-economy","supplier-cargill-inc","supplier-first-green-partners","supplier-rivertop-renewables"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/20002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=20002"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/20002\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=20002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=20002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=20002"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=20002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}