September 21, 2014 11:08 PM ET

Chemicals

Company Overview of Renmatix, Inc.

Company Overview

Renmatix, Inc. produces cellulosic sugars for renewable chemical and fuels markets. The company produces cellulosic sugars from non-food based feedstocks, such as waste wood, agricultural residue, and energy grasses. Renmatix, Inc. was formerly known as Syria Innovations, Inc. and changed its name in April 2011. The company was incorporated in 2007 and is based in King of Prussia, Pennsylvania with an additional office in Kennesaw, Georgia.

660 Allendale Road

King of Prussia, PA 19406

United States

Founded in 2007

Phone:

484-751-4000

Fax:

484-751-4001

Key Executives for Renmatix, Inc.

Chairman and Chief Executive Officer
Chief Strategy Officer and Vice President of Finance
Chief Relationship Officer and Senior Vice President
Managing Director of International Development
Chief Technology Officer
Compensation as of Fiscal Year 2014.

Renmatix, Inc. Key Developments

Renmatix, Inc. Presents at World Congress on Industrial Biotechnology, May-12-2014

Renmatix, Inc. Presents at World Congress on Industrial Biotechnology, May-12-2014 . Venue: Philadelphia, Pennsylvania, United States.

BASF and Renmatix Agree on Joint Development for the Production of Industrial Sugars from Biomass

BASF and Renmatix Inc. will jointly scale up the Renmatix Plantrose process for the production of industrial sugars based on lignocellulosic biomass. The two companies signed a non-exclusive joint development agreement. The parties have agreed to key financial terms for future commercial licenses, which BASF can exercise at its discretion. The collaboration follows BASF's $30-million investment in Renmatix in January 2012. The Plantrose technology developed by Renmatix enables industrial sugar to be produced, at competitive costs, from a variety of non-edible biomass (lignocellulose) sources. The proprietary process breaks down lignocellulosic sources (e.g. wood, agricultural-residues or straw) into industrial sugars using supercritical water (water at high temperature and pressure). Industrial sugars are important building blocks for various basic chemicals and intermediates that can be produced, for example, by fermentative processes. The availability of these industrial sugars in sufficient quantities and at competitive cost is important to enable both environmentally-friendly and cost-competitive bio-based products. Incorporating biomass feedstocks as a first step in the value chain, creates a raw material change that can reduce reliance on fossil raw material sources like naphtha as principal feedstock. Projects relating to the topic of raw material change make up one important technology field in BASF's Research Verbund. BASF experts are engaged in identifying interesting processes for utilizing alternative raw materials, such as renewables, natural gas, and CO(2).

Virent Announces Partnership with Renmatix

Virent announced production of a chemical needed by Coca-Cola to make plastic bottles entirely from plants instead of petroleum. The company said it plans to collaborate with a Pennsylvania company that is using new technology to extract plant sugars from wood waste and other agricultural residues. Virent and Renmatix of King of Prussia, Pa., announced their partnership. The companies plan to tap Renmatix's technology for converting plant materials into sugars. Virent would then take those sugars and use them in its chemical conversion process that produces a key ingredient for plant-based bottles under development for the Coca-Cola Co. The collaboration could lead to large-scale production of biobased paraxylene, a key chemical used in production of plastic bottles and other materials.

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