In Spain, EU Startups reported that Sonichem, an UK-based startup that converts low-value forestry by-products into high-value, renewable biochemicals, has secured $1.5 million in Pre-Series A funding including a follow-on investment by ACF Investors. The investment will be used to further develop its technology and finalize plans for a biorefinery plant.
Adrian Black, CEO of Sonichem, said: “At Sonichem, our mission is to make the chemical industry more sustainable. Now we’ve completed the first phase of our Pre-series A round, we’re looking to enter our next stage of commercial development as we look to scale our offerings and build towards finalizing our Pre-series A round and raising our Series A to support the development of our biorefinery plant in the North of the UK. ACF’s investment is a continued vote of confidence in our mission and we’re excited to get going.”
The sustainable bio-based chemicals produced through Sonichem’s innovative process are poised to replace toxic petrochemicals that are harmful to people and the environment, across various sectors such as materials (resins, composite plastics, films), cosmetics and pharmaceuticals.
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Tags: biochemicals, Sonichem, UK
Category: Fuels
