In California, Cobalt Technologies announced that Bunge Global Innovation has joined its Series E Preferred Stock round as a strategic investor.
The investment follows Cobalt’s agreement with Bunge and specialty chemicals company Rhodia Poliamida e Especialidades to operate a pilot plant demonstrating the production of n-butanol utilizing sugarcane bagasse as feedstock at the Laboratório Nacional de Ciência e Tecnologia do Bioetanol facility in Campinas, Brazil.
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