‘Virdia’ Secures $105 Million In Public And Private Financing

Virdia, a leading developer of cellulosic sugars, announced its latest funding round of $30 million in private financing and a $75 million deal with the Mississippi Development Authority to build manufacturing plants in the State. Founded in 2007 as HCL CleanTech, Virdia has developed the CASE process, which converts wood into sugars that can be used to produce transportation fuel, nutritional products and specialty chemicals. View and share