Bloom Biorenewables secures funding to complete a biomass fractionation pilot project

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Type of post: NEWS IN BRIEF.

Bloom Biorenewables, company which transfers state-of-the-art technologies developed in Swiss Universities to make biomass a true alternative to petroleum, has secured 2.9 M€ in seed funding with lead investment from Yokogawa Electric Corporation, a worldwide leader in automation of industrial production processes. The investment will be used to complete a biomass fractionation pilot project and secure pre-sales agreements with players from textile, packaging and fragrances industries across Europe. 

Figure 1. Bloom Biorenewables secures funding to complete a biomass fractionation pilot project (taken from the company website) 

Bloom and Yokogawa also signed a cooperation agreement on the commercialization of Bloom’s breakthrough technology. Bloom’s patented mild lignin extraction method uses stabilizing molecules that prevent lignin from condensing during extraction. The company will use the latest investment to prove its technology on pilot project, which was kicked off in January 2020 in HEIA Fribourg facilities (Switzerland) with the support of Innosuisse. Bloom, full member of the Bio-Based Industry Consortium (BIC), is focusing on key markets such as fragrances and food-packaging on the short term and textiles and fuels in a later stage.

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