Khosla Ventures invests in clean technologies

Burrill & Company and Khosla Ventures invested in HCL CleanTech technology to convert cellulose into fermentable sugars for the production cost of biofuels and other organic products

    San Francisco and Tel Aviv - The U.S. venture capital fund, Burrill & Company and Khosla Ventures invested in HCL CleanTech, a U.S. company and its company founded by Professor Avram Baniel, Eran Baniel and Prof. Ari Eyal Israeli subsidiary. Based on a tried and true German transformation process of lignocellulosic biomass to fermentable sugars HCL CleanTech has developed an economically very attractive, proprietary technology. Fermentable sugar, as a springboard for advanced bio-fuels (biobutanol, biodiesel, jet fuel, etc.) and bio-plastics (bioplastics, etc.). Thanks to modern plastics technology whose implementation is targeted and direct.
    HCL CleanTech uses concentrated hydrochloric acid (HCl) for hydrolyzing cellulose, which is made available a wide range of different raw materials, which eventually can be used with minimal adjustments and minimal water and energy.This new technology also enables a "clean" and improved recovery and offset otherwise used with aqueous hydrochloric acid industry.
    According to Greg Young, Director of Burrill & Company "is one of access to cheap, in biomass contained sugar of the greatest challenges for the development of renewable fuels and plastics. HCL CleanTech technology represents a quantum leap in the utilization is that sugar and also concerns Pretreatment of all other technologies such as fermentation-based processes and the outgoing of oligosaccharides plastic reforming. " "We expect a lot from this process, which will make important contributions to all product-related industries who want to work with biomass as a feedstock."
    Burrill & Company and Khosla Ventures have been intensified at the beginning of the Zohar Gilon financing, the leading startup capital, and through the company's founder. The proceeds will be used for continuation of research and development in Israel and establishing a pilot plant planned for 2010 in the United States.

    About HCL CleanTech Ltd..
    In December 2007, registered as a society, technology development company HCL CleanTech was founded by two of the most prominent Israeli scientists in the plastics industry: Prof. Avraham Baniel (over 35 years of applied research and development, along with Director of the IMI, the Israel Mining Institute, he teaches at the Casali Institute of the Hebrew University ) and Prof. Ari Eyal (Professor of Applied Chemistry and senior advisor to many global companies).
    Burrill & Company
    Burrill & Company is a commercial bank for life sciences, which focuses exclusively on companies in the industrial (biomaterials / bioprocesses) and agricultural biotechnology, pharmaceuticals, health and wellness sector and health care related medical technologies. The company serves over 950 million dollars in venture capital. Burrill skills in the field of risk capital and technical investment include the full spectrum of life sciences. In addition, Burrill is the spearhead of strategic partnerships in the life sciences - an invaluable asset for the value of portfolio companies and their growth and development increase. Burrill also promotes and sponsors a number of leading annual industry conferences and publishes half-yearly reports on developments within the biotechnology industry. For more information, see ...
    Khosla Ventures
    Khosla Ventures offers venture capital and strategic consulting services and award corporate capital. The company supports entrepreneurs in the potential maximization of science leading ideas in the field of clean technologies, including solar energy, energy storage devices, high power motors, lights, "green" materials like cement and glass and bio-refineries for energy and synthetic fuel production and other environmentally friendly technologies, without sacrificing the traditionalventure capital, including internet, the computer sector, the mobile technology and silicon-based technologies to give. The company was founded in 2004 by Vinod Khosla, who previously served as partner at Kleiner Perkins and founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, California.