• BIC

Bioindustrial Innovation Canada Testimonial from Comet Bio

TESTIMONIAL

Bioindustrial Innovation Canada (BIC) provides critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. One of these investments is Comet Bio.

Andrew Richard,

Founder and Chief Technology Officer at Comet Bio, discusses how BIC has significantly supported his company.

Comet Bio is a leading provider of sustainable, high-quality, cost-competitive cellulosic dextrose technology for applications in renewable biochemicals, biofuels and food ingredients. Comet Bio operates a demonstration-scale plant in Rotondella, Italy, owned by ENEA, the Italian National Agency for New Technologies, Energy and Sustainable Economic Development. Comet Bio has announced plans for a commercial sugar plant in Sarnia to convert over 60 million pounds per year of agricultural leftovers into high-quality, sustainable ingredients. The company plans to build, own and operate its own plants and to strategically license its technology to select partners on a worldwide basis to meet the growing demand for bio-based products.

With direct investment in Comet Bio, BIC has significantly helped the company to remove barriers to commercialization and has assisted with critical resources such as the establishment of a partnership with the Cellulosic Sugar Producers Co-operative (CSPC).

BIC led a market research study that identified Comet Bio as a key technology provider that could partner with CSPC to develop a cellulosic sugar supply chain in Ontario. BIC also served as a key relationship broker between Comet and CSPC to help foster the relationship.