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Biomass company converts cellulosic biomass into highly refined sugars and lignin
June 27, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Stora Enso has acquired 100% of the shares of the U.S.-based company Virdia, a leading developer of extraction and separation technologies for conversion of cellulosic biomass into highly refined sugars and lignin. The upfront debt-free transaction value is approximately USD 33 million (EUR 24 million) with additional potential payouts totaling approximately US$29 million (€21 million) following completion of specific technical and commercial milestones by 2017. The acquisition of Virdia suppo...
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