HCL CLEANTECH - PRESS RELEASES
These are the recent press releases from HCL Cleantech. Click the links below to read the full release.
Department of Energy Announces up to $36 Million to Support the Development of
Drop-In Biofuels and Bioproducts Investments to help diversify America’s sources of clean, renewable alternatives to fossil fuels
June 10, 2011
As part of the Obama Administration's efforts to cut foreign oil imports, U.S. Secretary of Energy Steven Chu today announced up to $36 million to fund six small-scale projects in California, Michigan, North Carolina, Texas, and Wisconsin, that will advance the technology improvements and process integration needed to produce drop-in advanced biofuels and other valuable bio-based chemicals. The projects aim to improve the economics and efficiency of biological and chemical processes that convert non-food biomass feedstocks into replacements for petroleum-based feedstocks, products, and fuels. These selections further the Obama Administration's strategy for accelerating research and development that will lead the way toward affordable, clean alternatives to fossil fuels and diversify our nation's energy portfolio.
$9.0 Million of this amount was awarded to HCL Cleantech to fund further process development.
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VIRENT AND HCL CLEANTECH RECEIVE GRANT TO DEMONSTRATE CELLULOSIC SUGARS AS FEEDSTOCKS FOR ‘DROP-IN’ BIOFUELS AND BIOPRODUCTS
January 4, 2011 /PRNewswire/ -- BIRD Energy grant will support Virent’s conversion of HCL CleanTech’s pine tree sugars into hydrocarbon fuels and products that can be sustainable, cost-effective, and compatible with existing infrastructure.
Virent Energy Systems Inc. and HCL CleanTech announced today that they have been awarded a $900,000 grant from BIRD Energy, a program for U.S. - Israel joint renewable energy development funded by the U.S. Department of Energy, the Israeli Ministry of National Infrastructures, and the BIRD Foundation. The grant supports almost half of the $2.1 million total project cost.
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Burrill & Company and Khosla Ventures Invest in HCL CleanTech’s Technology for Converting Cellulosic Materials into Low Cost Fermentable Sugars - Enabling Biofuels and other Bioproducts
San Francisco/Tel-Aviv May 27th, 2009, - US Venture Capital funds Burrill & Company and Khosla Ventures have invested in HCL CleanTech (www.hclcleantech.com), a US company and its Israeli subsidiary founded by Prof. Avram Baniel, Prof. Ari Eyal and Eran Baniel. HCL CleanTech has developed a proprietary technology to make an old, industrially proven German process converting lignocellulosic biomass to fermentable sugars economically very attractive. It is these fermentable sugars which are considered the gateway to advanced biofuels (biobutanols, biodiesel, jet fuel etc) and biochemicals (bioplastics etc). Modern chemical technology makes the implementation straightforward and immediate.
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Innovative HCL Recovery Process Revolutionizes the 1930 Bergius Technology for Converting Cellulosic Materials into Fermentable Sugars - Enabling Ethanol for Less Than US$1/Gallon
TEL-AVIV, Israel, June 11, 2008 /PRNewswire/ -- HCL CleanTech (http://www.hclcleantech.com), an Israeli company co founded by Prof. Avram Baniel and Prof. Ari Eyal has developed a proprietary full HCL recovery process, which makes an old, industrially-proven German Cellulosic to fermentable sugars and Ethanol process economically very attractive. The new technology can also "clean" and improve other HCL dependant industries. Modern Chemical technology makes the implementation straightforward and immediate.
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