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Virent Energy Systems
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Short description

Developer of a catalytic thermochemical process for creating gasoline, jet fuel, diesel and chemicals for plastics and fibers from plant sugars

Founded in 2002
Founded in

Company type Acquired Public ()
Company type

Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Madison, WI Madison, United States
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Updated by Sunena Gupta at on 11/09/2023

Edited by Cleantech Group on 09/22/2024

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  • 1 M&A items
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Date Company
10/30/2014

PlantPET Technology Collaborative (PTC) PlantPET Technology Collaborative (PTC)

Virent has signed an Express of Interest agreement that provides PTC members (e.g.; Coca-Cola, Ford, H.J. Heinz, NIKE, etc.) an option for preferred access to Virent's 100% plant-based paraxylene from Virent's first industrial manufacturing facility.

Confirmed by PlantPET Technology Collaborative (PTC)

Partnerships
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Date Partner Type
10/02/2020
Cargill Cargill
Cargill and Virent are working together to evaluate the use of Cargill’s corn dextrose as a feedstock for Virent’s BioForming technology for the production of “drop-in” low-carbon biofuels and biochemicals.
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Confirmed by Cargill
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IPO INFORMATION

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Description

Date Investors Type Amount
09/08/2014 Coca-Cola Coca-Cola (1)
Post-money valuation of
Coca-Cola has extended its relationship with Virent with an additional investment. Fund will be used for the purchase and installation of new equipment to produce plant-based paraxylene.
Growth Equity
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