Trillium Announces Close Of Series A Financing, Raising $10.6 Million
PRIVATEDec 06, 2022
Amount Raised
$10.6 Million
Round Type
Series A
KnoxvilleOtherManufacturingBiotechnology
Description
Trillium Renewable Chemicals (www.trilliumchemicals.com) announced today it has raised a $10.6M Series A financing round. The first closing totaled $5.5M and was led by Hyosung Advanced Materials Corporation. Current investor Capricorn Partners also participated. HELM AG has agreed to join the Series A round to bring the total to $10.6M
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Company Information
Company
Trillium Renewable Chemicals
Location
Knoxville, Tennessee, United States
About
Trillium is replacing oil and gas with plant-based feedstocks in the manufacturing of green, drop-in molecules. Trillium has developed proprietary thermochemical technology to convert plant-based feedstocks like glycerol into valuable chemical intermediates (acrylonitrile and acetonitrile). Acrylonitrile is used to manufacture a wide-range of materials (e.g., acrylonitrile-butadiene-styrene (ABS) plastic, carbon fiber, acrylic fiber, nitrile butadiene rubber (NBR), acrylamide, specialty amines). As the worldwide demand for these chemicals increase, Trillium is providing a green alternative.
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KnoxvilleOtherManufacturingBiotechnology