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Trillium Renewable Chemicals Has Raised $13 M In A Series B Financing Round Led By Hs Hyosung Advanced Materials To Launch The World’s First Demonstration Plant For Bio Based Acrylonitrile. announced it raised $16 Million in an initial filing from an offering of $16 Million

PRIVATEMay 05, 2026•3 months ago

Amount Raised

$16 Million

Round Type

Series B

KnoxvilleOtherManufacturingBiotechnology

Investors

Capricorn PartnersHs Hyosung Advanced Materials

Description

Trillium Renewable Chemicals announced a $13 million Series B financing round, led by HS Hyosung Advanced Materials and supported by Capricorn Partners. This funding will advance the construction and operation of the world’s first demonstration plant for bio-based acrylonitrile. Project Falcon has been completed, with commissioning planned for Q2 2026. The raised capital will facilitate ongoing innovation and engineering design for future commercial plants.

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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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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