Swedish Chemrec Raises $20M for Paper Mill-to-Biofuel Tech

Sweden’s Chemrec, which is working on gasification technology to turn the byproduct from paper and pulp mills into biofuels and biochemicals, says it has raised $20 million to bring its technology to commercialization. The Series C round was led by Environmental Technologies Fund and included existing investors Silicon Valley venture firm VantagePoint Venture Partners and Volvo Technology Transfer, the investment arm of the Swedish automaker.

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