NEWS

Ontario Helping to Create Jobs and Support Agri-food Sector in Sarnia

NEWS | May 4, 2020

Province Partnering with Comet Biorefining to Support More Than 200 Jobs in Sarnia May 4, 2020 1:00 P.M. Ontario is partnering with Comet Biorefining, to create a new production plant in Sarnia for high-quality, sustainable ingredients that will help to directly create 82 new jobs and 158 new indirect jobs, including those in harvesting, construction, farming and manufacturing. Comet Biorefining produces sustainable, high-quality ingredients for the food and beverage, animal nutrition and biomaterials markets. The… 
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Comet Biorefining Completes Equity Financing

NEWS | February 28, 2020

Investment from new and current investors will be used to advance Comet’s second-generation dextrose plant in Sarnia, Ontario Agricultural residues to be converted into high-purity dextrose for production of sustainable bio-chemicals London, ON - 28 February 2020 - Comet, an industry leader in the production of high-purity cellulosic dextrose, today announced the completion of a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation… 
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Comet Biorefining Signs Supply Agreement With BioAmber, Announces Investment

NEWS | April 16, 2020

LONDON, ON - 18 April 2020 - Comet Biorefining Inc. has signed an off-take agreement with bio-succinic acid producer BioAmber (NYSE:BIOA) for high-purity dextrose from Comet’s planned commercial plant in Sarnia, Ontario. The dextrose will be produced from agricultural residues using Comet’s innovative technology. The offtake agreement also includes provisions for Comet to supply dextrose to future BioAmber manufacturing facilities and provides BioAmber with certain exclusive rights in the fields of succinic acid, 1,4-butanediol (BDO)… 
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Comet Biorefining Appoints Rich Troyer as Chief Executive Officer; Bruce Jamerson Joins Board of Directors

NEWS | April 12, 2020

LONDON, ON - 12 April 2020 - Comet Biorefining Inc. a leading provider of high-quality, cost-competitive cellulosic dextrose technology, today announced the appointment of Rich Troyer as the company’s Chief Executive Officer. Mr. Troyer was most recently the Chief Business Officer at Coskata and was previously a Managing Director at the Blackstone Group. “I am pleased to join Comet at such an exciting time, and look forward to working with the management team as we… 
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Cellulosic Sugar Producers Cooperative collaborating with Comet Biorefining to develop agricultural biomass supply chain

NEWS | March 28, 2020

SARNIA, ON - 28 March 2020 - Cellulosic Sugar Producers Cooperative, an Ontario-based farmer’s cooperative, confirms that it has entered into a memorandum of understanding with Comet Biorefining to collaborate on the development of a sustainable agricultural biomass supply chain in southwestern Ontario. Comet Biorefining recently announced Sarnia, Ontario as the location of its commercial-scale biomass-derived sugar facility. The plant will require over 60,000 tonnes of corn stover or wheat straw per year producing dextrose… 
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Comet Biorefining Awarded $10.9 Million SDTC Grant for Bio-Based Chemicals Plant

NEWS | March 7, 2020

London, Ontario - 7 March 2020 - Sustainable Development Technology Canada (SDTC) has awarded Comet Biorefining, Inc. a grant of CA$10.9 million for the construction of its first-of-a-kind advanced bio-based chemicals plant. Located in Sarnia, Ontario, the plant will use proprietary conversion technology to transform corn stover, an agricultural residue, into high-purity dextrose sugar. SDTC supports the development of technologies which address the challenges of clean air, soil, water and climate change. As a building… 
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Comet Biorefining To Build First Commercial BiomassSugar Plant In Sarnia, Ontario Targets Sustainable Bio-based Chemicals Market

NEWS | February 17, 2020

London, Ontario - 17 February 2020 - Comet Biorefining, Inc. has announced the location of its commercial scale biomass derived sugar facility in the Trans Alta Energy Park in Sarnia, Ontario. The 60 million pounds peryear plant will come online in 2018 producing dextrose sugar from locally sourced corn stoverand wheat straw. Corn stover consists of residues left in the field after harvest including stalks,leaves, husks and cobs. Using its proprietary patented process, Comet converts… 
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