BioBTX has patented the process known asIntegrated Cascading Catalytic Pyrolysis and just secured 80mn to scale it up.
Scientists refer to these hydrocarbons as aromatic compounds due to their unique smell.
Aromatics form the building blocks of the chemicalindustry.
Everything from drugs to nylon clothing and wind turbine blades make us of aromatic compounds.
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BioBTX is tapping a huge market.
Perhaps thats how the startup managed to secure such a sizeable investment, despite the currently challengingfunding environment.
The Dutch government also added 14mn to the pot, in a show of state support for the technology.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
