Vertichem acquires 100 per cent stake in Thesis Chemistry

Vertichem acquires 100 per cent stake in Thesis Chemistry

9:41 AM, 21st May 2012
Vertichem acquires 100 per cent stake in Thesis Chemistry
David Milroy, Chairman and CEO, Vertichem.

TORONTO, CANADA: Vertichem Corporation acquires 100 per cent interest in Thesis Chemistry LLC, an Ohio, US headquartered company with operations in Ontario, Canada. Vertichem is an innovative greentech company currently commercializing its patented processes to produce a portfolio of green platform chemicals. Thesis Chemistry is currently commercializing its technology platform for the production of vanillin (the active component of vanilla flavouring) and aromatic aldehydes from plant lignin. The company is also developing more advanced biorefining technologies to convert lignin into phenols, cresols, BTX and fuels.

“The acquisition of Thesis Chemistry enables Vertichem to become one of the only companies globally developing a vertically integrated biorefining model to convert sustainable plant biomass into green chemicals and fuels. The combination of Vertichem’s patented biomass fractionation capabilities with Thesis Chemistry’s deep-conversion biorefining technologies allows us to extract the maximum value from biomass. We can produce numerous green intermediate chemicals and end products that are identical to their petroleum-based counterparts,” said David Milroy, Chairman and CEO, Vertichem. 

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