© 2012 Beta Renewables S.p.A.
Making non-food cellulosic biomass practical and cost-effective
Beta Renewables is the leader in making non-food cellulosic biomass practical and cost-competitive for the production of advanced biofuels and biochemicals.
Beta Renewables is a unique $350 million (€250M) joint venture formed from the Chemtex engineering division of Gruppo Mossi & Ghisolfi along with capital investment firm TPG. Recently Novozymes, the world leader in bioinnovation, has acquired a 10% share in Beta Renewables for $ 115 million (€ 90M).
The M&G Group is one of the world’s leading producers of PET resin and is Italy’s second largest chemical company. The Group has operations in Brazil, Mexico, China, India, the USA and Italy. The company has over 60 years of success in process development and commercializing hundreds of plants worldwide.
Beta Renewables has invested over $200 million (€140 million) in the development of the PROESA® process. The company is currently building the world’s first commercial-scale cellulosic ethanol facility in Crescentino, Italy, expected to start operations by the end of 2012.
"Large-scale commercialization of cellulosic biofuels is taking off, and this is a fantastic opportunity for Novozymes.Beta Renewables is an extremely committed industry front-runner. They are building advanced biofuel facilities all over the world and, by being their preferred enzyme supplier, Novozymes will gain access to significant new business opportunities.,"
—Dr. Peder Holk Nielsen, Novozymes
"TPG has evaluated a large number of opportunities in the renewable space.
PROESA® represents the most viable and practical cellulosic sugar technology platform on the market today.
Beta Renewables can broadly deploy this advanced technology and quickly establish a leadership position."
—Dr. Patrick McCroskey, TPG Biotech
“Just one year after it was established, Beta Renewables has become a global leader in the production of non food biofuels and biochemical”.
—Dr. Guido Ghisolfi, Beta Renewables CEO