Renix Inc, Sustainable Separation and Purification Technology for Resource Processors
ClonBio Group Ltd, Market Leader and Large-Scale Producer of Renewable Energy and Animal Nutrition in Europe
Renix Inc and ClonBio Group Ltd are pleased to announce a multi-million dollar investment to accelerate the next stage of Renix’s corporate development.
“As we enter the next phase of our journey, we’re thrilled to have found a such a great partner in the agri-business space,” said Christine Haas, founder and President of Renix. “ClonBio is committed to a vision of dramatic change to methods and sources of production in the agri-food business. They have a seasoned team with a very successful commercialization record. We look forward to working together to transform processes and bring sustainable products to market.”
Having worked together on application development over the past two years, Renix and ClonBio subsidiary Pannonia Bio are cooperating on recovery of alternative protein from spent grain streams, to create a high-purity ingredient for food and feed use.
“Over the past two years ClonBio has been impressed by Renix’s technology and, just as much, by its dedicated and talented team, who advanced our soluble protein development efforts by leaps and bounds despite Covid. It is our honour to support the Renix team further with this investment,” said Mark Turley, founder and CEO of ClonBio.
Bioindustrial Innovation Canada and Southwestern Ontario Angels have been supporters of Renix from the company’s early days. As these organizations exit from the company, they are excited to see Renix taking the next steps with this strategic partnership.
“We’re proud of the accomplishments of the Renix team and that we were able to provide early support to the company. Today we’re pleased to see this investment attracted to a Canadian SME in the Cleantech space”, said Renix Board Chair and Investor Representative, Carmen Gicante. “We and our colleagues at BIC will continue to offer any support we can to help Renix grow.”
Renix will continue to pursue opportunities to develop value recovery processes in the agri-food processing space, as well as mining and water management, from the company’s office at The Grove at Western Fair District in London, Ontario.
About Renix Inc.
Based in London, Ontario, Renix is a cleantech company inspired to use new technology to purify many of the materials we use every day, from the food we eat to the metals we use to the water we need. Our company offers value recovery through our separation and purification technology, RenixUIX™. With Renix’s advanced applications know-how and patented technology, the company is poised to tackle global resource processing challenges. For more information, please visit the Renix website at www.renix.ca.
About ClonBio Group Ltd
ClonBio has developed Europe’s largest grain-based biorefinery, managed by its operating subsidiary Pannonia Bio, situated close to corn feedstock sources in the crop growing regions of Hungary. The refining process separates the constituent elements of grain, namely starch, protein, fibre and oils, and produces renewable bioproducts.
In addition to being a large-scale producer of ethanol and protein-enriched animal feed, ClonBio also functions as an incubator for bioproducts to commercial scale. The company is currently developing novel bioproducts in nutrition, health, biochemical and energy markets. For more information, please visit the ClonBio website at www.clonbio.com.
