Chemrec AB

Chemrec Named a 2010 Global Cleantech 100 Company

Pressmeddelande   •   Okt 21, 2010 16:40 CEST

Chemrec, provider of a unique gasification technology used in pulp  and paper mills to produce sustainable, low-carbon fuels, today announced it has been named in the prestigious 2010 Global Cleantech 100. The award goes to the most promising private clean technology companies from all around the world, companies likely to make the most significant market impact over the next 5-10 years, in the eyes of the world’s cleantech experts.

The award is produced by the Cleantech Group, providers of leading global market research, events and advisory services for the cleantech industry. The list is produced as part of the Global Cleantech 100 program, run in collaboration with the Guardian News and Media.

“We are honored to receive this recognition”, said Max Jonsson, CEO Chemrec. ”Our gasification technology is ready for demonstration on a commercial scale and within the European BioDME project the clean fuel from our pilot plant will be tested by Volvos test fleet of heavy trucks. The Chemrec biofuels reduces green house gas emissions about 95%.”

International expert panel
To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange. 4,616 nominations from 50 countries were received. 218 companies were presented to the panel consisting of 60 international experts. The end result was 100 companies from 14 countries.

“The second Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is currently most excited about, from a commercial standpoint,” said Richard Youngman, MD, Europe & VP, Global Research at Cleantech Group. ”Cleantech is a broader phenomenon than just clean energy. The wider issues of resource scarcity are starting to gain attention and traction.”

“The Global Cleantech 100 list represents the most rigorous, serious attempt made to provide a scorecard of the progress that is being made by cleantech companies. We saw an increased presence of companies from China in the Top 100 list – a trend that we at VantagePoint see as a critical sign of the times," commented Stephan Dolezalek, the CleanTech Group Leader at VantagePoint Venture Partners. VantagePoint, for the second year in a row, had more investee companies in the 100 than any other investor.

The full list of Global Cleantech 100 firms is available online, on the websites of the Cleantech Group www.cleantech.com/GlobalCleantech100.cfm.

For more information, please contact Patrik Löwnertz, VP Marketing & Sales, Chemrec
Phone +46 8 440 40 67 or patrik.lownertz@chemrec.se

About Chemrec

Chemrec AB is a Swedish company providing technology for black liquor gasification which integrated in pulp mills provides the opportunity to produce large quantities of renewable motor fuels or electricity from biomass. The technology has potential to globally provide motor fuels equivalent to over 45 billion litres/year of gasoline (12 billion gallons/year). Chemrec owners are VantagePoint Venture Partners, Volvo Technology Transfer, Environmental Technologies Fund and Nykomb Synergetics. For more information, see www.chemrec.se