BUILDING THE BIO-BASED CHEMICAL ECONOMY: CIRCA LAUNCHES CIRCA RENEWABLE CHEMISTRY INSTITUTE
OSLO, NORWAY – 20 September 2022 – To advance and promote the development and commercialisation of renewable chemistry, sustainable biochemicals company Circa Group AS (stock symbol: CIRCA) has launched the Circa Renewable Chemistry Institute at the University of York’s Green Chemistry Centre of Excellence (GCCE) in the UK.
The Circa Renewable Chemistry Institute is a new industrial innovation hub, tasked with supporting customer and market applications for renewable chemicals, including Circa’s portfolio of bio-based products based on platform chemical levoglucosenone (LGO).
Circa’s strategy is to work with leading academic institutions to further the development of the renewable chemistry sector and demonstrate the vast potential of its novel advanced biochemicals. This ensures the continuation of important and fruitful research into applications for Cyrene™ and the development of other levoglucosenone (LGO)-based solvents.
Tony Duncan, CEO of Circa Group AS, said, “Being able to provide customers with knowledge and expertise on the use of Cyrene™ in real world applications and processes, along with the development of new products and solvents has always been important for Circa. And leveraging the knowledge on Cyrene™ built up at the GCCE in recent years makes a lot of sense. The Circa Renewable Chemistry Institute will be an important partner supporting the take-up of innovative products in the bio-based circular economy.”
Professor James Clark, Professor of Industrial and Applied Chemistry and Founder of the GCCE said “The Circa Renewable Chemistry Institute will carry out cutting edge research on commercially relevant platform molecules and their production to further the development of more sustainable chemicals and products. Of course, developing great products like Cyrene™ is just the beginning – the transition to renewable chemistry requires an open collaborative environment where peers can problem solve and break through barriers together. There are commercial and reputational rewards for the early adopters, and we invite them to be part of this important work.”
Established in 2006, Circa Group converts sustainable, non-food biomass into advanced bio-based chemicals with its proprietary Furacell™ process. By creating renewable chemicals from cellulose, Circa is extracting value from forest biomass and addressing a gap in the market by providing bio-based alternatives contributing to a more circular economy. In March 2021, Circa Group successfully listed on the Euronext Growth Market in Oslo, stock symbol CIRCA.
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Circa Group AS
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Circa Group AS
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