GranBio acquires 100% equity in American Process Inc.

By GranBio | March 19, 2019

GranBio has completed the acquisition of 100 percent equity in American Process Inc. and affiliate companies including AVAPCO LLC and API Intellectual Properties Holdings. The acquired assets include the Alpena Biorefinery in Alpena, Michigan, the Thomaston Biorefinery and R&D center in Thomaston, Georgia, operations, research, and business development staff and an extensive intellectual property portfolio in the biorefinery, biofuels, biochemicals, and nanocellulose fields with over 200 granted and pending patents.

“Acquiring the GreenPower+, GreenBox+, and AVAP biorefinery technologies and the BioPlus Nanocellulose Technology and their associated world-class demonstration plants and exceptional operations and R&D staff is part of GranBio’s mission to become a global leader in the bioeconomy,” said GranBio President Bernardo Gradin. “As evidenced by the construction and operation of the first commercial scale cellulosic ethanol plant in Brazil, GranBio is deeply committed to launching innovative biotechnologies that build a better and more environmentally safe planet for the next generations.”