Renix Inc and ClonBio Group Ltd announce Strategic Investment
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.
