Industrial Sugar Manufacturer to Locate Its Headquarters in Philadelphia & Create 150 Jobs
The company uses a novel, proprietary process to produce sugars that can replace petroleum products in fuels, chemicals and materials. It currently operates a demonstration facility in Georgia.
"Renmatix turns the byproducts most lumber yards throw away into a sugar-based stock that can be used in dozens of ways," explained Corbett. "In the years to come, their product will save on oil and use green technology to make products and power our cars--all while cutting pollution."
CEO Mike Hamilton said the "incredible technical talent in the region" and "attractive economic climate" all combined to make Pennsylvania the perfect partner for Renmatix.
Tom Morr, president and CEO of Select Greater Philadelphia, added that the company's decision to locate its in Greater Philadelphia "will help put the region at the head of the renewable materials movement."
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