FiberX Products is an Indiana-based startup focused on producing innovative chemical products from agricultural biomass. The company's slogan, "Innovative chemical products from agricultural biomass," reflects its commitment to sustainability and non-petroleum-based feedstocks for the chemicals industry. FiberX's primary focus is on utilizing corn stover, an agricultural by-product from Indiana's corn fields, to produce bioindustrial resins and biocomposite plastics. To achieve this, the company has partnered with Purdue University's School of Chemical Engineering and employs patent-pending proprietary technology to extract and depolymerize lignin from corn stover. This lignin feedstock serves as the foundation for formaldehyde-free industrial resin with diverse applications. FiberX's first line of resin targets the pressed fiberboard industry, while the company also develops formulations of fiber-reinforced biocomposite plastics using their corn stover feedstock. Since its establishment in 2021, FiberX has secured a $25.00K grant investment from AgriNovus Indiana in December 2023. This strategic partnership with a local investor supports the company's vision for sustainable chemical products and underscores its potential for growth and impact in the industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $25.00K | 1 | AgriNovus Indiana | 06 Dec 2023 |
Grant | $10.00K | 1 | Venture Club of Indiana | 19 Jun 2023 |
No recent news or press coverage available for FiberX Products.