MADISON, WI – Following its latest successful round of fundraising, Pyran Inc. recently announced that it has received an additional $500,000 grant from the National Science Foundation (NSF). The additional grant further demonstrates confidence in Pyran as it continues to transform its technology into meaningful commercial solutions for a number of industries, including paints, coatings and adhesives.
The company has started construction to enable toll production of its first product, 1,5-pentanediol (PDO), a novel five carbon renewable chemical, at RPD Technologies in Crosby, Texas, and is now expanding its toll campaign scheduled for this fall to include engineering design data as the company pursues full commercialization.