Sweetwater Energy, the Rochester bio-tech company, has received $2.5 million from the New York State Energy Research and Development Authority.
The company makes industrial sugars from various types of plant material, such as corn stalks and waste wood products from lumber operations. The money will be used by Sweetwater in its plans to build five facilities in New York State.
Sweetwater CEO Arunas Chesonis says his company is involved in reshaping the bio-renewables industry in New York State.
Among the projects that Sweetwater is involved in , is supplying sugars to a company called Naturally Scientific, which is located at the Eastman Business Park. That company will be creating certain types of vegetable oils and other materials. Those oils are used in a variety of industrial applications.
This past Wednesday, Sweetwater announced a deal with a California based-ethanol company that could be worth $100 million over the 15 year contract.
