Pyran, Inc. Receives Additional $500K National Science Foundation Grant

Madison, Wisconsin, USA (Sept. 30, 2021) – Following its latest successful round of fundraising, Pyran, Inc., a high-growth company that creates high-performing 5-carbon products made from renewable resources, today announced that it has received an additional $500,000 grant from the National Science Foundation. 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. “We remain squarely focused on our commercialization activities and revenue growth so that Pyran can continue meeting increasing customer demand for our high-performance, cost-efficient products made from renewable feedstocks using an environmentally friendly manufacturing process,” said Mel Luetkens, who was recently named Pyran CEO. “This additional grant supports our commitment to deliver commercial value and enhances our ability to expand the company’s product and technology portfolio.”

Kevin Barnett, Pyran co-founder and current business director and chief technology officer, will be presenting at the ACS Converge virtual conference on Oct. 5 with an update on the company’s growth and scale along with how the company was able to identify a technically and economically advantaged pathway to produce biomass-derived 5-carbon molecules, including 1,5-pentanediol.