Sweetwater Energy – Sweetwater Energy Closes $10 Million Bridge Loan, Begins Ramp-Up to Commercial Facility Construction
Sweetwater Energy, Inc., a Rochester NY-based renewable biochemical producer, announced today it has closed on a $10 million bridge loan. The loan closed as Sweetwater readies to open its Series B investor round later this quarter to begin construction of its first commercial facility.
“We’re very pleased to have closed this loan, which secures Sweetwater’s operations as we begin building our full-scale commercial biomass-to-biochemical conversion facility,” says Arunas Chesonis, Chairman and Chief Executive Officer of Sweetwater Energy. “We have the best pretreatment technology in the industry right now, and we’re very excited to now ramp it up and become a player in the biochemical space.”