August 28, 2012
Auterra - Malta, NY
Auterra, a nanotechnology company in Malta, has raised nearly $20 million in venture funding. This funding, along with strong industrial partnerships, has allowed Auterra to develop its proprietary chemical and process technology that significantly reduces the energy consumed by the oil industry, and consequently reduces CO2 emissions. The company, which specializes in catalyst and process technology for energy efficient upgrading of heavy, sour crude oil and oil distillates, has received close to $1 million in funding from NYSERDA in its earlier stages of development. New York State consumes nearly one million barrels of fuel every day, all imported from other states.
For more information, read The Business Review's article, "Auterra’s Malta lab to expand."
Information on NYSERDA's Research and Development Projects with this company: Auterra Inc.
10 Hermes Rd.
Malta, NY 12020
Last Updated: 06/26/2013