Keclon, Rosario, Argentina-based biotechnology company developing novel enzymes for biodiesel production, has completed a seed round of financing of undisclosed amount.
Investors include Dr. Pablo Valenzuela, Pymar Fund LP, and Eduardo Ergas.
Founded in December 2011 by biotechnology experts Dr. Hugo Menzella, Leandro Vetcher, Dr. Salvador Peiru, and Sebastian Bernales, Keclon has developed a proprietary platform that uses genetic engineering and synthetic biology to generate new and improved enzymes that provide biodiesel by eliminating major impurities in an environmental-friendly way. The company is initially focusing on developing designer enzymes that eliminate key impurities in plant-based biodiesel, such as steryl glucosides and saturated monoacylglycerols.
Keclon has established a research and development cooperation agreement with CONICET (National Scientific and Technical Research Council) and the UNR.