HCL CleanTech has received $100 million worth of tax incentives from Mississippi to develop commercial-scale facilities that would convert plant lignin into renewable sugars that can be used to make biofuels and other bio-based products. The company is also planning to develop a demonstration-scale facility in Grenada, Miss., "to make sure the economy of scale works for us and not against us," said Eran Baniel, vice president of business development for HCL CleanTech.

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