Bolingbrook, Illinois, June 7, 2021 /PRNewswire-PRWeb/ -- Mycocycle, Inc., a leader in using mycoremediation to process toxins out of waste, announced today that it has become a member of The REMADE Institute, a public-private partnership established by the United States Department of Energy.
"It was important for Mycocycle to become a member of The REMADE Institute because our core values are aligned," explained Mycocycle CEO and Founder Joanne Rodriguez. "As we continue to imagine a world without waste, the development of platforms that explore new uses for our waste streams is vital. Through the collaboration of industry, academia, and national labs we know we will get further faster."
Mycocycle has already joined forces with some of the REMADE members to tackle new opportunities around waste streams within the healthcare system. "We are excited about opportunities to work with all of the thought leaders represented through REMADE Institute focused on driving systemic changes in industrial processes which will result in lowering our carbon emissions now and in the future," concluded Rodriguez.
Mycocycle, Inc. was founded in October 2018. It is a woman-owned, early stage cleantech company using mycoremediation to process toxins out of waste. Mycocycle was recognized as a Finalist in Fast Company's 2020 and 2021 World Changing Ideas Awards issue, a presenter for NREL's 2020 Industry Growth Forum, a 2020 Innovation selection in the EPA's Innovation and America Recycle's Fair, and the winner of the Cleantech Open National 2020 Resiliency Challenge. Mycocycle has been named a 2021 Illinois Qualified New Business Venture under the Angel Investment Tax Credit Program. This program provides Illinois-based investors a state tax credit of 25 percent of their investment up to $2 million.
For more information visit http://www.mycocycle.com.
Founded in 2017, REMADE is a Manufacturing USA™ Institute and public-private partnership established by the U.S. Department of Energy. REMADE is the only national institute focused entirely on the development of innovative technologies to accelerate the U.S.'s transition to a Circular Economy. In partnership with industry, academia, and national laboratories, REMADE enables early-stage applied research and development that will create jobs, dramatically reduce embodied energy and greenhouse gas emissions, and increase the supply and use of recycled materials. The cumulative, five-year embodied energy savings, greenhouse gas reduction and increase in recycled materials use expected to result from REMADE's investment is approximately 1 Quad of energy, about 50 million metric tons of CO2equivalent greenhouse gas reduction, and more than a 40 million metric tons per year increase in the supply and use of recycled materials, respectively. For additional information about REMADE, visit http://www.remadeinstitute.org.
Karen Edwards, Mycocycle, 7173180569, [email protected]