Setién, an international commodities trading company headquartered in New York City with operations in Mexico, Chile, China, UA, Brazil, Venezuela and India, has patented a process for the production of liquid sugar that generates 30-40% savings on production costs compared to the traditional process for obtaining liquid sugar. The commodities company has listed its equity crowdfunding campaign on DarcMatter, seeking to raise $5,000,000.
Setién has developed a liquid sugar process that generates significant savings as compared the traditional product. The benefits of liquid sugar include its replacement of diluted sugar, a higher process efficiency, optimized manpower, cuts in power input and industrial waste output. The process may be implemented for sugar cane, beets, and other fructose-rich vegetables and fruits allowing producers to recover the market share lost to corn fructose, indicated Setién. Its considerable commercial value is protected by a patent in the United States and other world markets where sugar production and consumption warrant its implementation.
Please view the adjacent pie chart for funding allocation details. Setién also plans to license the patent to sugar mills or food companies against a royalty of 25% over the annual savings generated by the licensee of the process. Setién has protected this invention in 78 countries covering all continents and the largest sugar producing and importing countries.
The current market: world sugar production in 2013 was 180 million metric tons, 40% of which is estimated to be transformed into liquid sugar. At today’s raw sugar market price, the market for liquid sugar is worth $25bn year, according to the company.
Setting itself apart from peers, Setién will license the invention in exchange for royalties that will be calculated at 25% of the savings the process generates in any given sugar mill instead of building its own liquid sugar plants. Large sugar companies, global food companies, and sugar mills are end targets. In terms of traction, Setién has started its first licensing agreement with the Mexican sugar mill San Jose de Abajo, which appointed Setién to engineer the building of a plant to produce 300 metric tons per day of liquid sugar.
The Setién team is lead by Enrique Cardenas, PhD in Organic Chemistry and Chemical Engineer in Industrial Processes, Inventor, Angel Garcia, a Chemistry-Industry Engineer with 36 Years of Experience Working at Sugar Mills, Mario Rojas, a Mechanical-Electrical Engineer, 34 Years of Experience Working at Sugar Mills and lastly, Luis Angel Garza, PhD in Inorganic Chemistry and an Environmental Chemistry Engineer.
For more details on the campaign, registered DarcMatter investors may click here.
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