The biochemicals technology provider, which counts Total, BASF and Waste Management as past investors, has secured $31m, according to a securities filing.

Renmatix, a US-based biochemical technology provider backed by petroleum company Total, chemicals producer BASF and waste services provider Waste Management, has raised $31.2m in new funding, according to a regulatory filing.

Founded in 2007, Renmatix’s Plantrose technology converts biomass like wood waste and agricultural residue into cellulosic sugar for use as an alternative to petroleum in biochemicals and biofuels.

The round increased Renmatix’s overall funding to about $140m, and follows $11.2m in equity funding in March 2015 from Total, as…