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As of September 18, 2024, Taurus Energy AB (publ) was acquired by Suntrade AB, in a reverse merger transaction. Suntrade Group AB (publ) undertakes a commercial development project involving ethanol production. The company offers method to produce ethanol from forestry and agricultural waste. Its primary product is XyloFerm, a prototrophic yeast strain for producing ethanol from C6 and xylose streams. Its method is protected by 13 internationally patented microbiological processes to produce ethanol using renewable raw materials, which include straw, stalks from maize and sunflowers, and waste materials from forestry operations. The company was formerly known as Taurus Energy AB (publ) and changed its name to Suntrade Group AB (publ) in October 2024. Suntrade Group AB (publ) was incorporated in 1990 and is based in Gothenburg, Sweden.
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