Based on C3Bio chemical catalysis discovery, Spero Energy was founded to provide an integrated technology for single-step biomass fractionation and lignin conversion to high-value chemicals. The process involves delignification of minimally treated wood with lignin conversion to two methoxypropylphenols using a bifunctional catalyts under mild thermal conditions. Presently manufactured from petroleum feedstock and toxic chemicals via a multi-step process, methoxypropylphenols are high-value fragrance and flavor compounds with an annual production volume of > 30MM lbs and market value of $450 MM. The co-product carbohydrate residue fraction is available as a feedstock for the production of cellulosic sugars and conversion to cellulosic ethanol fuels or other products. Spero Energy is assisted by the Purdue Office of Technology Commercialization.