It seems that ex-Cargill folks are expanding left and right within the green chemistry field as newbie company Segetis just announced today the full-startup of its operations in Minneapolis. I’ve mentioned before that Segetis’ CEO Jim Stoppert previously headed Cargill’s Industrial Bioproducts unit.
Segetis’ facility will produce up to 250,000 pounds per year of renewable based- chemicals and chemical building blocks like levulinic acid and glycerol for products such as polyols and plasticizers.
This announcement coincidentally (is it??) follows last week’s news about Elevance’s official opening of its Bolingbrook, IL, facility. I am actually working on an article about that and their green chemistry roundtable event from last week. Watch out for it in the next few days and hopefully within a nice-looking green blog layout.
Did I mention that several Elevance employees are from Cargill’s Industrial Bioproducts unit as well? Elevance evolved last year from a collaboration between Cargill and technology firm Materia with the financial backing of investment firm TPG.