More Venture Capital for green chems

Renewable chemical companies seem to be getting better in raising money from venture firms these days.

An article from Reuters cited the recent news (which I also posted in my news roundup) about biosuccinic acid producer DNP Green Technology raising $12m from venture firms Sofinnova Partners, Mitsui & Co., Venture Partners, Samsung Ventures Investment Corp., Clifton Group, and AquaRIMCO. All are new investors except for AquaRIMCO.

Reuters also noted other examples such as bioplastic developer Novomer when it raised $14m in August; Draths Corp. with $21.7m in spring; Segetis with a $15m start-up investment from Khosla Ventures in 2007; and recently Rennovia, where I posted in September about their $6m seed funding from 5AM Ventures and Versant Ventures.

Other company activities not mention were OPX Biotechnologies which raised $17.5m in April led by Braemar Energy Ventures; Zeachem, which raised $34m in January; Amyris Biotechnologies, which reportedly raised $41.75 million recently from new investors GrupoCornelioBrennand of Brazil and Naxos UK; and it is also noteworthy to mention the formation of Elevance last year with a $40m funding led by TPG Growth and TPG Biotechnology Partners.

There are of course several biofuel/renewable chemical players that are getting funds from traditional oil and chemical firms. These include Gevo that received X amounts of dollars (or Euro?) last April from French oil company Total; Shell increased its equity stake in Codexis last March; and ExxonMobil investing in Synthetic Genomics last July for more than $300m.

I’m sure there are many more out there that I haven’t covered. Let me know! One more thing to mention (that probably already mentioned before) is that there seems to be a lot more interests from venture capital firms to look into green chemistry other than biofuels or other clean techs. I also recalled an email last summer from a venture capital firm interested in knowing more about who’s who in this area.

That is why I formed my Green Chemical company list, which I hope will continue to grow.

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One Response to More Venture Capital for green chems

  1. Hirotomo Nii 18 March, 2010 at 3:50 pm #

    Ecology & Urbanization

    Dear Potential Investor,

    An urban development with Ecological contributions that responds to the issue of humans occupying too much land, by output, realizes construction with smaller members that are transportable and are suited for disaster relief efforts is a new innovative construct that reduces natural land occupancy by 70%. The marketing potential is in the quantity of structured land; which is an extensive amount along-with hillside properties as aspectual availabilities.

    Terraced Structured Land (TSL) is an Open Space Frame that affords Integration to house Modular Systems, Rainwater Harvesting, Wind Power, and Solar Paneling without a lot-by-lot linkage but rather with a universal connection. For Solar Panel, TSL provides framework for installation of solar panels on each tier along its clear bay length of 104’ and height of 9.5” (114”). One side of a tier holds 130 – 21”x48” panels having a total area of 131,040 sq.in.

    For Wind Power, 6 feet height spaceframe allows 5 feet diameter turbine within the center of each pyramid shaped module. There are 13 – 8’ based pyramid in a bay of TSL. In each tiered platform, at least 39 turbines are placed. For 165 feet (50.23 meters) tall, 5 tiered TSL, a bay has a minimum of 390 turbines.

    For Rainwater Harvesting, The average daily amount of water used including watering gardens by a family is about 250 gallons. Chart 2 shows the number of days served by inch of harvested rainfall on each 56’ x 33’ (1,848 sf) open area of a TSL lot.

    Chart 2
    Gallons, Liters of Water from Each Wide Lot

    Tires 5
    Lots/Bay 20
    Gal@1”RF 2,966.3
    Liter@1”RF 11,227.4 sss
    Days@250 Gal/Day 11.90
    Average Residential Water Usage = 250 Gal./Day

    TSL’s proprietary Joints allows for significant engineering in assembly and many aspects of TSL can be constructed with less-well trained personnel. For information, please visit our website at http://www.unsprawl.net. Its greening contribution returns nature back to itself.

    We are currently seeking funding to make speculative interests in Real Estate and Green sectors; the use of TSL can be broad ranged: i.e. Agricultural, Urban Cores, and Industrial usages to name a few. Please contact us at your convenience if you have any questions we might be able to answer. I thank you for your review and consideration.

    Sincerely,

    Hirotomo Nii
    Nii Architects, Inc.
    T (510) 533-7270 F (510) 533-4214
    kpnii@netscape.net (ask for Paul Nii, Architect)

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