Green chem funding abounds

Investors seem to be more than happy this year to fund renewable-based chemical technologies and projects. For the first six months, there had been a lot of financing rounds closure, grants from various government and state agencies as well as funding from chemical/petrochemical/oil firms.

By the way I wrote an article on ICIS Chemical Business last January (for subscribers only) on overview of green chem investment funding in 2010 and investment outlook for 2011. So far, there had been quite a lot of investment activities this year (see list below):

  • Agilyx bags investment from Waste Management.
  • Avantium raises EUR 30m to advance furanics building blocks development
  • BioAmber Closes $45 Million Series B to Fund Succinic and Adipic Platforms
  • Blue Marble Biomaterials raised $1.3m in an A-1 convertible note financing filed with the SEC (US Security Exchange Commission)
  • Cereplast Announces $12,500,000 Private Placement
  • Gevo bags another $17m from Lanxess
  • Metabolix Oilseeds has been awarded $203,000 in research funding by the Saskatchewan Ministry of Agriculture through its Agriculture Development Fund (ADF).
  • Solix secures additional financing

AND INITIAL PUBLIC OFFERINGS from Solazyme, Gevo, Global Bioenergies — in French press release ;-) , and soon Myriant. Will Genomatica be the next one to file for IPO? (another ;-) here…). Stay tune!

addthis_pub = ‘greenchicgeek’;

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