August 24, 2010

VC investments are up in renewable chems

 Cleantech Group sent this report about venture capital investments in renewable chemicals sector reaching $361m in the first half of 2010, which could drive 2010 to a record-year if the second half will see the same pace. VC deals in renewable chemicals for 2008 reached a total of $425m.

The study's principal author Andrew Thomson noted that VCs are becoming more interested in renewable chemical companies as they continue to build up their understanding of the market and developed their networks in this space. At the same time, biofuel developers, who have already been exposed in the VC arena, are increasingly using their technology platforms to produce high-value chemicals.

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