June 19, 2011

Green chem funding abound

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
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