{"id":41116,"date":"2017-03-09T07:32:47","date_gmt":"2017-03-09T06:32:47","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=41116"},"modified":"2017-03-07T12:35:26","modified_gmt":"2017-03-07T11:35:26","slug":"renewable-chemistry-company-p2-science-attracts-basf-as-new-investor","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/renewable-chemistry-company-p2-science-attracts-basf-as-new-investor\/","title":{"rendered":"Renewable chemistry company P2 Science attracts BASF as new investor"},"content":{"rendered":"<p><strong>P2 Science Inc., a venture-backed, biorenewable chemistry company, recently announced the close of a $9.55 million Series B financing round. The investment was co-led by Xeraya Capital and BASF Venture Capital.<\/strong><\/p>\n<p>Joining existing investors Elm Street Ventures, Connecticut Innovations and Ironwood Capital Connecticut, BASF Venture Capital is participating with $2.5 million in a $9.55 million financing round in the U.S. renewable chemistry firm P2 Science. Headquartered in Woodbridge, Connecticut, P2 Science is a specialty chemicals company with a unique flow chemistry process that converts renewable feedstocks to high-value products and intermediates. P2\u2019s technology, called ozonolysis, provides improved value, efficiency, and safety.<\/p>\n<p>\u201cP2 Science\u2019s technology allows for elegant synthetic pathways to some of the most complex chemical specialties,\u201d said Markus Solibieda, Managing Director at BASF Venture Capital. \u201cIn addition, the company is able to efficiently develop novel high-value products for various markets.\u201d<\/p>\n<p>\u201cThis financing through BASF Venture Capital allows us to expand our operations and increase our output,\u201d said Neil Burns, CEO of P2 Science. \u201cWith our first commercial plant, we will be able to produce high value chemicals which we have developed independently or in collaboration with leading industry partners. In the future, we plan to increase our presence in the polymers, lubricants and surfactants markets with larger scale capacity.\u201d<\/p>\n<p>The company\u2019s first plant will be built in the New Haven, CT area. The company is focusing on the processing of simple renewable feedstocks including vegetable oils, terpenes from the forestry industry, and low-cost olefins to produce high value chemistry products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P2 Science Inc., a venture-backed, biorenewable chemistry company, recently announced the close of a $9.55 million Series B financing round. The investment was co-led by Xeraya Capital and BASF Venture Capital. Joining existing investors Elm Street Ventures, Connecticut Innovations and Ironwood Capital Connecticut, BASF Venture Capital is participating with $2.5 million in a $9.55 million [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[6843],"supplier":[7734,5149],"class_list":["post-41116","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biochemicals","supplier-basf-venture-capital","supplier-p2-science"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/41116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=41116"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/41116\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=41116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=41116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=41116"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=41116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}