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Business
Chemical Start-ups Raise Venture Funds
by Alexander H. Tullo
December 16, 2013
| A version of this story appeared in
Volume 91, Issue 50
Two start-up companies seeking to make chemicals from unconventional feedstocks have won venture capital funding. Novomer has received $15 million in an investment round led by Saudi Aramco Energy Ventures. The Waltham, Mass.-based start-up is commercializing routes to chemicals such as acrylic acid from carbon monoxide and carbon dioxide. And Calysta has raised $3 million in a financing round led by Pangaea Ventures. The California firm is developing biological methods of converting methane to chemicals and fuels.
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