Levulinic acid start-ups combine | Chemical & Engineering News
Volume 94 Issue 9 | p. 17 | Concentrates
Issue Date: February 29, 2016

Levulinic acid start-ups combine

Department: Business
Keywords: biobased chemicals, levulinic, acquired, biobased

GFBiochemicals, an Italian start-up producing the biobased intermediate levulinic acid, has acquired Segetis, a U.S. firm that makes levulinic acid derivatives. The purchase, for an undisclosed sum, provides GF with access to the fledgling levulinic acid market in the U.S. plus Segetis’s portfolio of more than 250 patents. Segetis operates a plant in Minnesota. GF opened a plant in Italy last year.

 
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