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Genomatica looks to raise $100 million with a process for converting sugars, rather than oil, into chemicals used in everyday products.
Investor Steve Jurvetson is bullish on green innovation because entrepreneurs can tap into the rapid advances in genetic engineering and IT.
Genomatica says it has made butadiene, used in production of products such as tires and latex, from renewable sources rather than fossil fuels.
Making industrial chemicals from plants is easier to crack into than the cut-rate world of transportation fuels for young green-tech companies seeking a commercial foothold.
Genomatica partners with Waste Management to develop chemical products from syngas, the companies announce last week.
A start-up that's part of a green chemistry wave has a micro-organism specially designed to make chemicals from sugar, rather than petroleum.
Biotech company Genomatica raises $15 million in venture funding to test the process of making industrial chemicals from sugar water.
Start-up Genomatica says it has a way to turn sugar into a pure version of the industrial chemical BDO at a lower cost than petroleum processes.
Start-up ZeaChem raises $34 million to build a cellulosic ethanol plant that uses the microbes in termites' guts, rather than genetically designed specialty bugs.