San Diego-based Genomatica, a sustainable chemicals company, has reportedly raised an additional $45 million to bring its first green chemical to market with clean-tech investors that include VantagePoint Venture Partners, Bright Capital and Waste Management. Used to make products such as spandex, automotive plastics and running shoes, Bio-BDO is a “green version of 1,4-butanediol (BDO) made from renewable feedstocks rather than oil or natural gas,” according to Genomatica.
Genomatica’s Mark Burk told a news source that the company, which engineers E.coli to convert sugar into BDO, has a pilot facility in Michigan and plans to produce 10,000 liters of the green chemical in 2011. The company reportedly anticipates opening a commercial plant by late 2013. Genomatica Press Release, Reuters, March 1, 2011.