Solugen

Solugen

Produces sustainable molecules using enzymes

About

Solugen produces essential molecules using enzymes, which speed up chemical reactions, through its Bioforge technology, a carbon-negative manufacturing platform. This process creates valuable products from inexpensive feedstocks like corn syrup while minimizing waste and emissions. Solugen serves various industries, including medicine and personal care, by providing sustainable and non-toxic ingredients. The company's goal is to lead in green chemistry by offering eco-friendly solutions to meet the increasing demand for safe chemical products.

Company Stage

Debt Financing

Employees

51-200

Industries

Energy, Biotechnology

Total Funding

$648.9M

Headquarters

Houston, Texas

Founded

2016


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Simplify's Take

What believers are saying

  • Solugen received a $213M DOE loan for a new biochemical facility.
  • Collaboration with Kurita America to develop carbon-negative water treatment products.
  • Bioforge Marshall facility will significantly increase Solugen's production capacity.

What critics are saying

  • Increased competition from companies like Pilot Chemical Company.
  • Dependence on partnerships, such as with Kurita America, poses collaboration risks.
  • Financial risk from the $213M DOE loan if the facility underperforms.

What makes Solugen unique

  • Solugen's Bioforge is the first carbon-negative molecular manufacturing platform.
  • The company uses enzymes to produce chemicals with no air or wastewater emissions.
  • Solugen combines fermentation and petrochemical processing for cost-effective, sustainable production.

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Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-4%

2 year growth

2%

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