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Genomatica bags 2014 Bloomberg New Energy Pioneers Award
08
Apr '14
Genomatica has been named a winner of the 2014 Bloomberg New Energy Pioneers Award for developing process technologies to produce widely-used chemicals from alternative feedstocks rather than petroleum. Genomatica’s processes are designed to produce the exact same chemicals while delivering better economics and a smaller environmental footprint.
 
Every year, Bloomberg recognizes ten game-changing companies for innovation, momentum and potential global impact in industries including bioenergy, energy efficiency, digital energy, solar and water. Winners are judged by industry experts that are advised by Bloomberg New Energy Finance technology experts. 
 
According to Bloomberg, “Genomatica caught the judges' attention for its technology, innovative licensing strategy and the fact that it is already disrupting the market, with fast-growing revenues and impressive partnerships in place.”
 
Genomatica has the distinction of driving the first genuine commercialization of a biobased process for a major, high-volume intermediate chemical. Genomatica has gained support for its process technology through licenses to BASF and Novamont, and partnerships with many of the chemical industry’s largest firms. 
 
Companies including Lanxess, DSM, Toray, and Far Eastern New Century have proven successful production of their downstream products using Genomatica’s first commercialized process, GENO BDO.
 
Genomatica is also developing processes for additional major chemicals, with butadiene as its next target. To date, Genomatica has announced partnerships with Braskem and Versalis, with over $100 million in industry support for its butadiene development program. 
 
“Customers want more sustainable everyday products and the chemical industry is eager for technologies that make it easier to deliver those products,” said Christophe Schilling, Ph.D., CEO of Genomatica. “Biotechnology now offers a valuable option.
 
By licensing Genomatica’s process technologies to the mainstream chemical industry – with its strengths in capital, production, distribution and applications – we help accelerate the transition to more sustainable products.”
 
About Genomatica
Genomatica is a widely-recognized technology leader for the chemical industry. It develops manufacturing processes that enable its licensee partners to produce the world’s most widely-used chemicals a ‘better way,’ from alternative feedstocks, with better economics and greater sustainability than petroleum-based processes.

Genomatica


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