Solugen
What they do
Houston-based Solugen’s innovative platform harnesses AI-designed enzymes (biological catalysts that bring about specific chemical reactions) and precious metal catalysts to convert bio-based feedstock (like sugar) into high-yield, low-carbon chemicals. With this proprietary process, Solugen reimagines chemical manufacturing by bypassing the limitations of traditional, petroleum-based methods. The result is safer, more cost-effective and more environmentally friendly chemical products.
The company’s modular, lower-capex plants (Bioforges) drive efficiency, reduce emissions and mitigate supply chain risks while serving critical (and very large) industrial markets. Solugen has several products in the market that address customer needs in a range of sectors (such as energy, defense, water treatment, agriculture and construction) and has a broad pipeline of additional molecules in development.
Why Kinnevik is invested
Kinnevik is attracted to Solugen’s vision and robust (and patented) technology in decarbonizing the chemicals industry. Additionally, we believe the founders are very well placed to execute on this through their deep expertise in science and engineering as well as their commercial nous. Solugen’s approach not only offers a safer and more affordable alternative but also positions it to meaningfully reduce global CO2 emissions and capture a significant share of its vast addressable market.
Key information
- Manufacturer of innovative chemical solutions that are safer, more cost-effective, and have a lower carbon footprint
- On a mission to decarbonize the USD 6tn chemicals industry, which accounts for 6% of global CO2 emissions
- Leverages AI-designed enzymes, precious metal catalysts and bio-based feedstocks to revolutionize chemical production
News in the quarter
- Appointed James Begeal as new President of Energy and Water, bringing over 25 years of experience in the chemical industry, and welcomed as new VP, Strategy & International Business, Carlos Diaz, who brings over 20 years of experience in the oil and gas industry
- Joined the New American Industrial Alliance, a coalition of entrepreneurs, investors and policymakers committed to reindustrializing America
