About Solugen
Solugen is a carbon negative moleucle factory that replaces petroleum-based products with plant-derived substitutes.
Headquarters
Solugen, Houston
Founded
2016-01-01
Industry
Biopharma, Biotechnology, Chemical, GreenTech, Manufacturing
Last Funding Type
Debt Financing
Valuation
4
Total Funding
$855.77 million dollars
IPO Status
Private
Financial
Solugen has secured a conditional commitment for a $213.6 million loan guarantee from the U.S. Department of Energy to support its Bioforge Marshall facility. This new 500,000-square-foot plant in Minnesota will produce bio-based chemicals from corn sugar, replacing petroleum-derived products. Additionally, Solugen is partnering with Kurita America to develop carbon-negative products for industrial water treatment.
Funding Rounds
10
Number of Lead Investors
9
Total Funding Amount
$855.77 million dollars
Number of Investors
35