Short description
P2 Science develops a bio-refining process for the conversion of biomass such as vegetable oils into high-value specialty chemicals.
Description
P2 Science a venture-backed, renewable specialty chemicals company, co-founded by Yale scientists, a chemical industry CEO and Elm Street Ventures, an early-stage venture fund.
P2 Science has developed a unique process technology for converting renewable feedstocks—including vegetable oils—into high-value, specialty chemicals. These include flavor, fragrance and cosmetics ingredients. Many of their products are today available only from petrochemical sources. Among the first products to be produced by P2 are vegetable-derived, cost-effective versions of current petrochemical fragrance ingredients. Major users and formulators of specialty chemicals have a strong interest in substituting renewable for petrochemical ingredients.
Patrick Foley, a Yale graduate of the PhD program in Environmental Engineering, is P2′s Chief Scientific Officer. Neil Burns, an executive with 20+ years experience in the specialty chemical industry, is the company’s CEO.
P2 has a laboratory in New Haven, CT to support this technology’s development and commercialization, as well as partnerships with major companies at a number of points along the supply chain.
Last funding
Noway Youcantaccess
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Total funding
$$43214321
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Location
Woodbridge, Connecticut, United States, North America
Founded on
January 1, 2009
Non-profit?
No
Acquired?
No
Employees count
1-10
Revenue range
$7890 - 12340
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Investors
Noway Youcantaccess, Cannot Access, Nopepepe, Nopepepe, Noaccess, Nopepepe, Absolutely Noaccess, Noaccess, Noaccessforu, Uh Ohhhh, Noaccessforu, Noaccessforu, Noaccess
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Founders
Neil Burns, Patrick Foley