Genomatica might be a cleantech company that you’ve never heard of. Far from the glamorous world of solar, wind, or electric vehicles, Genomatica specializes in developing and commercializing bio-based processes for intermediate and basic chemicals. What does that mean? Chemicals that would normally be produced by a conventional petroleum-based process can now be done using renewable feedstocks such as conventional sugars, sugars from cellulosic biomass, or syngas. That means better economics and a lower environmental footprint.
In recognition for its innovation, the company was recently named a winner of the 2014 Bloomberg New Energy Pioneers Award. 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 CEO, Christophe Schilling, Ph.D., noted that “Customers want more sustainable everyday products and the chemical industry is eager for technologies that make it easier to deliver those products.” The company has raised $125 million in financing from Alloy Ventures, Bright Capital, Draper Fisher Jurvetson, Mitsubishi Chemical, Mohr Davidow Ventures, TPG Biotech, VantagePoint Capital Partners, Versalis and Waste Management.