Forsaking funding at a $1 billion valuation, Solugen preps a new green chemical product and a big 2021
If Solugen can get its high-value chemical into commercial production, the company can follow the path that sustainable tech companies like Tesla have actually mastered– moving from a pricy specialized product into the mass market. As the world looks to move away from oil and its byproducts to reduce greenhouse gas emissions and slow down or reverse international climate modification, the chemicals market is in the crosshairs as a huge target for disturbance. The two co-founders, Hunt and Gaurab Chakrabarti, first understood they could possibly use the technology they ‘d established to make specialty chemicals back in 2017, according to Hunt.
If Solugen can get its high-value chemical into business production, the business can follow the course that sustainable tech companies like Tesla have actually mastered– moving from a pricy specialized product into the mass market. As the world looks to move away from oil and its by-products to decrease greenhouse gas emissions and slow down or reverse international environment modification, the chemicals industry is in the crosshairs as a substantial target for disruption. The two co-founders, Hunt and Gaurab Chakrabarti, initially recognized they could potentially use the technology they ‘d developed to make specialized chemicals back in 2017, according to Hunt. It’s all part of the significant strides the whole industry is making, stated Hunt. “You can begin in the fine chemicals area where everything offers for 10s to hundreds of dollars per pound.