US biotech company Genomatica closed $118 million in Series C funding to accelerate the global commercialization and expansion of sustainable materials, with the potential to reduce greenhouse gas emissions by 100 million tons per year. Leading life science investor Novo Holdings led the round, with additional participation by existing and new investors including Viking Global Investors, Casdin Capital and others. Genomatica will use the investment to scale production for its portfolio of products and continue investing in new technologies to amplify the impact of sustainable materials across a range of industries.
“The bioeconomy is challenged by the fact that bio-products have to be anyway competitive vs traditional ones, but it can also open new opportunities if we set our minds not (only) to make copies of petroleum products but also to take completely new approaches to the material world”. To say it in this exclusive interview with Il Bioeconomista is Barbara Secchi, Senior expert Bio-materials and EU network at Bridgestone (the world’s largest tire and rubber company) Technical Center Europe based in Rome. With Mrs Secchi we talk about bioeconomy and the bio-based future of the tire’s industry, “possibly using biomass that is not competing with food (2nd generation biomass)”.
Interview by Mario Bonaccorso