Novomer, an eco-friendly plastic maker, raises $6.6M
updated
Just as cars guzzle oil and spew out carbon dioxide, so does plastic manufacturing. Worse, landfills are overflowing with plastics that won’t degrade for hundreds of years, and harmful chemicals from some plastics threaten living organisms or eat away at the ozone layer.
Quite a few companies are working on, or already offer, plastics with safer properties. For example, some newer plastics are made from organic materials like sugar, biodegradable within weeks, or safe for animals… Continue Reading
Khosla invests $15M into eco-friendly chemistry company, Segetis
Segetis, a private company in Plymouth, Minn. that provides ways to build materials from low-cost renewable sources rather than fossil materials such as petroleum or gas, has raised $15 million in a first round of capital from Khosla Ventures.
It is just the latest in a spree of investments by well-known investor Vinod Khosla into alternative energy and environmentally friendly companies.
See the company’s announcement here.
A snippet:
The Series A funding will be used to further the development… Continue Reading