Renewable chemicals: Startup receives financial injection

Biosimo is a chemical engineering startup that develops and operates processes for the production of biobased bulk chemicals. These chemicals are the basis of all synthetic products such as plastics, cosmetics and pharmaceuticals and are derived from fossil raw materials through energy-intensive and toxic processes. Biosimo has developed an innovative process using bioethanol to produce bioacetic acid and its derivatives. Biosimo will use the Venture Kick award of CHF 150,000 to start pilot production of bio-acetic acid and deliver the desired quantities to customers.

Renewable chemicals as an alternative to fossil raw materials

Biosimo's vision is to support global efforts to reduce carbon emissions by eliminating the need for fossil resources in our product supply chain. Biosimo's solution offers its customers in the chemical, pharmaceutical and materials industries a direct replacement for their fossil resources. Biosimo's bio-based chemicals can make everyday products such as textiles, adhesives, cosmetics and medicines more environmentally friendly without changing their properties and market prices. Biosimo's sustainability strategy and expected cost competitiveness will offer significant advantages over existing solutions. The global market for acetic acid is estimated at CHF 13 billion and growing at 6.2% annually.

Capital for the preparation of the pilot phase

In the coming year, Biosimo aims to demonstrate the scalability of the process and bring the first tons of bioacetic acid to market in 2023. In parallel, Biosimo's team is exploring the production of acetic acid derivatives such as ethyl acetate and cellulose acetate, both 100% bio-based chemicals. Venture Kick financial support will be used to prepare for the pilot phase and build the right team to design, build and operate the pilot phase. The pilot phase is the first upscaling that will reduce the risk to Biosimo's technology and provide enough product to secure initial revenue, customers and investment for commercial production.

Research work brought to market

The Biosimo team combines essential technical know-how with entrepreneurial acumen, according to Venture Kick's tribute. The co-founders are Dr. Sotiria Mostrou, chief executive office, and Dr. Maximilian Moser, chief technology officer. "Venture Kick has been a fantastic journey that has helped the company and founders move closer to our goals," said Dr. Mostrou. "We are grateful for the financial support that has accelerated our path to market." Dr. Moser adds, "For us, it was much more than just the financial support; Venture Kick provided structure, education, resources and connections. The program has really put us in the right direction and brought us closer to commercializing sustainable chemicals." Source and further information The post Renewable chemicals: Startup receives financial injection appeared first on Organizer.