Lux: VCs invest $5.8B in bio-based chemicals, as focus shifts to disruptive synthetic biology
Green Car Congress
DECEMBER 22, 2016
billion into bio-based materials and chemicals (BBMC) startups since 2010, reflecting the drive for sustainability, performance, and alternatives to petroleum feedstocks. Low oil hits drop-ins, substitutes. About 80% of VC investment in 2016 was on improved products, as opposed to only 46% from 2010 to 2015.
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