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Evonik invests in biobased lubricant maker Biosynthetic Technologies

Besides Evonik, BP Ventures and Monsanto are the other companies who are funding Biosynthetic Technologies

BS B2B Bureau  |  Irvine, California 

BT's biobased oils help keep engines clean and fuel consumption low

has closed on an equity investment in (BT), a specialist in biobased lubricants headquartered in Irvine (California, USA). The investment is a part of Evonik’s plans to invest a total of Euro 100 million in highly promising start-ups with break-through technologies and leading specialist venture capital funds.
 
has developed and manufactures a new class of bio-based called that are used primarily in the passenger car motor oil and industrial sectors. Field trials have shown that the technical characteristics of the biobased made by are exceptionally good, and include the ability to combat soot buildup in engines, which helps keep fuel consumption low. In addition to Evonik, Ventures also participated as a second strategic investor in this current funding round that focuses on growth. Ventures as well as Company have already invested in previous financing rounds.

 
leads the way to high-quality sustainable lubricants. In view of the large automotive market and the strong trend towards fuel-economy and sustainability, this is a growing market with a strong fit to Evonik´s oil additives business,” said Dr Bernhard Mohr, head of Venture Capital.
 
Allen Barbieri, CEO of Biosynthetic Technologies, added, “We are excited to have join us as a strategic investor. In addition to its capital investment, brings world class manufacturing, R&D and sales & marketing expertise that will expedite our commercialisation process.”
 
is a leader in the development of technologies for the production of additives. Its high-performance additives increase both productivity and fuel efficiency. Regional technology centres, modern global manufacturing centres, and a secure and reliable supply chain worldwide enable Evonik’s continuous development of customized solutions for customers anywhere in the world.
 
Biosynthetic Technologies’ new class of bio-based are made from organic fatty acids found in plant oils and have numerous uses in the lubricant, chemical, and cosmetics industries. They are biodegradable, nontoxic and they do not bioaccumulate in marine life. holds a broad patent portfolio to protect these novel biosynthetic oils that are marketed under the trade name Biosynthetic Oils.

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Evonik invests in biobased lubricant maker Biosynthetic Technologies

Besides Evonik, BP Ventures and Monsanto are the other companies who are funding Biosynthetic Technologies

Besides Evonik, BP Ventures and Monsanto are the other companies who are funding Biosynthetic Technologies has closed on an equity investment in (BT), a specialist in biobased lubricants headquartered in Irvine (California, USA). The investment is a part of Evonik’s plans to invest a total of Euro 100 million in highly promising start-ups with break-through technologies and leading specialist venture capital funds.
 
has developed and manufactures a new class of bio-based called that are used primarily in the passenger car motor oil and industrial sectors. Field trials have shown that the technical characteristics of the biobased made by are exceptionally good, and include the ability to combat soot buildup in engines, which helps keep fuel consumption low. In addition to Evonik, Ventures also participated as a second strategic investor in this current funding round that focuses on growth. Ventures as well as Company have already invested in previous financing rounds.
 
leads the way to high-quality sustainable lubricants. In view of the large automotive market and the strong trend towards fuel-economy and sustainability, this is a growing market with a strong fit to Evonik´s oil additives business,” said Dr Bernhard Mohr, head of Venture Capital.
 
Allen Barbieri, CEO of Biosynthetic Technologies, added, “We are excited to have join us as a strategic investor. In addition to its capital investment, brings world class manufacturing, R&D and sales & marketing expertise that will expedite our commercialisation process.”
 
is a leader in the development of technologies for the production of additives. Its high-performance additives increase both productivity and fuel efficiency. Regional technology centres, modern global manufacturing centres, and a secure and reliable supply chain worldwide enable Evonik’s continuous development of customized solutions for customers anywhere in the world.
 
Biosynthetic Technologies’ new class of bio-based are made from organic fatty acids found in plant oils and have numerous uses in the lubricant, chemical, and cosmetics industries. They are biodegradable, nontoxic and they do not bioaccumulate in marine life. holds a broad patent portfolio to protect these novel biosynthetic oils that are marketed under the trade name Biosynthetic Oils.
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Business Standard
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Evonik invests in biobased lubricant maker Biosynthetic Technologies

Besides Evonik, BP Ventures and Monsanto are the other companies who are funding Biosynthetic Technologies

has closed on an equity investment in (BT), a specialist in biobased lubricants headquartered in Irvine (California, USA). The investment is a part of Evonik’s plans to invest a total of Euro 100 million in highly promising start-ups with break-through technologies and leading specialist venture capital funds.
 
has developed and manufactures a new class of bio-based called that are used primarily in the passenger car motor oil and industrial sectors. Field trials have shown that the technical characteristics of the biobased made by are exceptionally good, and include the ability to combat soot buildup in engines, which helps keep fuel consumption low. In addition to Evonik, Ventures also participated as a second strategic investor in this current funding round that focuses on growth. Ventures as well as Company have already invested in previous financing rounds.
 
leads the way to high-quality sustainable lubricants. In view of the large automotive market and the strong trend towards fuel-economy and sustainability, this is a growing market with a strong fit to Evonik´s oil additives business,” said Dr Bernhard Mohr, head of Venture Capital.
 
Allen Barbieri, CEO of Biosynthetic Technologies, added, “We are excited to have join us as a strategic investor. In addition to its capital investment, brings world class manufacturing, R&D and sales & marketing expertise that will expedite our commercialisation process.”
 
is a leader in the development of technologies for the production of additives. Its high-performance additives increase both productivity and fuel efficiency. Regional technology centres, modern global manufacturing centres, and a secure and reliable supply chain worldwide enable Evonik’s continuous development of customized solutions for customers anywhere in the world.
 
Biosynthetic Technologies’ new class of bio-based are made from organic fatty acids found in plant oils and have numerous uses in the lubricant, chemical, and cosmetics industries. They are biodegradable, nontoxic and they do not bioaccumulate in marine life. holds a broad patent portfolio to protect these novel biosynthetic oils that are marketed under the trade name Biosynthetic Oils.

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