At OPXBIO, we’re in the Good Chemistry business. We develop and produce bio-based chemicals and fuels that deliver more sustainable value to our customers. Good Chemistry is everything we do. It is how we use our leading EDGE™ biotechnology to bring new products to market faster. It’s our strategic partnerships. It’s our high-performing team. And it’s our inspiration to transform the business of chemistry to a more sustainable future.
OPXBIO will be the first company to sell BioAcrylic for direct replacement of petro-acrylic in the existing $10 billion global market with applications in diapers, detergents, paints, and adhesives. In 2011, OPXBIO reached agreement with The Dow Chemical Company to jointly develop the industrial-scale process for BioAcrylic.
OPXBIO has demonstrated lab scale production of its second product – fatty acid from syngas feedstock for chemical and fuel applications. A $6 million award from the US DOE ARPA-E agency supports this development.
OPXBIO was founded in 2007 and currently employs 65 people. The company completed its latest financing in 2011, raising $41 million from venture capital investors Mohr Davidow Ventures, US Renewables Group, Braemar Energy Ventures, Altira Group, DBL Investors, Wolfenson Capital Partners, and X/Seed Capital.