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Stock impact report

36. Solugen [CNBC]

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB) 
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: lyondellbasell.com/en/investors
Company Research Source: CNBC
Valuation: $2.2 billion Key technologies: Machine learning Industry: Biotech Previous appearances on Disruptor 50 List: Over the past century, major chemicals companies like BASF, Dow and LyondellBasell have maximized a global manufacturing process that is derived from fossil fuels. Solugen is on a mission to decarbonize that business model, with a new manufacturing platform that uses engineered enzymes and metal catalysts to convert feedstocks like sugar into chemicals that have historically been made from fossil fuels, including petroleum and natural gas, as well as phosphates, all of which contribute to air, soil and water pollution. Sparked by a chance medical school poker game conversation in 2016, Solugen evolved from prototype to physical asset in five years, and production hit commercial scale shortly thereafter. It first came onto the radar of many in the market after a September 2021 venture round that raised $357 million, led by Singapore's sovereign wealth fund GIC, Show less Read more
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