Industry Problem
With carbon emissions on the rise, it’s become a global priority to reduce our reliance on petrochemicals. Couple that with a growing demand from consumers to know that the products in, on, and around them come from sources they trust.
Use Case
Bio-based chemicals can displace their petrochemical counterparts in much of our everyday life, from personal care and cosmetics to household cleaners.
Market Insights
45%
To meet the goals of the Paris Agreement, global carbon dioxide emissions need to be reduced by 45% by 2030 from 2010 levels, and reach net-zero emissions by 2050.
source: United Nations
9%
The majority of organic chemicals and polymers are still derived from fossil-based feedstocks, predominantly oil and gas. Non-energy applications account for around 9% of all fossil fuel (oil, gas, coal) use.
source: IEA Bioenergy Task 42, Bio-Based Chemicals, 2020
30%
Based on a recent consumer survey, a significant share of consumers report an increased willingness to pay a premium for sustainable versions of products, including price premiums of up to 30% for beauty and personal care and closer to 40% for packaged and fresh food and beverage items.
source: LEK, Sustainability Survey Q32, Q33, Dec 2021
Relevant Acids
We produce a range of bio-based organic acids and these benefit the specialty chemicals market.
Why BioVeritas
TM
Better for consumers. Better for manufacturers. Better for the planet.
At BioVeritas, we strive to make more than just incremental improvements to what already exists. We seek not to improve the status quo, but to displace it with more sustainable solutions. Our BioVeritas Process™ represents a true functional drop-in replacement for existing technology. Our team puts people – from customers to investors to fellow employees – first, always. With this at our core, we are quickly moving forward to make clean ingredients and bio-based chemicals mainstream by eliminating the tradeoffs inherent in the clean products available today.
By turning feedstocks of little to no value into products of high value, we’re not just changing the game – we’re changing the world.
Mother Nature Inspired
Our process is based on fermentation as originally designed by Mother Nature -- but at commercial scale.
Truly Sustainable
Our process uses low-value, excess biomass as a raw material to produce high-value outputs.
No Trade-Offs
Our process creates products that help to sustain our planet, without compromising quality or efficacy.
US Manufacturing Leader
Our novel manufacturing will launch in the US with plans to expand globally.
"We are creating clean ingredients and bio-based chemicals for a wide range of markets through our leading, proprietary upcycling process. The food industry is our starting point.
Our ingredients offer the same efficacy and performance as the petrochemical-based ingredients. The same great taste that consumers already love. And we do it all focusing on the sustainability of our planet.
We are excited to do our part in advancing humanity towards a new, more sustainable future."
- David Austgen, CEO