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Invests $18.2 million in US-based renewable chemicals company.
March 12, 2012
By: TOM BRANNA
Editor
BASF Venture Capital GmbH has invested $13.5 million in Allylix Inc., a US-based renewable chemicals company. The BASF subsidiary led a $18.2 million financing round, joined by existing investors Tate & Lyle Ventures, Avrio Ventures and Cultivian Ventures. Allylix has a proprietary technology platform to produce a wide variety of renewable specialty chemicals; i.e. terpenes and their derivatives, for several industries including flavor and fragrance, food ingredients, cosmetics and othe...
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