Written by John Cumbers for Forbes
Fossil fuels are the foundation of countless everyday products ranging from plastics to detergents. Entire industries still depend on fossil fuels and their derivative materials, petrochemicals, but the clean energy and sustainable products movement is starting to change how companies source their raw materials. Origin.Bio, a synthetic biology company, plans to free manufacturers from their petrochemical dependency by co-designing with nature to create more sustainable products.
Origin.Bio announced today that it has secured $15 million of funding led by EQT Ventures. The company plans to use the funding to expand technology and bring sustainable ingredients to brands all over the world.