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Solvay spin-off Syensqo invests in Argentina biotech firm

Solvay spin-off Syensqo has participated in a $2.1 million financing round for Argentinian biotech startup Bioeutectics, which makes green solvents.

Founded in 2019, Bioeutectics provides natural and high-performance solvents that make industrial products and processes more sustainable.

Based on pioneering technology - Natural Deep Eutectic Solvents (NADES) - Bioeutetics mimics the way plants elaborate their own solvents using 100% renewable sources.

By replacing petrochemical-based solvents with natural alternatives, the Mendoza-based outfit provides solvents with an improved environmental, health, and safety profile that are aligned with and contribute to the achievement of sustainable development goals.

“We see a growing demand for efficient and environmentally friendly solvents, which can also be biodegradable, non-toxic and affordable,” said Jean-Christophe Castaing, Global R&I Director, New Technologies at Syensqo.

“Bioeutetics’ cutting-edge technology is at the forefront of solvent innovation, combining high-performance, quality and sustainability that could bring real added value to Syensqo’s portfolio of products,” he added.

Syensqo, which was spun off from Solvay last month, made the investment via its venture capital fund alongside Fen Ventures, Atento Capital and SOSV (IndieBio).

The investment strengthens the existing partnership between Syensqo Ventures and the Genesis Consortium, supporting startups in the SOSV’s IndieBio startup development programme, it said.

See more about Solvay

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in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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