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AgriMetis company logo
INDUSTRIAL | Basic Materials / Agricultural Chemicals
agrimetis.com

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Founded Year

2014

Stage

Loan | Alive

Total Raised

$43.63M

Last Raised

$250K | 1 yr ago

About AgriMetis

AgriMetis is taking a unique approach to crop protection product development by focusing on "natural products" and developing active, pest-deterring ingredients from them by combing biology, synthetic biology, and chemistry. Unlike biological control products, which apply unaltered microbes and bacteria to crops to deter pests, AgriMetis is altering and enhancing naturally-derived products through synthetic biology and chemistry.

AgriMetis Headquarter Location

10751 Falls Road Suite 300

Lutherville Timonium, Maryland, 21093,

United States

410-494-4230

Latest AgriMetis News

BASF to close Muskegon-area facility by 2022

Oct 15, 2020

— Multinational chemical producer BASF announced this week that it’s closing its herbicide production facility in Muskegon Township by 2022. The facility — which BASF acquired from Bayer CropScience LP in 2018 as part of Bayer’s mega-merger with Monsanto Co. — produces non-selective herbicide glufosinate-ammonium (GA) and its intermediates. BASF is closing a similar facility in Germany as it consolidates operations at other plants in the U.S., Canada and Germany. “This step is part of further developing the (glufosinate-ammonium) business long-term to strengthen BASF’s competitive positioning in the non-selective herbicide segment to better serve our customers,” Vincent Gros, president of BASF’s Agricultural Solutions division, said in a statement. “We remain committed to the GA product line, as the recently announced acquisition of the Glu-LTM technology from AgriMetis LLC shows.” The two plant closures are expected to affect roughly 100 employees, while more detailed plans for the Muskegon site will be finalized in the coming months. A BASF spokesperson referred to the company’s press release when asked for further comment. Jim Edmonson, president and CEO of Muskegon Area First, called the announcement “not totally surprising,” citing the company’s “financial position.” Edmonson expects more details from the company later this week. Germany-based BASF’s most recent quarterly sales fell 5 percent while heavy write-offs caused a $3.1 billion net loss in the third quarter. Reuters reported that the company’s core operating profit could fall by up to 35 percent this year. The company said in a statement this month that it “expects pressure on margins to continue, especially for basic chemicals, which will be partially offset by fixed cost savings.” BASF Agricultural Solutions US LLC is listed as the property owner of 1740 Whitehall Road, which includes 16 buildings totaling nearly 184,000 square feet. Most of the buildings on the property were built in 1976, with one 51,000-square-foot manufacturing building added in 1997.

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Research containing AgriMetis

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned AgriMetis in 1 CB Insights research brief, most recently on Jun 9, 2021.

Expert Collections containing AgriMetis

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

AgriMetis is included in 4 Expert Collections, including Synthetic Biology.

S

Synthetic Biology

235 items

Companies involved in design and development of new biological parts, devices, and systems; as well as the re-design of existing biological systems.

G

Game Changers 2018

70 items

A

Advanced Materials

1,197 items

Startups developing new or improved materials (chemicals, alloys, etc.) that provide physical or functional advantages to basic materials.

A

Agriculture Technology (AgTech)

1,633 items

Companies that are using technology to make farms more efficient.

AgriMetis Patents

AgriMetis has filed 9 patents.

The 3 most popular patent topics include:

  • Amino acids
  • Carboxylic acids
  • Insecticides
patents chart

Application Date

Grant Date

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2/27/2019

9/22/2020

EC 2.6.1, Carboxylic acids, Amino acids, Glutamate (neurotransmitter), Herbicides

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2/27/2019

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9/22/2020

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Related Topics

EC 2.6.1, Carboxylic acids, Amino acids, Glutamate (neurotransmitter), Herbicides

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Status

Grant

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AgriMetis Web Traffic

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