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INDUSTRIAL | Basic Materials / Plastics & Fibers
segetis.com

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Founded Year

2006

Stage

Acquired | Acquired

Total Raised

$74.67M

About Segetis

Segetis is a technology-enabled green chemistry company producing versatile chemical building blocks. This new platform harnesses the power and reliability of renewable agricultural and forestry resources. Powered by its Javelin Technology, this portfolio of biobased products are backed by a strong intellectual asset portfolio built on filed composition of matter patents. Segetis has a focus on Performance First and is transforming the chemical industry by offering material properties, cost effective economics and an improved health and environmental footprint.On February 16th, 2016, Segetis was acquired by GFBiochemicals, terms of the agreement were not disclosed.

Segetis Headquarter Location

680 Mendelssohn Ave N

Minneapolis, Minnesota, 55427,

United States

763-795-7200

Latest Segetis News

Range Resources : IRRRB, state offer $26 million for new biotech firm on Iron Range

Oct 28, 2015

The IRRRB is set to vote on the project Friday afternoon. St. Louis County already has voted to give the tax-forfeited parcel of land just north of U.S. Highway 169 for the project that would begin operations in 2017. The project is part of a long-term effort to diversify the region's mining-focused economy as well as add value to forest products beyond traditional paper or boards. Supporters say the market for biochemicals will only increase as demand for green alternatives to petroleum-based products grows. "This project places northeastern into the leading edge of the growing green biotechnology industry," said Mark Phillips , IRRRB commissioner. "It's an innovative process that makes use of our region's natural resources, creates new well-paying jobs, and helps diversify the region's economy. " The economic development project, if approved and used, would be one of the largest ever offered by the IRRRB, second only to the now-idled Mesabi Nugget iron nugget plant near Hoyt Lakes In a statement released through the IRRRB, Arunas Chesonis , Sweetwater Energy chairman and chief executive officer, said his company is eager to grow in Minnesota . "Right from the start they've been welcoming and energetic, and we're looking forward to offering solid employment in the region and expanding there as we grow," he said. The deal being offered to Sweetwater is similar to the economic development package offered to Segetis, a Golden Valley, Minn. -based company that promised to build the same type of biochemical plant to turn chemicals derived from wood into the building blocks for soaps and other products. In , the IRRRB approved its part of a $28.2 million public financing package for the $105 million Segetis plant proposed for the Laskin Energy Center industrial park in Hoyt Lakes . Segetis was supposed to start small, using corn-based feedstock to derive sugars that would be made into levulinic acid, a key building block used to make plastics and cleaning compounds. Plans were to expand and use biomass from forest products to get the same results by about 2018, eventually using up to 400,000 cords of wood per year. But Segetis has been unable to raise private capital for its part of the Hoyt Lakes project, which now appears dead. The News Tribune has been unable to reach anyone from Segetis to determine the status of the project. Silver Bay

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Expert Collections containing Segetis

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

Segetis is included in 2 Expert Collections, including Advanced Materials.

A

Advanced Materials

1,221 items

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

A

Agriculture Technology (Agtech)

1,714 items

Companies that are using technology to make farms more efficient.

Segetis Patents

Segetis has filed 37 patents.

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Application Date

Grant Date

Title

Related Topics

Status

11/17/2015

12/12/2017

Plasticizers, Food additives, Chemical processes, Chemical reactions, Amines

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11/17/2015

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12/12/2017

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Related Topics

Plasticizers, Food additives, Chemical processes, Chemical reactions, Amines

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Status

Grant

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