New Jersey company gets VC funding to develop renewable substance
A group of venture capitalists have committed $12 million in Series A financing to DNP Green Technology to develop a nonpetroleum chemical, succinic acid, that can be used to make paint and plastics products. "We anticipate that the company will rapidly become the market leader," said Denis Lucquin, a partner at one of the venture firms.
Reuters
| 11/4
This story published in ACC SmartBrief on 11/05/2009
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