IHS Chemical Week

People & Business :: Emerging Companies

Materia: Moving to a New Phase of Catalyst Production

3:04 AM MDT | April 12, 2011 | Alex Scott

Privately owned metathesis catalyst technology firm Materia (Pasadena, CA), which started up in 1998, says it is on the cusp of major growth. “We’ll be making announcements in the next few quarters on a series of global joint ventures and partnerships,” says Michael A. Giardello, Materia’s CEO. Materia has a team of about 78 full time staff and sales of above $10 million/year. The vision is to secure sales of $1 billion before the end of the decade and a staff of several hundred, Giardello says.   The company has already begun...

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