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French green chemistry start-up receives €6 million in funding

2:46 AM MST | November 13, 2013 | Francinia Protti-Alvarez

Industrial biotech Deinove's (Montpellier, France) plant chemistry development program has been awarded nearly €6 million ($8.1 million) in funding by France's environment and energy management agency (Paris) and the General Investment Commission (Paris). Deinove develops and markets a new generation of industrial processes based on Deinococci bacteria.  The Deinochem program aims to produce [renewable] chemical compounds that can be substituted for petrochemicals.  “This is one of the highest levels of financial backing...

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