P2 Science Process Scale-Up Complete
We are excited to announce the completion of a major process scale-up project for P2 Science at its Naugatuck, CT facility. A/Z served as the company’s design-build lead for this undertaking, which included a new reactor building and the fit-out of a hazardous area process room. We were also responsible for the design, fabrication, and installation of a process reactor skid.
A ribbon-cutting ceremony was held on September 12, 2018 to mark the completion of the project. P2 Science issued a press release describing the importance that this project has for the company:
P2 Science Inc., a venture-backed, biorenewable chemistry company, held the ribbon cutting for their green chemistry advanced manufacturing plant today in Naugatuck, CT. The plant is the first of its kind in the world and the US patent covering the core technology was issued on September 11th, 2018.
Commercial production at the plant starts in October and will focus on renewable intermediates and ingredients for fragrances, flavors and cosmetics. Customers from around the globe will use many of the novel and high performing ingredients produced from the Naugatuck plant. The plant is designed to be expanded easily at the current site, which can also accommodate additional production units.
The plant project was supported by US equity investors Elm Street Ventures, Connecticut Innovations and Ironwood Capital. Overseas Investors BASF Venture Capital of Germany and Xeraya Capital of Malaysia led the latest round of financing. The Connecticut Department of Economic and Community Development also provided advantageous debt financing to support growth at the company. Jobs Created by P2 to date number 15 and this will more than double when the plant is running at full capacity. P2 has brought in overseas direct investment of $7.5M
Speaking at the event in Nauguatuck were Nancy Wyman, Lieutenant Governor of the State of Connecticut, Catherine Smith, Commissioner of the Connecticut Department of Economic and Community Development, Professor Paul Anastas of Yale University, Patrick Foley, of P2 Science., Michael Nettersheim of BASF Venture Capital, Hapiz Abdullah of Xeraya Capital and Neil Burns, CEO of P2 Science. Attendees included customers and partners from around the world, including Italy, Malaysia, Japan and Germany.
Neil Burns, CEO, cited the building of the plant as evidence that the “American dream of advanced manufacturing, highly skilled jobs, and entrepreneurial vigor, is thriving today in Connecticut”. Patrick Foley, CSO said “We couldn’t have done it without the state of Connecticut.”