Capricorn Partners and Southern Research Create Trillium Renewable Chemicals
Birmingham, AL, USA and Leuven, Belgium: April 20, 2021 – Capricorn Partners and Southern Research have jointly created a new Alabama-based start-up company Trillium Renewable Chemicals. Southern Research has exclusively licensed its patented chemical manufacturing platform to Trillium to accelerate commercial development of this promising new technology.
Today the majority of the more than 350,000 chemical products in circulation are made from oil or natural gas. But bolstered by scientific advances, changing consumer preferences, and regulatory pressures, a growing number of chemicals will be made from renewable feedstocks in the future.
Trillium Renewable Chemicals is poised to address this fast-growing market segment through commercialization of the technology invented by Southern Research. The technology converts renewable feedstocks, such as sugar or glycerol to chemical products like acrylonitrile, propylene glycol, and acrylic acid. These products are currently manufactured from oil and gas and used to make many familiar consumer and industrial goods like clothing, toys, car parts, sporting goods, paints, soaps, and other valuable materials.
“Southern Research is excited to team up with Capricorn Partners to further the development of our patented technology,” said Michael Catalano, Chief Operating Officer for Southern Research. “With the foundation of Trillium and focused management, we will be able to maximize the commercial potential, which is the ultimate goal and in-line with our strategy to monetize intellectual property for re-investment in future scientific endeavors.”
Trillium and Southern Research will continue to work jointly on the process development, while Trillium will team up with strategic partners for the scale up and deployment of the technology.
Corey Tyree, CEO of Trillium Renewable Chemicals: “Trillium will demonstrate the commerciality of this technology. Local production from renewable resources can meet the growing demand for green chemicals and offer stable pricing and a more secure supply chain. The market interest is there. To address it, the industry needs enabling technologies such as the catalyst discovered by Southern Research.”
Amit Goyal, lead inventor from Southern Research: “The Southern Research team developed an innovative, elegant thermo-catalytic process that utilizes biomass derived sugars or glycerol, allowing for the use of a variety of biomass feedstocks, to produce acrylonitrile and other co-products. This process has the potential to improve economics and the overall environmental footprint of downstream products that utilize acrylonitrile as a raw material.”
Capricorn Partners has invested from its Capricorn Sustainable Chemistry Fund. The proceeds will be used to scale up the process for the manufacturing of acrylonitrile and glycols. Wouter Van de Putte and Rob van der Meij, of Capricorn Partners: “We spotted the Southern Research Technology over 2 years ago and have been following the development closely as well as exploring market opportunities in Europe and the USA. This type of ‘green drop-in” molecule technology has a great advantage over new ‘green’ molecule developments in that the applications are already fully developed.”
The Capricorn Sustainable Chemistry Fund, with a committed capital of € 86.5 million, is aiming to capture the growing opportunities emerging from novel feedstocks, innovative and sustainable processes, more performing functional materials, and smarter use of precious raw materials. Capricorn invests in companies which combine sound financial returns with a material contribution to and a front-runner view on developments in sustainability and advanced materials, processes, and products. The fund focuses on companies that are in or near revenue stage and provided that the technologies and products are disruptive and have the potential to significantly address global markets.
more information on Trillium‘s website