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Novomer
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Producer of polymers and plastics made from CO2 and other renewable materials

Founded in 2004
Founded in

Company type Acquired Public ()
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Industry Group materials & chemicals

Sector advanced materials

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Waltham, MA Waltham, United States
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Updated by Harshal Sawant at Novomer on 11/05/2013

Edited by Cleantech Group on 07/30/2021

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  • 1 M&A items
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01/17/2012
Penford Penford
Novomer and Penford are working together on the development and commercialization of innovative Starch-Polypropylene Carbonate polymer composites.
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Date Investors Type Amount
12/10/2013 Aramco Ventures Aramco Ventures , DSM Venturing DSM Venturing , Flagship Pioneering Flagship Pioneering , OVP Venture Partners OVP Venture Partners , Physic Ventures Physic Ventures , KensaGroup KensaGroup (6)
Post-money valuation of
The investment, led by new investor Saudi Aramco Energy Ventures, will fund ongoing development of the company's technology platforms as well as construction of a market development plant for the CO2 technology and the enhancement of Novomer’s sales and marketing organization.
 Growth Equity $15,000,000
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