As consumer brands race to replace petroleum-based ingredients with cleaner and more sustainable alternatives, green chemistry companies are attracting growing investor attention. One of the latest firms to secure major backing is P2 Science, a Connecticut-based company focused on renewable specialty chemicals.
P2 Science has raised $23 million in funding to expand its operations, strengthen product development, and accelerate growth across multiple industries. The funding round was led by Sofinnova Partners and included participation from Emerald Technology Ventures, Lewis & Clark Partners, DSM-Firmenich Ventures, Connecticut Innovations, BASF, and CHANEL.
P2 Science Expands Green Chemistry Business
Founded in 2011 as a spinout from Yale University, P2 Science develops plant-based specialty chemicals designed to replace petroleum-derived ingredients used in consumer and industrial products.
The company uses proprietary technologies known as PIOz and PICE to transform renewable raw materials into high-performance chemical ingredients. These materials are used across beauty, personal care, coatings, crop care, home care, and performance materials industries.
P2 Science has gained attention in the beauty and skincare sector for products such as Citropol and Citrolatum. The company markets these ingredients as sustainable alternatives to petrolatum and certain silicone-based materials commonly used in cosmetics and personal care formulations.
As consumer brands continue to focus on sustainability goals, demand has increased for ingredients that can lower environmental impact without affecting product performance.
Funding to Support Commercial Growth
The newly secured capital will help P2 Science scale its commercial activities and expand into additional markets. The company also plans to strengthen manufacturing capabilities and continue developing new bio-based products.
Investors backing the company reflect growing confidence in sustainable chemistry solutions. Several participants in the funding round already operate in sectors connected to consumer products, industrial materials, and advanced chemicals.
The funding also highlights broader industry interest in renewable alternatives as manufacturers seek to reduce dependence on fossil-fuel-based ingredients.
Focus on Sustainable Innovation
P2 Science was co-founded by Paul Anastas and Patrick Foley. Anastas is widely recognized for his work in green chemistry and sustainable chemical design.
Since its launch, the company has focused on creating scalable solutions that combine environmental benefits with commercial performance. Instead of relying on traditional petroleum feedstocks, P2 Science develops ingredients from renewable sources while aiming to maintain the same functionality required by manufacturers.
The latest funding round marks another step forward for the company as it works to expand its reach in the growing sustainable chemicals sector. With support from strategic and venture investors, P2 Science is positioning itself to meet rising demand for cleaner and renewable ingredient solutions across global industries.
