With $1.5 million in newly raised capital on the heels of a successful demonstration of commercial-scale production, renewable chemicals startup Pyran Inc. is preparing for its first commercial plant.
Madison-based Pyran makes a renewable, plant-based chemical that can replace petroleum-based chemicals in the paints and coatings used to make everyday products. The startup says its chemical is a cost-effective alternative to petroleum products, which contribute to climate change through greenhouse gas emissions.
Pyran has produced several initial tons of its product at a contract manufacturing plant in Crosby, Texas, proving it’s capable of producing at a commercial scale, Pyran co-founder and chief technology officer Kevin Barnett said. The company is already selling that product to early customers for use in products like nail polish, appliances and car interiors, he said.