34 ConneCtiCut Green Guide • Summer 2014 www.CtGreenGuide.com
Starting up
P2 uses biomass like vegetable oil to
credit ingredients used in flavors and
fragrances for items like perfume and
detergent, replacing petrochemicals.
The startup raised $3 million from
Elm Street Ventures in New Haven
and quasi-state agency Connecticut
Innovations. The firm wants to be in
production by the end of 2014.
Save Money
P2 sells its ingredients at or below
the cost of the petrochemicals it is
replacing. The company sells plant
extracts used in flavors at as little as
10 percent of the typical cost.
Save the environment
Potential customers like bath product
giant Procter & Gamble like the idea
of replacing an ingredient based on
petroleum with one made from a
renewable resource like biomass, thus
decreasing the demand for crude oil.
Natural
Fragrance
P2 Science
FounderS: Patrick Foley, chief
science officer; Paul Anastas,
head of strategic advisory
board; Neil Burns, CEO
empLoyeeS: 5
LaunCH: November 4th, 2011
HeadquarTerS: 4 Science Park,
New Haven, CT 06511
Web SiTe: p2science.com
a Clean StartuP
PHOTO | STeve LaSCHeveR
P2 Science
employees and
founders (front,
from left) Neil
Burns, Tania
Salam, (back, from
left) Patrick Foley,
Yonghua Yang,
and Alexandre
Chapeaux.
