P2 Science is a newly formed company,
co-founded by Yale scientists, a chemical industry veteran, and Elm Street Ventures, an early stage venture fund.
P2 Science has developed a unique bio-refining process for the conversion of biomass, including vegetable oils, into high-value specialty chemicals such as fragrance ingredients, bio-lubricants, bio-polymer intermediates and surfactants. Many of the products made by the P2 process are today available only from petrochemical sources. Among the first products to be produced by P2 are vegetable derived versions of current petrochemical consumer product ingredients. Major users & formulators of specialty chemicals have a strong interest in substituting vegetable for petrochemical ingredients. Patrick Foley, a graduate of the PhD program in Environmental Engineering at Yale, is P2′s Chief Scientific Officer. Neil Burns, an executive with 20+ years experience in the specialty chemical industry, is the company’s CEO. P2 has a laboratory in New Haven to support development and commercialization of the technology and has commenced discussions with partners at a number of points along the supply chain.