New Markets Tax Credit Coalition

Solugen Chemicals, LLC

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $37,900,000

IMPACT

  • 121 FTE jobs
  • 21 jobs created and 100 jobs retained.

Investor

Project Description

Solugen, through its Nobel prize winning team of scientists, has developed a proprietary process to produce high performing, cost competitive carbon-negative specialty chemicals. Solugen uses bio-based feedstock, primarily corn syrup and sugar, to make chemicals with no emissions. After years of R&D, Solugen is scaling up its first carbon-negative manufacturing facility in an area of Houston, TX that suffers from aging infrastructure, a slowing economic growth rate, and vacant properties which have fallen into disrepair. Solugen’s products help address the 3rd largest source of global CO2 emissions, the emissions from chemical production, which were estimated to account for 925 million tons of CO2 in 2021.

MAP

Address: 14549 Minetta Street, Houston, TX 77035

Census Tract: 48201422200

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