ChainCraft Revenue and Competitors

ChainCraft develops and exploits proprietary fermentation processes to produce biochemicals from organic waste. The first product range, Medium Chain Fatty Acids (MCFA), can be used in existing and new applications in animal feed, lubricants, plasticizers, polymers, coatings and flavours and fragrances. The main product, the C6 fatty acid Caproic Acid, can serve as an important intermediate for a C6 chemistry platform. ChainCraft uses open mixed culture fermentation as technology. This non-GMO, non-sterile, continuous type fermentation leads to several operational and cost advantages. Due to the nature of the technology, a wide range of low grade feedstocks like food waste, agricultural residues or the organic fraction of municipal solid waste can be used. ChainCraft was founded in 2010 as spin-off from Wageningen University. In 2013 a first investment round was closed with SHIFT Invest and Horizon 3 as investors. In 2015 ChainCraft successfully completed its pilot phase. In 2016 new funding was attracted from the City of Amsterdam (AKEF), Port of Amsterdam and Province of Noord Holland (PDENH). In 2017/2018 a commercial demonstration plant was engineered and realized in the Port of Amsterdam. This plant is operational since Q4 2018 and has an annual production capacity of 2.000 tonnes of fatty acids. For a full scale flagship plant with an annual capacity of >20.000 tonnes of MCFA, ChainCraft is looking for upstream partners and downstream partners to co-develop innovative and sustainable product applications.