SG Digest: Temasek invests in Solugen; ARA Logos divests Australian warehouse property
April 27, 2021
Temasek has partnered with, and invested in, Solugen, a US-based biotech startup that produces chemicals from plant-derived substitutes; while Singapore-listed ARA LOGOS Logistics Trust (ALOG) is divesting a warehouse property in Australia for $32.3 million.
Temasek invests in US chemicals manufacturer Solugen
US-based Solugen Inc., a venture-backed maker of chemicals from plant-derived substitutes, has announced a partnership with, and investment from, Singapore’s state fund Temasek.
The financing will support the scaling up and sales growth of Solugen’s molecular manufacturing platform that harnesses biology to make high-performing, cost-effective, carbon-negative chemicals, ingredients, and materials, the company said.