At the 2024 ADI Forum, David Austgen, CEO, BioVeritas, and Steve Brown, President, Chemstations joined Uday Turaga, CEO, ADI Analytics. They held a discussion on key applications and market trends for specialty chemicals. BioVeritas produces bio-based carboxylic acids from food waste for “clean label” food markets. Chemstations, now part of DataCor, provides process simulation software to optimize chemical processes. Both companies were innovating in the specialty chemicals sector.
Chemstations supported companies like BioVeritas in process-scaling through simulation, from lab to commercial, optimizing experiments. BioVeritas was securing off-take agreements for its plant. It produces natural mold inhibitors from bio-based carboxylic acids. They are targeting the “clean label” food market with a significant price premium. The panel also discussed AI in simulation, emphasizing physics-based models for safety. BioVeritas has long-term plans for sustainable aviation fuel.
About ADI Analytics
ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy transition, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum https://www.adi-analytics.com/forum/.
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