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Citroniq

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Leading the Transition to a Renewable and Carbon-Negative Plastics Industry

Houston, United StatesFounded 2020Chemicals
Valuation $50–100M Last recorded · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Citroniq

Citroniq Chemicals, LLC, a Houston-based company founded in 2020, is positioned at the intersection of agriculture and advanced manufacturing, aiming to decarbonize the plastics industry. The company was co-founded by CEO Kelly Knopp, a 40-year veteran of the refining, petrochemicals, and plastics industries with leadership experience at major firms like NOVA Chemicals and Koch Industries, and President Mel Badheka, a serial entrepreneur with 30 years of experience in the global energy sector. Knopp's extensive background in chemical engineering and business, combined with Badheka's expertise in international energy markets and technology, underpins the company's strategy to bridge traditional industry with sustainable solutions. Citroniq's core business involves transforming U.S.-produced corn ethanol into carbon-negative bio-polypropylene, a sustainable alternative to petroleum-based plastics. The business model centers on developing, building, and operating world-scale biomanufacturing facilities. These plants are designed to be integrated into the U.S. Midwest's existing agricultural infrastructure, providing a stable, value-added market for local corn and ethanol producers beyond the seasonal fuel industry. Revenue will be generated from the sale of its bio-polypropylene pellets, branded OrganiqPP™, and potentially through the sale of high-value carbon removal credits. The company's primary product, OrganiqPP™, is a 'drop-in' bio-polypropylene that is physically identical to its fossil-fuel-based counterpart, allowing for seamless adoption by customers. This product serves industries demanding sustainable materials, including automotive, consumer goods, packaging, and medical supplies. The production relies on a proprietary E2O (Ethanol to Olefins) process, which utilizes technology from partner Lummus Technology to convert ethanol into ethylene and subsequently into polypropylene. This process, powered by renewable energy sources like wind and solar, permanently sequesters atmospheric carbon dioxide absorbed by the corn into a solid, durable plastic pellet, resulting in a carbon-negative manufacturing footprint. Citroniq is building its first plant in Falls City, Nebraska, a multi-billion dollar project expected to be the largest investment in the state's history and operational by 2029. This facility alone is projected to produce 400,000 tonnes of bio-polypropylene annually and capture or avoid approximately 2 million tonnes of greenhouse gases each year.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
Houston, United States
Employees
7
Open positions
None listed
Dealroom signal
84.4/100
Industry
Chemicals
Sector
Chemicals, Biotechnology, Plastic, Sustainable Development Goals, Advanced Materials, Bioplastic, Climate Tech, DT and LS, science-based
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Sep 2024 $12M $48M Lummus Technology ↗
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Growth signals

Citroniq website traffic

Latest recorded traffic for Citroniq is 1.4K monthly website visits, up 566.7% over the last three months. Citroniq's team grew 0% over the past year.

Latest monthly visits1.4K 3-month web change+566.7% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Lummus Technology
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Citroniq on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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