P2 Science Makes Fast Company’s List

Fast Company named P2 Science to its list of the World’s Most Innovative Companies of 2025. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 609 organizations across 58 sectors and regions.

“Recognition by Fast Company as one of the World’s Most Innovative Companies is an incredible honor. We know what we are doing at P2 Science is special; we hear it from our customers and partners around the world on a regular basis. The opportunity to share P2’s mission, to reinvent the material economy using green chemistry, on this platform is incredible,” said P2 CEO Oihana Elizalde. “None of this would be possible without our innovative and hardworking team in Connecticut and throughout the US, our investors who share our vision and have supported us through it all, and our many partners across industries.”

Using the 12 Principles of Green Chemistry as its foundation, P2’s chemical transformation technologies and novel products are inspired by nature’s chemistry, utilizing abundant renewable materials as feedstocks. P2’s approach aims to detoxify, defossilize, and decarbonize ingredients and materials that consumers interact with daily. The manufacturing process for P2’s Citropol ingredients for beauty and personal care is unique. P2’s patented PICE (Process Intensified Continuous Etherification) reactors at its manufacturing site in Naugatuck, CT exist nowhere else in the world. They are designed specifically to achieve next-level innovations with plant-based raw materials. While most of the chemical industry is considered highly capital intensive, the PICE reactor is designed for cost and energy efficiency, modularity and hyper-scalability, according to P2.

A New HMW Liquid Polymer

In September 2024, P2 launched a globally compliant high molecular weight liquid polymer for cosmetics and personal care, Citropol DE-4 (INCI: Bis-Polycitronellyl Succinate). Described as the only molecule of its kind, Citropol DE-4 outperforms heavy silicones or ethoxylated esters, and offers a renewable, non-petrochemical and palm-free alternative to beauty brands and consumers. It is derived from upcycled terpenes extracted from responsibly managed forests as a side stream of the pulp and paper industry. Citropol DE-4 is USDA certified biobased, 96% natural origin (ISO 16128) and inherently biodegradable.

“Since the beginning of P2, we knew we were breaking new ground. We are fundamentally rethinking the chemical enterprise, designing new molecules from nature with their entire life cycle in mind and developing completely novel production processes,” said P2 Co-Founder and President Patrick Foley PhD. “Being named one of the World’s Most Innovative Companies is a very proud moment for me and the entire team. We have overcome many obstacles since our founding in 2012 and we are thrilled with the commercial momentum we have today. Thank you to Fast Company, to our many partners and mentors, and to the entire P2 team for your hard work and dedication.”

To be considered for the World’s Most Innovative Companies, Fast Company’s
editors and writers review companies driving progress around the world and across industries. They
evaluate thousands of submissions through a competitive application process. The result is a
globe-spanning guide to innovation today, from early-stage startups to some of the most
valuable companies in the world.