According to a report by Grand View Research, the global bioplastics market is expected to grow at a compound annual growth rate of 18.8% to reach $44.77 billion by 2030. The growth is attributed to the increased demand for sustainable bio-based products from sectors including consumer goods, food and beverages, and packaging solutions, among others.
The post W-Cycle makes plastics that decompose in less than 100 days appeared first on Green Prophet.
W-Cycle plastics decompose within 100 days
W-Cycle, an innovator in sustainable food packaging, and Melhoramentos, a publicly traded Brazilian company with activities spanning publishing, renewable forestry, and real estate (Altea), announced a strategic partnership. Together, they aim to produce compostable “plastics” or packaging made from renewable materials that naturally decompose within 100 days.
The agreement, valued at a minimum of 3.45M USD and set for an initial term of three years involves the supply by W-Cycle to Melhoramentos Latin America with its proprietary food-grade packaging formula and consulting services. These resources will help Melhoramentos produce its new advanced biodegradable packaging.
Melhoramentos will also incorporate their own high-performance cellulose fibres sourced from their extensive renewable forestry operations covering more than 80 million square meters.
“There has long been a global demand for more sustainable packaging solutions,” says Rafael Gibini, CEO of Melhoramentos. “Our collaboration with W-Cycle opens the door to a new and inspiring use for our cellulose-based natural resources. Together, we’re ushering in a new era that could eventually phase out single-use plastic packaging and pave the way for a more sustainable future.”
“Partnering with such a renowned industry leader is a pivotal moment in our journey,” says Isaac Rome, CEO of W-Cycle. “It will open up a wide scope of opportunities for both companies to deliver impactful, high end affordable packaging solutions by blending expertise and creativity.”
The clean-tech start-up W-cycle made a breakthrough in greener food packaging with its patented food-grade SupraPulp material. SupraPulp comprises a
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