Materials News
Clear direction for biobased materials The bioplastics industry sees companies and research institutes that are showing their commitment with investments and technology respectively to develop new materials that are biobased and biodegradable. Merger and acquisition benefits production Not all companies are content to produce solely in China. One such US bioplastics products maker Trellis Earth Products now expects to make 50% of its products in the US, having recently paid US$2.6 million for the assets of defunct bioplastics materials firm Cereplast, which was liquidated in bankruptcy court. Assets it has purchased include a 110,000 sq ft bioplastics production facility in Seymour, Indiana; patent portfolio, and inventory with a replacement value over US$8 million. It has also paid certain contract costs, as part of Cereplast's Chapter 7 liquidation proceedings. Trellis Earth specialises in bioproducts for the food service industry
Trellis has three contract manufacturers in China and with Cereplast’s plant will allow it to manufacture in the US. Cereplast’s plant, which has the capacity to produce US$50 million worth of products, will also allow Trellis to fast track its large scale injection moulding and thermoforming operations in the US. Trellis is a seven-year old company with over 500 customers in the food service industry and provides biobased cutlery, food containers, and shopping bags. It expects to post sales of US$8.5 million in 2015. E l s ew h ere , P H A p r o d u c e r Me r e d ia n and sister company DaniMer Scientific have merged under Meredian Holdings Group to increase the size and market awareness of both companies and allow for vertical integration into their supply chain. Meredian manufactures PHA biopolymers using renewable resource and has recently harvested its first locally sourced canola crop to produce biopolymers. Financing for investing into plants Dutch biobased materials and packaging firm Avantium has received EUR36 million financing from a group that includes beverage maker Coca-Cola, Austrian blow moulder Alpla Werke Alwin Lehner, French food
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conglomerate Danone, and British investment firm Swire Pacific. Existing shareholders include Sofinnova Partners, Capricorn Venture Partners, ING Corporate Investments, Aescap Venture, Navitas Capital, Aster Capital and De Hoge Dennen Capital. The investment will be used to advance the development of a biobased alternative to PET, polyethylene furanoate (PEF), as well as for industrial Coke is working together validation of PEF and finalising with Avantium's the engineering and design breakthrough technology of the first commercial-scale to commercialise plant. renewable, plant-based The firm is already working plastic bottles with Coke to make bottles from PEF, which is said to be a 100%-biobased plastic with improved performance. Avantium currently makes PEF using the YXY technology at a 20-tonne pilot plant in Geleen, the Netherlands, and expects to start-up a 50,000-tonne/year commercial plant by 2017. The firm says its partners “need larger quantities for both technical testing and market tests and thus, the need to scale up.” It says its ultimate goal is that the PEF bottle is made from responsibly sourced plant based materials, such as second generation feedstock. Elsewhere, BioAmber’s Canadian subsidiary BioAmber Sarnia, a joint venture with Mitsui, has secured a CAD$20 million commercial loan from a financial consortium led by Export Development Canada as well as Farm Credit Canada and Comerica Bank. It will be used to complete the ongoing construction of the Sarnia plant and fund its start-up and commissioning. When completed in early 2015, the Sarnia plant will be the world's largest biobased succinic acid production facility. The plant will convert Canadian agricultural products into biobased succinic acid, a value added building block chemical that is used in a wide variety of everyday products. BioAmber projects that over 90% of the 30,000 tonnes/year capacity will be exported.