2 years ago

Polymateria Secures £20 Million for Biodegradable Plastic Packaging

  • Polymateria, a UK-based startup specializing in biodegradable plastic packaging, has secured £20 million in Series B funding led by Singapore-based fund ABC Impact and sustainable chemical company Indorama Ventures

  • Polymateria's plastic degrades significantly faster than traditional plastics, taking less than a year to decompose by over 90%

  • The company's technology is used by Twickenham Rugby Stadium and the Chicago Marathon

  • The funding will be used to expand into new markets, invest in its Imperial College London laboratory, and further commercialize its technology.

      • ProblemTechnology

      "Traditional plastics take decades to hundreds of years to fully decompose, leading to environmental pollution and harm."

      Solution

      "Polymateria offers biodegradable plastic packaging that degrades by more than 90% in less than a year, leaving behind only water, CO2, and biomass without microplastics or toxic residues."

      Covered on