Bioplastics maker wins government funding

By Frank Esposito
Senior Staff Reporter

Published: July 25, 2014 12:13 pm ET
Updated: July 25, 2014 12:16 pm ET

Related to this story

Topics Sustainability, Public Policy, Materials, Materials Suppliers, Canada

Canadian bioplastics maker Solegear Bioplastics Inc. has won $1.6 million in funding from the government-sponsored Western Innovation Initiative (WINN).

The initiative is part of the Western Economic Diversification Canada federal program. WINN is designed to spur innovation and economic development at medium-sized technology businesses.

The funding “is a big deal” for Vancouver, B.C.-based Solegear, founder and CEO Toby Reid said in a July 25 news release.

“It’s an honor to be recognized as an innovator by the government of Canada,” he said. “The funding is going to help us accelerate our commercialization.”

Western Economic Diversification state minister Michelle Rempel added in the release that, through WINN, the Canadian government “is filling a funding gap identified by Canadian business.”

Solegear is in the process of ramping up production of its Polysole-brand bioplastic, which officials said is 100 percent bio-based, non-toxic and compostable. The material can be based on corn or other plants. Solegear also produces Traverse-brand biocomposites, which can be made by mixing conventional plastic with natural fibers.

In 2012, Solegear received additional funding from Vancouver-based investment firm Yaletown Venture Partners and several angel investors.


Comments

Bioplastics maker wins government funding

By Frank Esposito
Senior Staff Reporter

Published: July 25, 2014 12:13 pm ET
Updated: July 25, 2014 12:16 pm ET

Post Your Comments


Back to story


More stories

Image

Brown signs California's plastic bag ban into law

September 30, 2014 1:38 pm ET

Gov. Jerry Brown (D) made it official today: plastic bags are banned across the entire state of California.    More

Image

New Hexcel plant will supply carbon fiber for Airbus A350 XWB

September 30, 2014 2:43 pm ET

Hexcel Corp. is investing $250 million on a new carbon fiber plant in France, with part of the production going into the future Airbus SAS A350 XWB.    More

Image

LyondellBasell CEO Gallogly to retire

September 30, 2014 3:00 pm ET

James Gallogly, CEO of Houston-based polyolefins producer LyondellBasell Industries NV, on Sept. 29 announced plans to retire in 2015.    More

Image

Toyoda Gosei pleads guilty, agrees to $26 million fine for price fixing

September 30, 2014 11:27 am ET

Toyoda Gosei Co. Ltd. has pleaded guilty and agreed to pay a $26 million fine for its alleged role in an international conspiracy to rig bids and fix ...    More

Image

Audacious vandal stuns Taipei Plas

September 29, 2014 4:59 pm ET

Melodrama erupted at the traditionally tranquil Taipei Plas trade show on Sept. 28 when a mysterious intruder flung red paint at the Baumüller Automat...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events