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 Materials Public Policy Sustainability Canada Materials Suppliers
Companies & Associations

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

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

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

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events