Funding gives a boost to plastic additives technology

By Kate Tilley
Correspondent

Published: August 13, 2014 9:59 am ET
Updated: August 13, 2014 10:21 am ET

Related to this story

Topics Materials Materials Suppliers Product News
Companies & Associations

BRISBANE, AUSTRALIA — Commercializing plastic additives to create tougher acrylic glass is moving closer to realization, thanks to a A$950,000 (US$893,000) investment in an Australian technology company.

A University of Queensland (UQ) sponsored start-up company, Brisbane-based TenasiTech Pty. Ltd., is developing the innovative plastic additives based on research by UQ’s professor Darren Martin.

TenasiTech CEO Richard Marshall told Plastics News the acrylic additive range, called Solid, will be manufactured commercially “by the end of the year or early next year.”

TenasiTech is currently in pre-commercial trials, but Marshall will not name the companies involved.

“We’re at the stage where we want to work with commercial partners. The technology is not licensed or restricted to any one company,” he said.

He said the product’s potential market is encouraging. “The poor scratch-resistance of acrylic glass is a key barrier to more widespread replacement of traditional glass,” he said.

“Our additive products are simple to incorporate and allow customers to design plastic sheets and other parts that are more durable as they are less prone to surface defects when handled.”

He said the Solid range doubles the surface hardness and scratch-resistance of acrylic without loss of gloss or impact strength.

TenasiTech secured the A$950,000 from members of investment groups Brisbane Angels Pty. Ltd. and Melbourne Angels Inc., and from UQ-based venture fund Uniseed Pty. Ltd.

The company has a U.S. sales office in Boston, and products will be marketed in the U.S. and Australia.


Comments

Funding gives a boost to plastic additives technology

By Kate Tilley
Correspondent

Published: August 13, 2014 9:59 am ET
Updated: August 13, 2014 10:21 am ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

PolyOne's Patterson focused on keeping the momentum going

March 27, 2015 9:30 am ET

New PolyOne CEO Robert Patterson sees a lot of good things when he looks at his company, which ranks as North America's largest compounder and...    More

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events