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

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

Experts explain why resin sales are down in a healthy US economy

February 27, 2015 1:58 pm ET

The economies of the U.S. and Canada posted solid growth in 2014 — even though resin demand in those countries lagged behind.    More

Image

Industry vet Dwight Morgan joins M. Holland

February 27, 2015 1:55 pm ET

Resin distribution leader M. Holland Co. has hired industry veteran Dwight Morgan as its vice president of corporate development.    More

Image

Indian masterbatch makers growing locally and thinking globally

February 27, 2015 1:30 pm ET

GANDHINAGAR, INDIA — India’s masterbatch makers are expanding their domestic capacity to meet growing demand, as some are also moving...    More

Image

Polypropylene prices rise, while PE and PS fall

February 26, 2015 4:01 pm ET

North American prices for polyethylene and polystyrene resins continued to fall in February, while regional prices for polypropylene showed a...    More

Image

Price and sustainability both key to success for carpet recycler

February 26, 2015 1:28 pm ET

DALLAS — A green message will get you in the door, but ultimately that sustainability message has to be backed up with quality at the right pric...    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