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

PP prices rise, solid PS, PET drop

October 30, 2014 1:15 pm ET

North American polypropylene resin prices surged again in October, while regional prices for solid polystyrene and PET bottle resin continued their...    More

Image

Italian compounder opening first US plant

October 30, 2014 9:45 am ET

The song of the South has led Italian compounder So.F.Ter Group to open its first plant in the United States in Lebanon, Tenn.    More

Image

Ineos closing Barex plant, exiting business

October 29, 2014 3:58 pm ET

Materials maker Ineos Group is closing its only global Barex-brand polyacrylonitrile (PAN) resin plant in Lima, Ohio. Ineos – based in Rolle,...    More

Image

Five-axis flexibility paying off for Sepro and its customers

October 29, 2014 1:47 pm ET

French robot maker Sepro Robotique expects to generate 78 million euros ($99 million) in 2014 sales — 17 percent more than 2013 — as...    More

Image

DSM picks Augusta, Ga., for nylon plant

October 29, 2014 11:49 am ET

Materials firm Royal DSM NV has chosen Augusta, Ga., as the site of its new North American nylon resin plant.    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

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 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

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events