CEDAR RAPIDS, IOWA (Aug. 3, 10:10 a.m. ET) — Biocomposites developer MCG BioComposites LLC has won a grant from the state of Iowa's Demonstration Fund.
Cedar Rapids-based MCG will receive $41,500 from the Iowa Economic Development Authority, a state-funded group that awarded a total of five grants this year. MCG will use the funding to develop its BioMarker-brand plant marker and to develop new formulations for biocomposite materials, officials said in a July 2 news release.
“This award is very helpful and also shows the commitment at the state level for providing the resources for us to continue the development of new materials,” founder and CEO Sam McCord said in the release.
MCG's BioMarker product is made from its own proprietary biocomposite, which is a combination of corn cob fiber and recycled high density polyethylene and polypropylene. The material is produced for MCG by MGP Ingredients Inc. of Atchison, Kan.
The BioMarker product also recently won the 2012 Green Thumb Award from the Direct gardening Association. DGA – based in LaGrange, Ga. – is a nonprofit organization that works with companies that market garden products to consumers.
McCord added that MCG is developing materials where the customer “wants to increase stiffness, have more durability, or reduce shrinkage, warpage or weight to drive sustainability throughout their company.”