Happy new year from the World Bio Market family! It's good to be back.
We're kicking off the 2024 newsletter season with a strong feature story; reviewing some of the most timely and intriguing new sustainable materials that attracted financing in 2023.
In our newsroom we welcome the fresh year with a little bit of everything in the bio world; investments, tech, business and regulation.
Have a great year filled with bio-blessings!
FEATURE STORY
The return of bioplastics in 2023
2022 was the year of vegan and renewable textiles - the biobased segment that received among the highest financing rounds of the year. In 2023, things shifted somewhat, with a swing back to packaging and bioplastics. The VC world has been embracing a new generation of substitutes that aims to address the environmental problems posed by earlier biobased plastics.
Pigeon & LyondellBasell make nursery sustainable with bio-circular plastic
The use of CirculenRenew PP, derived from a bio-based feedstock including bio-based wastes and residual oils, results in a 70% lower product carbon footprint compared to fossil-based PP over the life cycle.
The standards will be developed based on empirical results from demonstrations in the aviation and shipping industries in 2024. The country aims to ensure the production of high-quality biofuels that meet regulatory requirements.
BioFluff lands $2.5M for bio-based fur alternatives
The biomaterials startup specializing in plant-based fur alternatives also unveiled its inaugural luxury material brand, Savian. It will feature fur, shearling, and fleece-like fabrics made from plant fibers utilizing BioFluff’s proprietary tech.
GreenLab & Ginkgo design enzyme to dissolve ‘forever chemicals’
Plant-biotech company GreenLab has developed a proprietary technology that enables proteins and enzymes to be grown within corn kernels. Ginkgo is offering their services to help mitigate research and development risks for GreenLab.
Samyang Innochem secures ISCC Plus Certification for sustainable biomaterial Isosorbide
The chemical subsidiary of Samyang Group has acquired international certification for its white bio material, Isosorbide, a material derived from 100% biomass. It is chemically processed from starch extracted from plant resources such as corn.
