Biome Bioplastics and Suregreen begun large scale UK-wide field testing and initial commercial sales of their novel biodegradable tree shelters. The development of these biodegradable tree shelters aims to tackle one of the forestry industry’s plastic pollution challenges and support the UK’s afforestation efforts to reach carbon neutrality by 2050. To achieve its carbon neutrality targets by 2050, the UK government pledged to more than double tree planting rates, with an ultimate target of 30,000 hectares per year, equivalent to 90-120 million trees planted. Yet, while tree shelters are essential to protect saplings and help them grow safely, they are not collected at the end of their lifetime, already leading to an estimated 2,500 tonnes of plastic ending up annually in the natural environment after use.
Solegear Bioplastic Technologies, a global-leading bioplastic technology company headquartered in Vancouver, Canada, announced yesterday that it has formally closed the previously announced strategic acquisition of the bioplastics division of Ex-Tech Plastics for consideration of $1.33 million in common shares of the Company at a deemed price of $0.20 per share. Ex-Tech, based in the Chicago, Illinois, area has been a leading manufacturer of extruded plastic sheets for over thirty years.
IL BIOECONOMISTA 