According to Market Analyst, the Global Bioplastics Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023. The market size of the Bioplastics will reach 3900 million $ by 2023, from 2960 million in 2018.
Italian Biotech company Bio-on and Innova Imagen, a company of the Himes Group, with operations in the textile sector in Mexico and the United States with particular attention to eco-sustainable innovation, signed an exclusive agreement to design the realization of the first plant in Mexico for the production of 100% natural and biodegradable bioplastic, obtained from agro-industrial residues and by-products. Continue reading
Bio-on, the Italian company active in the high-quality bioplastic sector, and Rivoira, one of the world’s leading manufacturers of high quality fruit and always careful on innovation, announced a strategic agreement to develop new materials for food packaging of fresh fruits and vegetables, even single use, with Zeropack S.p.A., founded by Bio-on and of which Rivoira acquired the 50%. The demand for new eco-sustainable materials for packaging is constantly increasing and consumers reward the choices of producers and distributors that respect the planet.
Italian company Bio-on and Sociedad Cooperativa General Agropecuaria, a Castilian-Leon cooperative which produces and markets sugar, food oils, biodiesel, various products for food animal and renewable electric energy, signed an agreement to begin a technical collaboration, the first in Spain, to study and evaluate the opportunity to exploit at industrial scale the Bio-on technologies for the production of PHA bioplastics from sugar beets processing co- and by-products.
BASF yesterday notified Avantium of its exit from their Synvina joint venture, effective 15 January 2019. Avantium continues to disagree with BASF’s interpretation of the joint venture agreement. The two companies are still discussing the terms and conditions of an exit.
Bio-on, a global leader in the high quality bioplastic sector, and Gruppo Hera, one of Italy’s largest multi-utility providers, reached an agreement to take 90% and 10% shares respectively (with the possibility of Hera increasing its share to 49.9%) in Lux-on, the new company founded by Bio-on aiming to revolutionise the production of PHAs biopolymers using CO2 captured from the atmosphere and producing energy without using fossil fuels.
Innovation within the bioeconomy needs a deep analysis of the market. We can identify and exploit trends and market needs. This article describes the need for market analysis in the bioeconomy sector, and provides insights on developments in biogas and bioplastics, for future market exploitations.
Total Corbion PLA, a 50/50 joint venture between French oil giant Total and Dutch biochemical company Corbion, yesterday announced the start-up of its 75,000 tons per year PLA (Poly Lactic Acid) bioplastics plant in Rayong, Thailand. The plant has successfully produced Luminy® PLA resins, a bioplastic that provides a valuable contribution towards the circular economy being biobased and biodegradable and offering multiple environmentally-friendly waste solutions.
“Avantium is a big story in the bioeconomy, but the relationships with big companies as investors are not easy”. To say it at the Sustainable & Circular Bioeconomy Conference in Brussels on October 22 was Jos Peeters, managing partner, founder and director of Capricorn Venture. Indeed, Avantium and BASF are in a dispute about the future of their Synvina joint venture. The companies disagree on the timing for the fulfilment of the criteria to invest in the commercial-scale plant for FDCA (furandicarboxylic acid).
Italian bioplastics company Bio-on signed today an agreement with the Russian TAIF JSC group, which will acquire a license to build the Russian Federation’s first plant producing 100% natural and biodegradable PHAs bioplastic, in the Republic of Tatarstan.