Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- Plastic pollution is not just due to plastic packaging. Many products contain as much plastic on the inside as they do in their packaging. And yet most innovations focus on plastic packaging that can be collected and recycled.
Naturbeads is one of the few companies focusing on the plastic inside the products. Plastic microbeads are intentionally added to personal care and cosmetic products, paints and coatings, adhesive, inks, detergents and many other industrial and consumer products. The global market for microbeads is $6 Billion in 2021 of which the plastic market share is $1 Billion.
We have already completed a pilot plant (1 ton/year) and we have three customers in personal care and cosmetics and paints and coatings and additives, which have successfully tested our material and are interested in purchasing our beads (business opportunity 400 tons/year).
We are now looking for funding and partner to accelerate the scale up and commercialize our technology ahead of incoming regulations (https://echa.europa.eu/fr/-/working-on-the-world-s-broadest-restriction-of-intentional-uses-of-microplastics).
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