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Greenlife out of industrial waste

Estimated cost: 3,200,000 EUR

Greenlife out of industrial waste

Evegreen have developed an innovative method of creating bioplastic material for organic single-use plastic items, which are then easily compostable without additional processing. This gives the food processors a very valuable option for disposing of waste which turns a business expense into a green imperative. Natural Fibre Reinforced Biopolymer compounds are made of PBS, blended with natural, biodegradable fillers/biowaste, additives and compatibilisers, suitable for conventional injection-moulding and thermoforming processes. The material has many advantages over conventional bio-plastics: It is easy to process, has superior properties including the ability to withstand temperatures of 95 degrees, is fully biodegradable in domestic compost bins, as well as soil, and is low cost. They have been working with both an injection moulding company (Plastika Skaza d.o.o.) and an end-user (Atlantic Droga Kolinska d.o.o. - Slovenian coffee importer) to experiment with producing Natural Fibre Reinforced Biopolymer (NFRB) using coffee processing waste through conventional injection moulding machines to make cups, spoons and stirrers, and have achieved success in proof of concept work.

  • Estimated cost: 3,200,000 EUR
  • Date added: 20.09.2019
  • Start date: 15.10.2018
  • Promoter: EVEGREEN
  • Main country: Slovenia
  • Main region: Savinja region
  • Location: Saleska cesta 2a, 3320 Velenje, Slovenia
  • Type of investment: Enter ownership
  • Project status: Feasibility
  • Asset ownership: Private
  • Web link: Evegreen, Bio-plastic pot
  • Description of key products:

    Overall Objective: Our overall objective is to enable the conversion of industrial food processing waste into Natural Fibre Reinforced Biopolymer (NFRB) compounds to substitute non-biodegradable thermoplastics at very affordable cost levels. We provide food processors with a green alternative to dealing with their waste, which we convert into PBS for recycling into organic plastic items which the food processor can sell or give away in support of their food and beverage.

    Typical consumer goods:

    - kitchenware (single use/season use cutlery, cups, boxes, trays, baby spoons)

    - toys

    - packaging, rigid packaging

    - personal care (toothbrush handle, soapbox)

    - beauty (crème containers)

    - outdoor

    The EVEGREEN is offering 30% of its envisaged share capital for a direct investment of 3,2 MEUR. This is the amount

    of additional funding that we need to generate a fast-growing Sales of around 48 MEUR in year 5 of the funding.

  • Description of need or reason to look for an investor:

    To set up:

    - serial, optimized production of customized Natural Fibre Reinforced Biopolymer (NFRB) compounds,

    - serial, optimized production of green products, that are alternative instead of traditional, oil sourced single-use plastics.

  • What the funds will be used for:

    - Build two compounding lines – small for tests and one for production at scale;

    - Injection moulding machine and production line;

    - Capability to produce bespoke biopolymers which can be made using our own formulations and partners’ formulations;

    - Capability to be used in industry-standard injection moulding machines for serial production and producing customized, green end products on standard injection moulding machines;

    - Carrying out trials runs at large scale;

  • Expected share:

    30,00 % through the sale of the company shares

  • Resource Efficiency and Environmental Protection, including Blue Economy
  • Agriculture and rural development, forestry and bio-economy
  • Health
  • Natural Resources
  • Research, development & Innovation

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