The European Investment Bank (EIB) is backing a huge €250M fund to help bioeconomy companies scale up technology that turns waste biomass into value. Could this provide the sector the traction it needs to become mainstream?
According to the organizers of the European Circular Bioeconomy Fund, or ECBF, this is the first-ever fund in Europe dedicated to supporting the scaleup of companies developing ways to reduce our waste and turn it into commodities. The fund has mustered €82M of its €250M target so far.
Investors in the first closing include the EIB, the Dutch bioplastics company Corbion, the German recycling firm PreZero International, and German investment firm Hettich Beteiligungen.
Biome Technologies plc is a growth oriented, commercially driven technology group. The Group’s primary activity is the development of its fast growing business in bioplastics. The Group comprises two divisions: Biome Bioplastics and Stanelco RF Technologies.