Biome Technologies awarded £244,000 funding from Innovate UK

Biome Technologies plc (LON:BIOM), a leading bioplastics and radio frequency technology business, announces that its Bioplastics division (www.biomebioplastics.com) has been awarded funding of £244,000 from the UK Government’s Innovate UK to support a collaborative development project with ANPOLY Inc (www.anpolyinc.com) of South Korea to improve shelf life performance of food packaging made from Biome’s bioplastics.

ANPOLY Inc (www.anpolyinc.com) is a spin out from Korean university, POSTECH (international.postech.ac.kr) with advanced technology to produce bespoke cellulose nano-fibres. This project, which will have a total investment of £794,000, will start in October 2022 and is expected to last two years.

As brands seek to adopt bioplastics, there is an increasing demand for materials with longer shelf-life to reduce food waste. Such improved performance currently requires the use of fossil-based additives, whereas cellulose nano fibres can offer similar performance with sustainable credentials. The project will bring together Biome’s portfolio of bioplastic products and market knowledge with ANOPOLY’s novel additives.

This work forms part of Biome’s approach to providing highly functional added value products to the market and it is expected that products derived from this collaboration will be commercialised after project completion.

Paul Mines, Biome Technologies’ Chief Executive commented:

“This latest development project is an important enabling step in understanding the functionality of a combination of Biome’s most exciting products with cutting edge additive and technologies coming through from ANPOLY. We believe these could represent an important addition to the business’s product range in due course and will bring benefits to manufacturers, consumers and the environment.”

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