For at least 20 years, Brazil has been producing and using bioplastics as a substitute for products of fossil origin. Two decades later, one of the main associations in the sector, the Brazilian Association of Compostable Biopolymers and Composting (ABICOM ), assesses the environment is favorable for the country to have a growth rate above the global average. The worldwide estimate is for the bioplastics industry to more than triple its production capacity in the next five years. Data is from European Bioplastic , and the most recent report was released in December 2021.
For Karina Daruich, executive director of ABICOM, national agricultural production makes the Brazilian context more fertile for this industry, which uses vegetable materials as the most abundant and low-cost inputs.
Biome Technologies plc (LON:BIOM) 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.
