Chinese material manufacturers plan to dramatically increase their output of biodegradable plastics made from plants in response to China’s ban against disposal plastic bags.
A single company, China BBCA Group, aims to build up its capacity to produce the plastic to a level that far outstrips global demand.
The scale of these plans attests to the size of China’s plastic waste problem. But it also raises concerns among competitors of a Chinese-driven supply glut the likes of which was seen in solar cells and and wind turbines.
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.