Even though it is likely to remain a niche, the bioplastics industry should see significant growth over the next five years. That’s due largely to two reasons.
The first is environmental. Bioplastics typically have two environmental benefits: a very low carbon footprint compared with traditional plastics, and most are biodegradable or compostable. Biodegradable/compostable plastics are not linked to an organic feedstock. There are bioplastics that are compostable yet are made from oil/gas and there are bioplastics made from organic feedstocks that are not biodegradable. While some critics have linked bioplastics to possible pollution from agricultural pesticides, the industry could grow twentyfold and still be a tiny fraction of the current bioethanol industry.
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.