Bioplastics are plastics made from renewable biological material, usually plants, waste, or microorganisms rather than petroleum or natural gas. Many bioplastics can be far more beneficial to the environment than plastics made from fossil fuels, but others can be no better than the original. It depends on how bioplastics are made.
The bioplastics industry is young; in 2022, bioplastics represented only 1% of the world’s plastic production. There is currently no standardization for sourcing raw materials, types of plastics, or labeling what is biodegradable or compostable. This makes it difficult for consumers to judge whether they are doing anything environmentally beneficial by choosing bioplastics over fossil-based ones.
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.