Suzano Ventures invests up to US$5 million into Bioform Technologies to further develop bio-based plastic alternatives

By Suzano Ventures
Businesswire in the Financial Post
April 24, 2024
Category: Wood, Paper & Green Building
Region: Canada, Canada West

Suzano Ventures, the venture capital arm of Suzano, a market pulp producer, has invested in the Canadian materials science startup, Bioform Technologies. The investment provides up to US$5 million towards the company’s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The products can be manufactured through modified industrial processes already used in the pulp and paper sector. Bioform’s technology rapidly produces wood pulp-reinforced hydrogels to create high-performance plastic alternatives. Bioform’s materials have the potential to be home compostable or recycled through existing paper recycling processes and do not require fossil-based inputs. The technology is highly versatile and has a number of applications where it could replace conventional single-use plastics, including paper recyclable thermoformable films for packaging applications and compostable heat-sealable films for pouches, agriculture, and garbage bags.

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