Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • AUD/USD

    0.6501
    -0.0035 (-0.54%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    82.75
    +1.40 (+1.72%)
     
  • GOLD

    2,230.40
    +17.70 (+0.80%)
     
  • Bitcoin AUD

    108,395.46
    +471.99 (+0.44%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

VEnvirotech transforms organic waste into bioplastics

After a year of testing out environmental technologies for a private company, co-founder Patricia Ayma developed a process for bioplastic production using bacteria. The system turns organic matter, such as food waste, into a product that can be used as a biodegradable alternative to single-use plastics. “I realized that it was a simple technology for taking to society, that will benefit everyone," she tells us.

The biotech startup began its pilot phase near Barcelona, at a BonArea supermarket plant, where they were able to develop and test the technology on an industrial scale with a potential customer. Ayma plans to push the innovation toward two sectors: Organic waste producers that want to shrink waste management costs and companies interested in purchasing the bioplastics for various applications.

The team recently closed an investment round of more than €2 million, which will allow them to open a 33,000-square-foot plant to start production on the VE-box: A portable waste management container that will transform organic waste into biodegradable plastics.