{"id":122516,"date":"2023-02-15T07:23:00","date_gmt":"2023-02-15T06:23:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=122516"},"modified":"2023-02-10T12:24:51","modified_gmt":"2023-02-10T11:24:51","slug":"kelpi-secures-3m-seed-funding-led-by-science-creates-ventures-to-develop-the-next-generation-of-sustainable-bioplastics","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/kelpi-secures-3m-seed-funding-led-by-science-creates-ventures-to-develop-the-next-generation-of-sustainable-bioplastics\/","title":{"rendered":"Kelpi secures \u00a33m seed funding led by Science Creates Ventures to develop the next generation of sustainable bioplastics"},"content":{"rendered":"\n\n\n
\"Kelpi
Kelpi Chief Scientific Officer Dr Stefanie Federle \u00a9 Kelpi<\/figcaption><\/figure><\/div>\n\n\n\n

With 79% of plastic being dumped in landfills and taking hundreds of years to decompose, plastic pollution is a major threat to the environment. Kelpi, a materials innovator based in our Old Market incubator, has secured \u00a33 million to take the plastic out of packaging with its recyclable, compostable and marine-safe materials.<\/strong><\/p>\n\n\n\n

This funding will allow the growing team to conduct manufacturing pilots for Kelpi\u2019s seaweed-based coatings for paper and card \u2013 bringing its sustainable packaging a step closer to our supermarket shelves. <\/p>\n\n\n\n

As current trends threaten to lead us to a future where the plastic industry could account for 20% of the world\u2019s total oil consumption by 2050, Kelpi\u2019s renewably-sourced materials have the potential to replace polluting fossil fuel plastics. Grease and acid resistant with an oxygen barrier and uniquely strong water barrier, its packaging is strong, home and industrially-compostable and can go straight into paper or card recycling \u2013 which sees recycling rates of up to 86% in the UK. <\/p>\n\n\n\n

\u201cThis landmark investment enables Kelpi to scale up our pioneering work using seaweed to create bioplastic packaging with the barrier properties required by clients,\u201d said Kelpi CEO and co-founder Neil Morris<\/strong>. \u201cKelpi can now play a key role in eliminating plastic pollution and ending our dependence on fossil fuels to create single-use packaging. We\u2019re delighted to receive this backing from seasoned deep science and sustainability investors like Science Creates Ventures and Green Angel Syndicate to allow us to accelerate our pioneering work with major food and drink companies worldwide to prove our materials at scale.\u201d\u00a0\u00a0\u00a0<\/p><\/blockquote>\n\n\n\n

Kelpi\u2019s seed round was led by Science Creates Ventures and Green Angel Syndicate, with further funding from One Planet Capital, and follow-on investment from Bristol Private Equity Club (BPEC), together with private angel investors. The round includes \u00a3665,000 of grant funding from Innovate UK\u2019s Combined Investor Partnership. <\/p>\n\n\n\n

Dr Catherine Fletcher, Principal of Science Creates Ventures<\/strong>, said \u201cKelpi stood out to us as a strong combination of world-leading scientific innovation with deep entrepreneurial experience. They\u2019re using deep tech to address a highly valuable commercial challenge and we\u2019re excited to be backing the company to scale up its solutions in the vital area of reducing fossil fuel dependence in plastics.\u201d\u00a0<\/p>

Cam Ross, CEO of Green Angel Syndicate<\/strong>, said \u201cOur network of specialist members was impressed with Kelpi\u2019s team and technology, and their pioneering approach to developing biopolymers from renewable feedstocks like seaweed. At scale, the Kelpi approach will play a vital role in reducing fossil fuel dependency, addressing climate change and impacting on plastic pollution.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

With 79% of plastic being dumped in landfills and taking hundreds of years to decompose, plastic pollution is a major threat to the environment. Kelpi, a materials innovator based in our Old Market incubator, has secured \u00a33 million to take the plastic out of packaging with its recyclable, compostable and marine-safe materials. This funding will […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The seed investment will fund pilots for new seaweed-based packaging \u2013 reducing fossil fuel dependency","footnotes":""},"categories":[5572],"tags":[7190,5838,5847,7105],"supplier":[21747,20126,21746],"class_list":["post-122516","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-algae","tag-bioeconomy","tag-bioplastics","tag-packaging","supplier-green-angel-syndicate","supplier-kelpi","supplier-science-creates-ventures"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/122516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=122516"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/122516\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=122516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=122516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=122516"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=122516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}