{"id":143438,"date":"2024-05-08T07:37:00","date_gmt":"2024-05-08T05:37:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=143438"},"modified":"2024-05-03T14:45:53","modified_gmt":"2024-05-03T12:45:53","slug":"suzano-ventures-invests-up-to-us5-million-into-bioform-technologies-to-further-develop-bio-based-plastic-alternatives","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/suzano-ventures-invests-up-to-us5-million-into-bioform-technologies-to-further-develop-bio-based-plastic-alternatives\/","title":{"rendered":"Suzano Ventures invests up to US$5 million into Bioform Technologies to further develop bio-based plastic alternatives"},"content":{"rendered":"\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"801\" height=\"85\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/04\/Bildschirmfoto-2024-04-30-um-13.59.29-2.png\" alt=\"\" class=\"wp-image-143465\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2024\/04\/Bildschirmfoto-2024-04-30-um-13.59.29-2.png 801w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/04\/Bildschirmfoto-2024-04-30-um-13.59.29-2-300x32.png 300w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/04\/Bildschirmfoto-2024-04-30-um-13.59.29-2-150x16.png 150w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/04\/Bildschirmfoto-2024-04-30-um-13.59.29-2-768x81.png 768w, https:\/\/renewable-carbon.eu\/news\/media\/2024\/04\/Bildschirmfoto-2024-04-30-um-13.59.29-2-400x42.png 400w\" sizes=\"auto, (max-width: 801px) 100vw, 801px\" \/><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Suzano Ventures, the corporate venture capital arm of Suzano, the world\u2019s largest market pulp producer, is funding up to US$5 million for Canadian startup, Bioform Technologies<\/strong><\/li>\n\n\n\n<li><strong>Bioform\u2019s innovative materials, developed at the University of British Columbia, offer sustainable, bio-based alternatives to single-use plastics<\/strong><\/li>\n\n\n\n<li><strong>Financing will be used to demonstrate the potential for Bioform\u2019s technology to rapidly scale and reach cost-competitiveness with single-use plastics by modifying manufacturing processes widely used in the pulp and paper industry<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Suzano Ventures, the corporate venture capital arm of Suzano, the world\u2019s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to US$5 million towards the company\u2019s 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.<\/strong><\/p>\n\n\n\n<p>Bioform\u2019s proprietary technology rapidly produces wood pulp-reinforced hydrogels to create high-performance plastic alternatives, which can be made using Suzano\u2019s wood pulp fibre as a key input. Bioform\u2019s 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.<\/p>\n\n\n\n<p>With the potential to offer an 80 percent lower carbon footprint than conventional single-use plastics, Bioform\u2019s technology has similar or enhanced product performance to conventional plastics in areas such as tensile strength and permeability for oxygen or water vapor.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Chris Clark, Chief Executive Officer of Bioform Technologies<\/strong>, said: \u201cOur goal is to produce sustainable alternatives to single-use plastics at the speed of paper and at the cost of plastic. We are harnessing the speed and efficiency of pulp and paper manufacturing to make swift and impactful steps into the marketplace. The technical validation and strategic investment from Suzano Ventures gives us a link to the world\u2019s largest market pulp producer. We can also access Suzano\u2019s world-leading expertise to help us rapidly accelerate the production efficiencies and cost reductions needed to make a significant reduction in the reliance on single-use plastics.\u201d<\/p>\n\n\n\n<p><strong>Paula Puzzi, Senior Manager at Suzano Ventures<\/strong>, said:\u201cWe\u2019ve looked closely at Bioform\u2019s technology and we see great promise in their technology and ability to disrupt the industry. Around the world, there are a number of innovations being developed that each offer more sustainable alternatives to the mountains of single-use plastic that we throw away each year, polluting our cities and soils, rivers, and seas. The great challenge is scaling production and getting to cost competitiveness versus cheap single-use plastic. By using renewable material and harnessing established industrial processes and machinery from the pulp and paper sector, we believe that Bioform has the opportunity to disrupt established supply chains and rapidly replace the need for fossil-based materials.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Bioform has previously raised US$2.4 million from direct investments and US$1.2 million from non-dilutive sources to streamline its technology and validate performance and processes in its labs. This funding from Suzano Ventures will enable the company to realize a demonstration facility to pilot its manufacturing process and expand its team and capabilities.<\/p>\n\n\n\n<p>Headquartered in S\u00e3o Paulo, Brazil, Suzano is the world\u2019s largest market pulp producer and one of Latin America\u2019s largest paper manufacturers. Producing its pulp entirely from farmed eucalyptus, the company\u2019s products reach over 2 billion people around the world in over 100 countries. Suzano has had a presence in Canada since 2015, with a large research and development center for pulp, paper, and biomaterials technologies located in Vancouver.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Suzano Ventures<\/strong><\/h3>\n\n\n\n<p>Suzano Ventures is the venture capital arm of Suzano, the world\u2019s largest market pulp producer &#8211; the key raw material for paper and packaging products that are part of the lives of more than 2 billion people around the world in over 100 countries. We invest globally in businesses that are pioneering innovative approaches to harness the power of trees, to help build the future of the bioeconomy.<\/p>\n\n\n\n<p>We are committing an initial US$70 million to support the development and growth of companies across four investment areas: novel applications for eucalyptus biomaterials, sustainable packaging, forestry technology, and carbon removal. We help startups to grow, which in turn have the potential to develop and help shape the future of Suzano\u2019s business.<\/p>\n\n\n\n<p>Our strategic investments deliver shared value. By placing science at the heart of business, we help early-stage startups to grow, which, in turn, have the potential to develop and help shape the future of Suzano&#8217;s business.<\/p>\n\n\n\n<p>We provide our portfolio companies with capital, technical expertise, and market insights, alongside access to our global operations, supply chain and customer base. This includes the ability to engage with our hundreds of scientists, engineers, and technologists, based at Suzano\u2019s research centers and operations across four continents.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Bioform Technologies<\/strong><\/h3>\n\n\n\n<p>Founded in 2021, Bioform has developed a proprietary method to manufacture plastic alternatives based on wood pulp reinforced hydrogels at high speeds by modifying existing pulp and paper making machinery. The manufacturing process has a low carbon footprint and can produce highly versatile materials to replace a wide range of single use plastics. Bioform has developed both compostable and paper-recyclable films that can be heat sealed or thermoformed depending on the application.<\/p>\n\n\n\n<p>Bioform\u2019s core technology was developed at the University of British Columbia by co-founders Jordan MacKenzie, the company\u2019s current CTO, and Mark Martinez, Professor, Bio-Products Institute, University of British Columbia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suzano Ventures, the corporate venture capital arm of Suzano, the world\u2019s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to US$5 million towards the company\u2019s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The products can [&#8230;]<\/p>\n","protected":false},"author":59,"featured_media":143466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Bioform\u2019s proprietary technology rapidly produces wood pulp-reinforced hydrogels to create high-performance plastic alternatives, which can be made using Suzano\u2019s wood pulp fibre as a key input","footnotes":""},"categories":[5572],"tags":[5847,10416,12239,14436,7105,15004],"supplier":[21274,9662,1843],"class_list":["post-143438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bio-based","tag-bioplastics","tag-circulareconomy","tag-compostability","tag-hydrogel","tag-packaging","tag-woodpulp","supplier-bioform-technologies","supplier-suzano-pulp-and-paper","supplier-university-of-british-columbia"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/143438","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=143438"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/143438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/143466"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=143438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=143438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=143438"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=143438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}