TerraVerdae BioWorks Awarded Grant to Produce a New Class of Biodegradable Bioplastics From Waste-derived Methanol
EDMONTON, Alberta and WILTON, UK
TerraVerdae BioWorks, an industrial biotechnology company developing advanced bioplastics and environmentally sustainable biomaterials, today announced that it has been awarded a strategic grant under the Technology Strategy Board competition for Manufacturing High Value Chemicals through Industrial Biotechnology. This award will support TerraVerdae’s efforts to scale-up the company’s industrial bioprocess for production of polyhydroxyalkanoate (PHA) based biodegradable plastics.
This project is supported through TerraVerdae’s collaboration with The Centre for Process Innovation (CPI), the UK’s premier industrial bioprocess development and technology innovation center. The project will also support product development partnerships with key industry collaborators.
“We are very pleased to receive the support of the Technology Strategy Board through this award”, said William Bardosh, CEO of TerraVerdae. “It recognizes the importance of TerraVerdae’s technology approach in developing a unique alternative to petroleum-based plastics from sustainable, non-food based sources.”
Commercial development and deployment of TerraVerdae’s next-generation biobased materials provide key economic, resource security, and environmental benefits. Biodegradable plastic from waste creates a unique cradle-to-cradle value proposition for landfill waste, biomass residues and industrial wastes.
The Technology Strategy Board is the UK’s national innovation agency with the goal to accelerate economic growth by stimulating and supporting business-led innovation and to ensure UK’s is a global leadership. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit: http://www.innovateuk.org
The Centre for Process Innovation (CPI) is a national technology innovation centre offering market and technology expertise along with cutting-edge development assets to help its public and private sector clients build and prototype the next generation of products, processes and services quickly and efficiently, and with minimal risk. For more information please visit: http://www.uk-cpi.com
About TerraVerdae BioWorks
TerraVerdae BioWorks develops biodegradable bioplastics, biobased chemicals, and bioactives from environmentally sustainable, single carbon (C1) feedstocks. TerraVerdae’s industrial biorefinery platform combines systems biology, bioprocess engineering, and polymer chemistry capabilities to produce high-value, performance biomaterials. These products have applications in the agriculture/horticulture, personal care, dietary supplement, and associated markets. TerraVerdae’s synthetic biology platform and proprietary genetic tools have developed biobased products and challenging proteins for companies and institutes worldwide.
TerraVerdae BioWorks is headquartered in Canada with operations in the US and the UK.
For more details, please contact us.