Biome Technologies PLC on Monday announced that its bioplastics division has been awarded UK funding of £244,000.
Biome are a Southampton-based plastic material and resin manufacturing company.
The funding was awarded by the UK government’s Innovate UK scheme to support a collaborative development with South Korean company ANPOLY Inc to improve shelf life performance of food packaging made from Biome’s bioplastics.
ANPOLY is a spin out from Korean university, POSTECH, with advanced technology to produce celllulose nano-fibres.
Biome said the use of cellulose nan-fibres can offer similar performance to the more commonly used fossil-based additives but with greater sustainable credentials.
It is expected that products derived from this collaboration will be commercialised after product completion.
The project will have a total investment of £794,000 and will begin in October 2022, lasting two years.
Chief Executive Paul Mines said: ‘We believe these could represent an important addition to the business’s product range in due course and will bring benefits to manufacturers, consumers and the environment.’
Biome shares closed 1.1% lower at 178.00 pence each in London on Monday.
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