There is an increasing trend towards replacing conventional fossil-based plastics with bioplastics. Even though the cost to manufacture these bioplastics continues to go fall, the volumes of bio-based plastics produced are still very low compared to fossil based plastics. Improving the properties of bioplastics was considered as a key route to promote the exploitation of new end-use applications. In general, the main challenge in the industry is to help the global economy become more environmentally sustainable:
- Less than 7% of plastic is recycled. 95% of the value of plastic packaging material, worth €79.5 €113.9 billion annually, is lost to the economy.
- Biodegradable plastics only make up approximately 0.2% of plastics produced in 20143. All other plastics end up polluting or needing to be recycled.
- Despite efforts to develop PLA specialty grades with superior properties, all the developments carried out have led to a decrease in PLA transparency, flexibility and biodegradability. In addition, they are not yet approved to be used in food packaging.
- There is worldwide demand for more efficient products to reduce energy, resource consumption and dependency on limited fossil resources. The plastic industry takes up roughly 8% of oil production.
Our company, ADBIOCOMPOSITES, has developed an innovative, biodegradable PLA grade named BlockPLA which has enhanced technical properties: oxygen and water vapour barrier, thermal stability, transparency and flexibility. BlockPLA solves the drawbacks that Polylactic Acid currently shows for packaging applications. In addition, BlockPLA has already been protected internationally and ADBIOCOMPOSITES has the exclusive exploitation licence. BlockPLA provides an innovative solution for today's major sustainability challenges.
The main action of the Phase I project is to develop a feasibility study on the potential introduction of this new technology in the market, including a technical feasibility study, stakeholder assessment, market study, and the elaboration of a business plan.