Invest in a technology that promises to enable the manufacture of less expensive, biodegradable and compostable plastic productsThe Business
The Company has developed a trade secret additive that, when added to existing PLA and PHA resins, enables the end cost of compounds used in the manufacture of plastic products to be less expensive, biodegradable and compostable. The proprietary additive enables PLA and PHA resins to meet price points and achieve performance standards required by industries to shift to a more environmentally friendly plastic. The additive has broad market applications. An existing customer has completed product development and testing using the additive, has provided samples to distributors, and is negotiating long-term supply contracts that could lead to sales of both the additive and resins that incorporate the additive.
Market
The Company’s owner has invested $2m over six years for research and development, and to provide the additive to a product manufacturer and a resin manufacturing company over the past two years to prove product capabilities and market potential. The financial crisis caused the inventor/owner to shut down operations while two partner companies completed final R&D.
The Company is seeking $1.5 million to restart additive manufacturing and compounding (mixing and blending) operations to accelerate compound formulation development to produce more plastic products in a variety of industries.
Sector: PlasticsSegment: AdditivesRegion: North AmericaFinancing Size: $1m to $5mContact: Reid Erickson
Company: Beneri International CorporationTelephone: +1 276 322 4353Email: [email protected]