The French company Lactips, a manufacturer of water-soluble, bio-based thermoplastic materials, has two new investors. The SPI Fund of Bpifrance and Diamond Edge Ventures are providing the company with 13 million euros for future growth.
„More than ever, our industry needs new solutions to respond to the future economic challenges associated with the goal of reducing the environmental impact of plastics. Since our company was founded, we have successfully demonstrated that our innovative material can cover a wide range of applications. This support will enable us to move quickly into the production phase. And at the same time continue the development of the environmentally friendly plastic,“ explains Marie-Hélène Gramatikoff, CEO and co-founder of Lactips.
Driving forward the development of innovative films
The investors are the SPI Fund (Société de Projet Industriel) of Bpifrance, which is managed on behalf of the French government as part of the Investments for the Future (PIA) programme, and Diamond Edge Ventures (DEV), the innovation arm of Mitsubishi Chemical Holdings Corporation (MCHC).
With the new capital, Lactips now has the necessary financial resources to continue the development of its innovative and innovative products. bio-based, biodegradable and water-soluble films to push ahead. These represent an alternative for numerous industrial plastics.
The films are made from thermoplastic, water-soluble and biodegradable granules based on milk proteins manufactured.
Cleaning tabs dissolve completely
The films produced with the materials from Lactips have a excellent decomposition behaviour. This makes them particularly suitable as Packaging material for the detergent and cleaning agent industry. Lactips has already launched a plastic-free and water-soluble solution for dishwashing tabs and dishwashing powder in individual cans.
The big advantage: the water-soluble packaging film leaves no sticky residue after the dishwashing cycle and does not stick to the detergent compartment. It is also 100 per cent bio-based and plastic-free.
As Lactips products are edible, they could also be used in numerous Applications in the food industry can be used.
Source: Lactips
