SOLVING THE PROBLEM OF UN-RECYCLABLE PLASTICS
CAUSE
PROSPER SUSTAINABLY
DEAL DATE
APRIL 2023 (SERIES B)
Polymateria’s biotransformation technology safely returns commonly polluted plastic items to nature without leaving any microplastics or toxic residue.
Polymateria scientists have created a proprietary technology that can break down plastics safely if they escape into the environment. This technology is time controlled, meaning the product’s service life can tailored to enable maximum opportunity or the packaging to be recycled.
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MAKING FUGITIVE PLASTICS BIODEGRADE SAFELY
Polymateria was jointly developed with Imperial College London by Jonathan Sieff and Lee Davy Martin. Founded in 2015, the Company has developed a patented technology to tackle the issue of fugitive plastic (the c. 32% of all plastic packaging that ends up in the natural environment)
Polymateria’s technology is incorporated at the point of manufacture, and allows fugitive plastic to biodegrade safely, in the open environment, leaving zero micro plastics behind.
"Before Polymateria, Polyolefins were not biodegradable, and as a result a verification process for biodegradation of this plastic did not exist."
THE DEAL
THE CRAFTORY PARTNERED WITH Indorama Ventures and ABC IMPACT for thiS $20MM SERIES B.
Proceeds from the funding round will be used to accelerate commercialisation of Polymateria’s biotransformation technology on a global scale. The company intends to both increase penetration into existing markets and expand into new markets where fugitive plastic pollution is most acute, including developing further in Asia. Polymateria also plans to boost its R&D capabilities by investing into its in-house laboratory at Imperial College London.
MORE POLYMATERIA
Polymateria aims to utilise scientific advancements to address the issue of plastic pollution.
Established at Imperial College London, the company has become the first entity to demonstrate, through scientific evidence, that the most prevalent sources of unmanaged plastic waste can be returned to nature without generating microplastics, negatively impacting the ecosystem or disrupting recycling processes on a large scale.
As a result of its efforts to promote circularity and combat plastic pollution, Polymateria was honoured as a World Economic Forum Tech Pioneer in 2021.
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