Plastic from plants
Plantic Technologies and Visy Industries have entered an agreement to develop and commercialise new technology based on Plantic 'plastic from plants'.
Invented in Australia, Plantic is a new plastic that disperses rapidly on contact with water and is biodegradable.
The Plantic polymer will be used by Visy Industries in its portfolio of food and beverage packaging. The result will be plastic containers which use less plastic and have improved recycling properties.
The CEO of Plantic Technologies, David MacInnes, said, "The strategic alliance is an exciting development in the growth of Plantic. Since our beginnings in June 2002, we have commercialised rigid thermoforming trays in Australia with customers like Cadbury Schweppes and expanded our operations into Europe. Now, with the support of shareholders and strategic partners, we have commenced the development of new products and applications which will further expand the market potential for our products."
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