Swedish bioplastics manufacturer Gaia Biomaterials has successfully concluded a $5 million rights issue. The rights issue is backed by the Swedish state-owned greentech venture capital fund Almi Invest Greentech, and private international and domestic investors. Funds will be used to expand market penetration in the United States, India, and other targeted markets.
Gaia Biomaterials is unique as the company’s home-compostable material, Biodolomer, is based on limestone, one of the most commonly available minerals on earth. Biodolomer can replace fossil plastic in everything from drinking cups to grocery bags. It is fully compostable with a minimal carbon footprint and does not result in any micro-plastics during the composting process,
“We have a revolutionary and proprietary technology, we have the production capacity, and we have done our market testing,” says Peter Stenström, CEO.
“Now, the time has come to expand our market presence. We will use our funds to expand our global network of commercial agents and train and support them.”
One of the key investors is the Swedish state-owned greentech venture capital fund, Almi Invest Greentech.
“We look for great commercial and environmental potential combined” says investment manager Jörgen Bodin. “Although we look at about 300 companies yearly we only invest in a handful”
“Gaia Biomaterials has a proven track record of living up to its promises. Their product has an enormous potential as it is both climate-positive and will reduce waste and microplastics.”
Gaia’s material was recently used in beer cups for the Formula 1 final in Abu Dhabi. It is also used in a variety of disposable products to replace fossil plastic, from health-care aprons to drinking straws, food containers, and planting pots.
“There are very few limits,” Stenström continues. Our material can be used in various production techniques, including film blowing, bottle blowing, thermoforming, injection, and extrusion coating, with no changes in machinery. This makes it easy for brand owners to drastically reduce their CO2 emissions and reduce the waste mountain problem.
Today, Gaia has a production capacity that can be scaled up to 50,000 tons/year within the existing structure.
“The need for plastic replacement is recognized globally, and we are witnessing tremendous interest in our offerings. Responding to the high demand from brand owners, we are currently expanding our network of commercial agents worldwide.”
IndiFoodBev — authentic, impactful and influential
An English-language food and beverage processing and packaging industry B2B platform in print and web, IndiFoodBev is in its third year of publication. It is said that the Indian food and beverage industries represent approximately US$ 900 billion in revenues which implies more than 20% of the country’s GDP. Eliminating the wastage on the farmside can help to deliver more protein to a higher number of the population apart from generating sizable exports. The savings in soil, seeds, water, fertilizer, energy and ultimately food and nutrition could be the most immense contribution that country is poised to make to the moderation of climate change.
To improve your marketing and grow sales to the food and beverage processing and packaging industry, talk to us. Our research and consulting company IppStar [www.ippstar.org] can assess your potential and addressable markets in light of the competition. We can discuss marketing, communication, and sales strategies for market entry and growth.
Suppliers and service providers with a strategy and budget for targeted marketing can discuss using our hybrid print, web, video, and social media channels to create brand recognition linked to market relevance. Our technical writers are ready to meet you and your customers for content.
The second largest producer of fruit and vegetables in the world is continuously expanding processing capacities and delivery systems with appropriate innovative technologies. We cover product and consumer trends, nutrition, processing, research, equipment and packaging from farm to thali. Get our 2025 media kit and recalibrate your role in this dynamic market. Enhance your visibility and relevance to existing markets and turn potential customers into conversations. Ask for a sample copy of our bi-monthly in print or our weekly IndiFoodBev eZine each Wednesday.
For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in
Naresh Khanna – 10 February 2025
Subscribe Now
