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Billions of dollars in investments are pouring into companies changing the recipe for plastic. Plastics are typically made with natural gas or crude oil as its basic carbon building block.
Data from i3 Connect show investment in bioplastic manufacturing reached $500 million in the first three months of 2022, exceeding the previous high of $350 million in the last quarter of 2021.
CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely composted or can biodegrade under the right conditions.Bioplastics have
In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely composted or can biodegrade under the right conditions. Bioplastics have long been…
As countless tons of plastics pile up in landfills and pollute waterways, investors are pushing billions of dollars toward innovative bioplastics, made from corn, sugar, and cooking oil, which biodegrade far more easily than traditional plastics.