Biomaterial to replace oil-based plastics and composites
Is it possible to manufacture a car from light, durable biomaterial that would significantly reduce fuel consumption and make the car recyclable or compostable at the end of its useful life? Arctic Biomaterials manufactures bio-based plastics and composites that provide opportunities for new innovative solutions. The materials can help reduce the product's carbon footprint by up to 80% and cut dependency on non-renewable raw materials.
The manufacture of plastics and composites requires non-renewable, fossil-based raw materials. At the end of their life cycle, pure plastics can be recycled, but nevertheless plastics and composites are usually destined for incinerators. Plastics and composites are durable, multipurpose materials. For example, they can be used to make vehicles and machines lighter, which reduces fuel consumption. The replacement of plastics and composites with bio-based materials is a challenging task, since bio-materials do not generally tolerate high processing temperatures.
Solution: biomaterial to replace oil-based plastics and composites
Arctic Biomaterials has developed an environmentally friendly alternative for demanding technical applications. The company manufactures bio-based plastic from lactic acid polymers and additives as well as a bio-composite, which is available in granular form. The formula varies slightly depending on the intended application and can tolerate processing temperatures of up to 165 °C. Compared to oil-based products, the carbon footprint can be reduced by as much as 60 to 80 per cent. The bio-composite is compostable or can be broken down into lactic acids and reused as raw material.
Revenue logic and benefits to Arctic Biomaterials
The company’s revenue comes from the sale of bio-plastics intended for technical and medical applications. The sale of material instead of finished products is the best alternative for the company, as applications vary.
Benefits to customers
Many companies are aiming to reduce their dependency on fossil-based raw materials and cut down the carbon footprint of their products, and Arctic Biomaterials provides a solution for this aim. Customers can also capitalise on the responsibility aspect in their marketing activities.
Arctic Biomaterials in a nutshell
Main business: manufacturing
Net sales: less than €1 million
Launch of the circular economy solution: commercial launch in 2016
Share of the circular economy solution of the total business: 100%