The Company is now undertaking detailed experimental trials with academic partners to further enhance and validate its technology ahead of anticipated commercial rollout in 2022, meanwhile a provisional patent has been filed.
Over 360 million tons of plastic waste are now produced annually, with only 9% of that being recycled. By current estimates, the mass of plastic in the oceans will equal the mass of all fish species combined by 2050. This ecological disaster is an urgent concern, and CTK Bio Canada is aiming to replace conventional plastic used for packaging with a safer, more sustainable alternative.
Bioplastics currently account for only 1% of global plastic production, and much of this requires specialized composting facilities in order to break them down. High costs, issues with mechanical properties, and poor long-term stability have also limited the broader commercial uptake of bioplastics.
Now, CTK Bio Canada believes they have found a solution. ...
