Novomer funnels carbon dioxide into plastics, nabs $14M
Novomer, a polymer company with disruptive potential, has made catalysts capable of transforming carbon dioxide and carbon monoxide into plastics and marketable chemicals — and now it’s raised $14 million in a second round of venture funding to scale its technology. Based in Boston, Mass., the company, which relies on an extensive patent estate, is one of a very small handful of firms racing to create biodegradable plastics.
Turning carbon gases into feedstock for profitable chemical… Continue Reading
Novomer, an eco-friendly plastic maker, raises $6.6M
updated
Just as cars guzzle oil and spew out carbon dioxide, so does plastic manufacturing. Worse, landfills are overflowing with plastics that won’t degrade for hundreds of years, and harmful chemicals from some plastics threaten living organisms or eat away at the ozone layer.
Quite a few companies are working on, or already offer, plastics with safer properties. For example, some newer plastics are made from organic materials like sugar, biodegradable within weeks, or safe for animals… Continue Reading