Saturday, March 25, 2023
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Investment

Japanese Sustainable Materials Startup Wins Investment From South Korea’s SK Group

GrR by GrR
July 2, 2021
in Investment
0
Japanese Sustainable Materials Startup Wins Investment From South Korea’s SK Group
59
SHARES
258
VIEWS
Share on FacebookShare on Twitter


By Fabiana Negrin Ochoa

South Korean conglomerate SK Group is investing $123 million in Japanese startup TBM with the aim of jointly producing a biodegradable material that could serve as a sustainable alternative to plastic and paper.

TBM said Friday that an investment vehicle of SK Group companies would acquire a 10% stake in the firm. The companies will attempt to use SK Group technology to turn TBM’s core material, Limex, into a biodegradable product, TBM told Dow Jones Newswires.

If they succeed, it could “be a breakthrough” because the material would be very cost-competitive compared with conventional biodegradable plastic since it uses inexpensive and abundantly available limestone as its main raw material, TBM said in a statement.

Limex can be used to produce anything from shopping bags and food containers to stickers and posters, using far fewer resources like petroleum, wood or water than conventional plastic and paper. TBM says more than 6,000 companies and municipalities in Japan use the product.

With the new tie-up, TBM hopes to tap growing demand for plastic resin, a global market that it says is poised to reached more than $520 billion by 2027.

SK Group, which has businesses in segments ranging from telecoms to energy, has been pushing to become a key player in the sustainable materials sector. Last month, an SK unit paid about $56.5 million for a 10% stake in Canada-based Loop Industries, which says it has developed technology to create “infinitely recyclable” plastic. The companies plan to jointly build four plastic-recycling plants across Asia.

Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com



Source link

Previous Post

Why Crozet: Sweet Family Business Remains Fruitful into Second Century

Next Post

Medieval climate change impact on Caerlaverock Castle examined – BBC News

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post
Medieval climate change impact on Caerlaverock Castle examined – BBC News

Medieval climate change impact on Caerlaverock Castle examined - BBC News

  • Trending
  • Comments
  • Latest
Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021
Repsol starts marketing debut sustainability-linked bond sale

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021
Sustainability Ambitions Soaring at KCI

Sustainability Ambitions Soaring at KCI

December 6, 2021
Chris Pratt explains where the White Spikes originated

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022
Immune system insights and Thai climate calculator: News from the College | Imperial News

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022
Immune system insights and Thai climate calculator: News from the College | Imperial News

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

What’s With A24’s Religious Obsession?

August 12, 2022
Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022
EU ban on Russian coal enters into force

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter