# Polymateria signs $100M licensing deal with Formosa Plastics

Polymateria Ltd. has inked a deal worth up to $100 million to license its biodegradable plastic technology to Taiwan's Formosa Plastics Corp. The company also struck a deal with a supplier to 7-Eleven in Taiwan.

- Type: Contract
- Announced: 2021-09-23
- Where: TWN
- Value: $100.0M
- Status: announced
- Products: biodegradable plastic technology
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Polymateria](https://endata.com/companies/54590.md)
- [Formosa Plastics Group](https://endata.com/companies/22388.md) (customer)

## Sources

- [energyconnects.com](https://www.energyconnects.com/news/renewables/2021/september/british-startup-turning-plastic-waste-into-wax-wins-fans-in-asia/), 2021-09-23: "The company has also inked a deal worth as much as $100 million to license its technology to Taiwan’s Formosa Plastics Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.