Polymateria

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.

A partnership was formed between Polymateria Ltd., fiber producer FiberVisions Corp., and spunlaid nonwovens manufacturer Avgol India Pvt. Ltd. (both part of Indorama Ventures) to commercially harness Polymateria's biotransformation technology for disposable products.

Indorama Ventures' fiber producer FiberVisions and spunlaid nonwoven manufacturer Avgol have partnered with Polymateria to commercially harness biotransformation technology for polyolefin fibers and nonwoven fabrics, targeting applications including personal protection masks and hygiene products.

FiberVisions and Avgol, both part of Indorama Ventures, partnered with Polymateria to commercialize biotransformation technology for biodegradable polyolefin fibers and nonwovens. The focus is on products for masks, hygiene, agricultural, industrial, and homecare applications.