Ecovative plans to expand its Mushroom Packaging business to Asia as the continent is the world's biggest hub for manufacturing and packaging.
Ecovative's chief executive officer, Eben Bayer, said the company is presently looking to launch Mushroom Packaging in Thailand and throughout Asia. It is seeking a market leader with expertise in sales, distribution, marketing and production of protective packaging to team up with so as to launch this green technology.
He added that the company's business development team is open to different options, but there is a preference to licence the technology to a qualified partner with expertise in manufacturing, sales and distribution of protective packaging.
"We are also developing new uses for this material, including building insulation, ceiling tiles, automotive components and more. In the future, a packaging facility could be expanded to serve other markets as well," said Bayer.
Mushroom Packaging can be tuned in to replace a wide variety of protective packaging products, including expanded polystyrene (EPS, also known as Styrofoam), expanded polypropylene (EPP), expanded polyethelene (EPE), moulded pulp and more.
"In general, Mushroom Packaging has comparable performance for the same price and is far more environmentally responsible. Any company that is using protective packaging would be a good target customer. This includes electronics, furniture, appliances, toys, industrial components, and more," said Bayer.
Ecovative has demonstrated great success launching Mushroom Packaging in the United States, and then licensing the technology to Sealed Air Corporation. In North America, Mushroom Packaging is now being sold to Fortune 500 companies in industries ranging from high-tech electronics to high-end furniture.
"Now that we have proved ourselves in the market and the production process in the United States, we are seeking qualified partners to licence the technology and launch it throughout Asia. "We are actively seeking partners. There is no launch date set for Mushroom Packaging in Asia, but currently there is strong demand," said Bayer.
Bayer pointed out that Mushroom Packaging offers high performance protection at a competitive cost. Mushroom Packaging offers a green, biobased, home-compostable alternative that consumers are looking for. Mushroom Packaging is made from regionally sourced agricultural wastes such as rice husks. This can provide an additional revenue stream for local farmers, and saves petrochemicals for use as fuels or for critical medical devices.
Moreover, the company presently has a development focus on building materials including insulation board and ceiling tiles, automotive components, and replacements for engineered wood and particleboard. There are active development projects with a number of industry leaders in progress at this time. No commercial launch dates have been announced at this time.
Ecovative has grown quickly over the past five years since the material was first developed. In 2009, Mushroom Packaging was launched from Ecovative's first prototype production facility. Ecovative is now operating a much larger flagship production facility, with plans to build several more throughout North America starting later this year.
Ecovative has an interdisciplinary team of about 20 biologists, mycologists, chemists, engineers and designers working to develop new materials, new applications and new methods of production. They are working within Ecovative's principles of environmental sustainability to produce new materials that are stronger, lighter and perform better for a variety of applications from packaging to building materials.
"Ultimately, we measure our success not just in innovation, but in the amount of positive environmental impact we are able to profitably bring to the world, and how much plastic we are able to replace," said Bayer.
Latest stories in this category
- AIS to power more start-ups
- Company will provide marketing and funding..
- Oracle cloud apps - right ingredients baked in
- Eco-packaging firm seeks to wrap up Asia
We Recommend
- Nok Air calendar "inappropriate"
- Culture Permanent Secretary Prisana..
- Cops demand money from shopowner in front of..
- Porn Industry takes centre stage at Berlin film..
Comments conditions
Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.
Article source: http://www.thethailandlinks.com/2013/02/12/eco-packaging-firm-seeks-to-wrap-up-asia/
0 comments:
Post a Comment