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Alternative Energy - Thursday, December 20, 2007

Dutch Giant DSM Invests In Green Plastics Firm Novomer

Plastics used to package all this Christmas presents are a problem. First they are generally made from petroleum which is of course expensive and its not bio-degradable. Cornell University spin-off Novomer has come up with a means to make biodegradable plastics from carbon dioxide and carbon monoxide, which are bio-degradable but the challenge is how do you create plastic from these elements without requiring a lot of energy. Novomer has found a metals-based catalyst that can create plastic with low energy and costs.

In November it raised $6.6M from Physic Ventures and Flagship Ventures. Now it has announced that a third (and strategic) investor took part in that round - The Netherlands' DSM which is big enough to use Novomer's plastics technology across a range of goods.

Novomer joins other green plastics makers including Cereplast and Metabolix.

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