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Lactips, a French company specializing in water-soluble plastics from the milk protein casein, plans to build a plant in Saint-Paul-en-Jarez, France, a former coal mining region. The facility is expected to produce 3,000 metric tons of pellets per year—double the firm’s current capacity—when it opens in 2021. Earlier this year, Lactips raised $14 million in venture capital from investors including Mitsubishi Chemical Holdings.
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