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Polymers

Polyhydroxyalkanoate start-up RWDC raises $135 million

by Melody M. Bomgardner
May 8, 2020 | APPEARED IN VOLUME 98, ISSUE 18

 

RWDC Industries, based in Singapore, has raised $133 million from Vickers Venture Partners, Flint Hills Resources, and other backers to expand production of polyhydroxyalkanoate polymers. RWDC makes PHA primarily from used cooking oil; it can also be made from plant sugars. Because the polymer biodegrades in soil, water, and marine conditions, it is ideal for single-use plastic products, the company says. RWDC will use the funds to repurpose an idle facility in Athens, Georgia, to make PHA.

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