TerraVerdae Expands its Elastomeric PHA Biomaterials Portfolio by Strategic Partnership with PolyFerm Canada
TerraVerdae BioWorks, an industrial biotechnology company developing advanced bioplastics and environmentally sustainable biomaterials, today announced that it has entered into a strategic partnership agreement with PolyFerm Canada, a Canadian biopolymer company focused on developing renewable & biodegradable alternatives to petrochemical-based elastomers. This partnership expands TerraVerdae’s product and technology portfolio into the high growth market of biodegradable thermoelastomers.
PolyFerm has developed the only line of biodegradable thermoelastomers in the industry made entirely from renewable feedstocks. This addresses a large unmet need within the biopolymer industry, with applications for adhesives and sealants, plastic additives, inks and toners, paints and coatings, and medical devices.
“This strategic partnership allows us to offer our customers the most comprehensive product portfolio of high-value biodegradable polymers and opens up significant opportunities in new, high-growth markets,” said William Bardosh, CEO and founder of TerraVerdae BioWorks. “Linking TerraVerdae’s and PolyFerm’s collective capabilities and technologies significantly enhances our market position and our ability to bring innovative, performance-based and environmentally sound products to market.”
“With TerraVerdae, we have found an ideal partner to help us penetrate new markets with our high-performance polymer and elastomer products,” said Bruce Ramsay, Founder and Chief Technical Officer of PolyFerm Canada. “TerraVerdae’s demonstrated ability to scale up complex bioprocesses to meet the performance specifications demanded by industry is a great fit with our technology.”
Elastomeric PHAs represent one of the most versatile classes of engineered materials for a number of commercial uses. These biodegradable materials combine the look, feel and elasticity of conventional thermoset rubber with improved processing efficiencies and are capable of withstanding large deformations while regaining their original shape. They also exhibit unique performance characteristics such as toughness, resilience, stretchability, and stiffness.
TerraVerdae BioWorks is headquartered in Canada with operations in the US and the UK. http://www.terraverdae.com.
January 14, 2016
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