CTK Bio Canada (the “Company”) has developed a new bioplastic resin designed to biodegrade by both industrial and home composting, as well as in unmanaged environments like soil and seawater, in order to reduce microplastic pollution. The Company is now undertaking detailed experimental trials with academic partners to further enhance and validate its technology ahead of anticipated commercial rollout in 2022, meanwhile a provisional patent has been filed.
Over 360 million tons of plastic waste are now produced annually, with only 9% of that being recycled. By current estimates, the mass of plastic in the oceans will equal the mass of all fish species combined by 2050. This ecological disaster is an urgent concern, and CTK Bio Canada is aiming to replace conventional plastic used for packaging with a safer, more sustainable alternative.
Bioplastics currently account for only 1% of global plastic production, and much of this requires specialized composting ...
