Billions of dollars in investments are pouring into companies changing the recipe for plastic.
Kevin Welsh holds up PHA pellets at the Danimer Scientific plant on Wednesday, Aug. 3, 2022 in Winchester, Ky. Companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely composted or can biodegrade under the right conditions. Danimer Scientific is one of the companies making a big bet on bioplastic with its expansion of a plant.
Since large-scale production began in the 1950s, fossil fuel plastics have made food safer to consume and vehicles safer to drive, for example. Yet plastics are seen as one of the world’s leading environmental threats with its production responsible for emitting million tons of greenhouse gases each year.Of the 9 billion tons of fossil fuel plastic produced since the 1950s, only 9% percent has been recycled, studies have shown.
Zion Market Research estimates the bioplastics market will surge from $10.5 billion in 2021 to some $29 billion in 2028.Danimer Scientific is one company making a big bet on bioplastic with a recent expansion of its plant in Winchester, Kentucky, The Georgia-based firm makes a bioplastic called PHA using microorganisms that ferment with canola oil.
One of the criticisms of bioplastic made with corn and sugar is that it uses arable land on a hungry planet. Ford called that concern unfounded. NatureWorks uses sugar extracted from corn while the rest of the kernels are used to produce sweeteners, ethanol, cooking oils and livestock feed. Ramani Narayan, a professor of chemical engineering at Michigan State University, has worked with Cargill in the past to help with PLA production.
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