Edible seaweed-based packaging, dissolvable polyvinyl alcohol grocery bag, bioplastic from apple and orange waste, Levi’s cottonized hemp, biobased composite car seat, and more: The Digest’s Top 10 Innovations for the week of March 28th

#10 Biopolymers investment aimed at revitalizing local economy

In New Orleans, Advantage Capital has invested $6.5 million in Danimer Scientific, a producer of biobased polymers. Danimer plans on using the money to increase capacity and jobs at its Bainbridge, GA facility.

Advantage Capital provides financing to established and emerging companies located in communities underserved by conventional sources of capital. The Danimer investment is Advantage Capital’s first investment through the Georgia Agribusiness and Rural Jobs Act (GARJA) program, which was designed to bring private capital to rural Georgia. GARJA capital served to anchor a larger $11 million cumulative financing, with the balance provided by an affiliate of People Incorporated of Virginia, a community action agency serving the southeast United States.

Danimer’s Nodax PHA possesses seven TUV AUSTRIA certifications and statements of industrial and home compostability; is biodegradable in anaerobic, soil, fresh water and marine environments; and is 100% biobased.
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