Paques Biomaterials lands $15M investment for biopolymer production

In the Netherlands, Paques Biomaterials recently raised €14 million to produce a biopolymer with the advantages of plastic but not the disadvantages. Among the investors are impact investor Invest-NL and the NOM. Part of this investment round also includes a grant from Energiefonds Drenthe.

Over a decade ago, in collaboration with Delft University of Technology, the development of this biopolymer from wastewater started within the Paques company in Balk. Three years ago, the technology was transferred to Paques Biomaterials. The capital raised in this funding round will allow us to scale up by building a Caleyda Extraction Facility in Emmen, where raw PHA will be extracted into a high-quality biopolymer branded Caleyda®. Caleyda® can be used for a wide range of applications, mainly because the product is 100% biodegradable in any natural environment without leaving behind harmful microplastics.