Invista to invest in PLA start-up
29/07/2015
Plaxica is a technology licencing company founded in 2008 as a spin-off from Imperial College, London. It has developed a chemical technology to produce low-cost lactic acid from non-food based sugars, including those from industrial waste streams, with a particular focus on hemicellulose by-products from the paper and pulp industry.
Under the agreement Invista will provide Plaxica with engineering, technical and commercial support. It will also have an option to acquire a stake in Plaxica. The two companies will work together to develop and commercialise Plaxica’s lactic acid technology to customers in the polylactic acid and bio-propylene glycol value chains.
Possible applications range from more sustainable yarns for apparel to feedstock material for 3D printers.