Biotech rubber in the works
15/11/2024
“Natural rubber is a critical raw material, found in countless products we use daily. It represents a $40 billion market and yet, half of the world’s supply relies on petrochemicals, and the other half on Hevea rubber trees, responsible for massive deforestation. The need for a sustainable, resilient alternative has never been more urgent,” stated Mathieu Nohet, baCta CEO and founder, in a LinkedIn post.
The new funds will allow the company to expand its team of scientists and scale up its production capabilities.