Citroniq Chemicals, a leading producer of carbon-negative materials, has successfully closed a $12 million Series A funding round. This investment will drive the development and construction of Citroniq’s first plant in Nebraska, aiming to create the world’s largest decarbonization platform for the plastics industry.
Citroniq Chemicals LLC, a leader in carbon-negative materials, has secured $12 million in Series A funding led by a multinational energy technology company and Lummus Technology Ventures. This investment will accelerate the construction of Citroniq’s first plant in Nebraska, which will produce bio-polypropylene, capturing and avoiding 2 million metric tons of greenhouse gas emissions annually.
The global bioplastics for agribusiness market is experiencing significant growth driven by increasing demand for eco-friendly and sustainable packaging solutions. This report explores the market trends, challenges, and opportunities for bioplastics in agriculture, highlighting their potential to reduce environmental impact and promote sustainable farming practices.
The global flexible packaging market is projected to experience significant growth from 2024 to 2028, driven by rising demand for lightweight, convenient, and economical packaging solutions. This growth is being fueled by a shift towards sustainable practices, with companies focusing on reducing their carbon footprint and utilizing eco-friendly materials like bioplastics. The market is expected to reach millions of tonnes in production volume, with a focus on extending product shelf life and ensuring product protection across various sectors, including food and beverages, pharmaceuticals, and cosmetics.
Ohio Hemp Company and Heartland Industries have joined forces to cultivate hemp fiber for the production of automotive parts and other bioplastics. This partnership leverages the legalization of hemp in Ohio and the expertise of both companies in sustainable manufacturing.
