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INDUSTRY NEWS



23 May 2022


BIOTECH START UP SECURES FUNDS FOR COMPOSTABLE PACKAGING

Shellworks' new material, Vivomer, uses bacterially derived components that are
cultivated via a fermentation process. Vivomer packaging can either be reused or
composted.

The innovative biotech start up, Shellworks, has raised $6.2 million in funding
led by UK-based venture capital firm LocalGlobe. 

The firm will use the funds to scale its technology and grow commercially to
reduce single-use plastic starting with the beauty industry. Around 120 billion
plastic units are created per year by the industry.

The company’s new material, Vivomer, uses bacterially derived components that
are cultivated via a fermentation process. Vivomer packaging can either be
reused or composted. On average, it takes around a year for it to break down. 

The team overseas operations to ensure no unsustainable dyes or resins are added
to the products. The attention to detail extends to the design of the packaging
so that it could appeal to both conscious and luxury brands. Shellworks
customers currently include BYBI, Liha and Sana Jardin with more brands set to
be announced later this year. 

While Shellworks is predominantly focused on the beauty industry, it is studying
ways its packaging can apply to other sectors such as cleaning products. 

Insiya Jafferjee, co-founder and CEO at Shellworks, said: “Our vision is to
break the reliance on the petroleum industry by building a new standard of
packaging that is performant, cost-competitive and truly sustainable.

“We work at the intersection of two ecosystems, the natural and the commercial,
and we’re constantly trying to play a meaningful, connected and consistent role
in both. The beauty industry creates 120 billion units of plastic packaging
annually and we’re committed to providing a scalable solution to tackle this and
we’re incredibly grateful that we’ve identified a group of investors who share
this vision.”

Ferdi Sigona, partner at LocalGlobe, said: “We’re delighted to be backing
Insiya, Amir and the rest of the Shellworks team, as they bring the science,
creativity and lightning speed we’re used to in tech environments to the world
of materials and packaging. 

“It’s been amazing to hear their customers rave about the products they’ve
already created, and all of us at LocalGlobe are looking forward to seeing them
build an iconic materials house to end plastic waste.”

 




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EUROPE: 9-10 November 2022
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