Global Sciences Buys Pure BioPlastics
Global Sciences, a Canadian multinational consumer goods company that also specializes in cannabidiol (CBD) products, has executed a binding letter of intent to buy Pure BioPlastics from Pure Vision Technology. The move follows six months of due diligence and discovery between the companies.
Following the transaction’s closure, which is expected on or before Apr. 15, Global Sciences will create a Bio-based Technologies division, headed by Pure BioPlastics founder Ed Lehrburger.
Based in Fort Lupton, Colorado, Pure BioPlastics was initially established to scale up PureVision’s patented continuous countercurrent reactor (CCR) technology that converts non-food biomass such as hemp, corn stalks, switchgrass and wheat straw into pulp, lignin and sugars.
The technology has been proven at pilot-scale and Global Sciences plans to fund the scale-up of processing capability from 0.5 t/d to 8 t/d within 16-24 months. Ultimately, the firm intends to develop a 60 t/d CCR-based biorefinery, capable of future expansion.
Because the bio-based plastic created by the technology is 100% sourced from plant material, the composition of the principal product can be manipulated to control the timeline of the plastic degradation, Global Sciences said, adding that this characteristic would support a wide variety of “designer” biodegradable products, including straws, lids and plastic components for cars and aircraft.
Author: Elaine Burridge, Freelance Journalist
