StockMarketWire.com - Biome Technologies, bioplastics and radio frequency technology business, said Thursday it had been awarded a further £0.6m of grant funding from Innovate UK to support a project focused on pilot-scale production of a 'novel' bioplastic building block.

This two-year, £0.8m project in collaboration with the University of Nottingham would use a 'robust, metabolically diverse organism (Cupriavidus necator) in a contained environment to produce PDCA at pilot-scale,' the company said.

'The UK government has set a target of eliminating all avoidable plastic waste by 2042. Bioplastics will play a crucial role in achieving this target by reducing waste. However, current bioplastic technology is limited by price and performance in some applications. Our development programme is intended to change that position by preparing a new generation of polymers with improved functionality,' said Biome Technologies CEO Paul Mines.


At 9:44am: [LON:BIOM] Biome Technologies PLC share price was +20p at 545p



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