Breaking the plastic cycle: €36.6 million for Traceless eco-friendly plant

By Laio

Traceless Materials, from Hamburg, a bioeconomy start-up, has secured a significant €36.6 million in a funding round. This funding will be instrumental in constructing their first industrial plant, set to produce a bio-circular alternative to plastic, on an unprecedented scale, says the company in a press release.

This innovative biomaterial, boasting a minimal ecological footprint, will replace thousands of tonnes of traditional plastics, saving 91% of CO2 emissions and 89% of fossil energy requirements. With a demonstration plant in the works in Hamburg, Traceless Materials is poised to tackle global plastic pollution, climate change, resource scarcity, and biodiversity loss head-on. The company’s groundbreaking technology is set to transform various end products and is a crucial step towards a greener, more sustainable future.

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Broad range of products

The company’s core technology is based on natural polymers, sidestepping the ecological pitfalls associated with conventional plastic production. The traceless® material is produced in the form of granulate, which can be readily used to manufacture a broad range of end products. These include rigid moulded parts, flexible films, paper coatings, and adhesives, offering a versatile solution to replace plastics across various applications.

 Alongside scaling up its technology, Traceless Materials is also collaborating with customers and partners to develop pilot products made from traceless® materials. These partnerships will help the company refine its product offering and identify new applications for the traceless® material.