At the recent Rethinking Materials Innovation and Investment Summit 2023, Loliware (San Jose, CA, USA), North America's fastest growing algae materials company, announced the launch of its latest algae resin for injection molding.
Founded in 2016, Loliware is a leader among a growing number of regenerative companies focused on materials that support a more robust ecosystem.
The new bioplastic will power the company's first-ever algae apparatus and will be manufactured on standard plastic injection molding equipment.
"We are excited to introduce our second recycled compostable resin," said Sea F. Briganti, founder and CEO of Loliware. "It unlocks hundreds (if not thousands) of new products to replace single-use plastics on a large scale using the industry's existing equipment."
In addition to the EU Plastics Directive's ban on single-use plastics, these new products will easily fill the gap in the market created by the UK's recent ban on single-use tableware. These new appliances represent Loliware's official entry into the European and UK markets, meaning that their products will be widely available for corporate purchase or licensing.
At the event, Loliware also introduced its newest advisory board member, Jeff Wooster, former director of global sustainability for Dow Packaging and Specialty Plastics, and provided a demonstration of the new product. Company officials also met with potential distribution partners for the company's new line of seaweed utensil sets, as well as a variety of sizes of the popular seaweed straws - standard, jumbo, boba and cocktail.
"Manufacturing algae resins that are compatible with injection molding machinery has proven to be a challenging task because of the unique properties of algae and the stringent performance requirements that must be met for the final part," said Victoria Piunova, Loliware's Chief Technology Officer, in a speech at the materials industry's premier annual event. "Loliware's tableware functions similarly to plastic tableware, but is actually designed to disappear through natural composting."
Fully compatible with existing manufacturing plastic extrusion equipment, Loliware's seaweed-derived resins offer a unique, cost-effective way to replace single-use plastics on a large scale. Seaweed can be processed into Loliware materials in local facilities and made into a variety of products that are easy to compost and enrich the soil.
