VN startup makes decomposing plastics from flour, tapioca

Succeeding in creating biodegradable plastics, the startup has received $1 million worth of capital.

VN startup makes decomposing plastics from flour, tapioca

‘Shark Tank’, a famous TV show, came back on July 4, when ‘sharks’ and the audience were attracted by a special startup project on making plastic beads which are biodegradable.

iGreen’s biodegradable beads are created from wheat and tapioca starch on the basis of Bio-PBS and PBAT.

The material plastic beads have obtained TUV certificate, the worldwide product safety certification, on biodegradability, heavy metal particles and eco-toxins. In Vietnam, only four units have the certificate so far. Two of them have commercialized their products, including iGreen in HCMC and another one in Hanoi.

iGreen has three founders. One of them is a Vietnamese research and development expert, who graduated from school in Italy and owns two patents in biotechnology.

According to iGreen’s founder Doan Van Tung, depending on the apps, biological material granules can create different finished products with three technologies, including blowing injection, injection molding and molding. The company has succeeded in selling some final products – bags and straws – to a restaurant chain and 5-star hotel chain.

The startup not only aims at making finished plastic products, but also wants to provide materials which are biological plastic beads to other manufacturers in the market. It wants to call for investment capital to build a factory near Cat Lai Port which make products for export.

iGreen plans to use 50 percent of production capacity to serve domestic clients, while the remaining 50 percent is for export. The startup has 30 clients using its finished plastic products. However, when it makes plastic beads, it will only provide biological plastic beads to the market.

 

Talking about iGreen’s advantages, Tung said biodegradable plastic bags imported from China are 25 micron thick, while iGreen’s products can be only 18 microns thick.

Therefore, iGreen products’ weight is much lighter. One kilogram of material beads could be used to make 120 plastic bags instead of 100 as of other manufacturers. This characteristic alone allows iGreen to make a profit of 10-25 percent higher than other products thanks to the material.

A report about the synthetic plastics market of the Vietnam Plastic Association showed that Vietnam imported 6.61 million tons of plastics in 2020 and revenue of the whole industry was $22.18 billion. Of this, plastic packages accounted for 38 percent.

The current situation, plus the fact that there are no similar products in the market, are the reasons for iGreen’s founders to believe that the startup has the opportunity to ‘change the game’ and squeeze into the plastic industry.

Shark Lien decided to invest VND25 billion in the startup in exchange for 49 percent of the startup’s shares. 

Trong Dat

Supermarket coalition expected to help cut use of plastic bags

Supermarket coalition expected to help cut use of plastic bags

An initiative to form a supermarket coalition is being developed with the support of the EU and the German Government, aiming to reduce the use of plastic shopping bags and protect the environment.

BioPlas founder seeks capital to expand production of degradable bio-plastics

BioPlas founder seeks capital to expand production of degradable bio-plastics

BioPlas is one of the most interesting and inspiring projects of the Shark Tank TV Show series, where startups meet "sharks" to seek investors.

 
 

Other News

.
First report on maritime environment, national islands completed
First report on maritime environment, national islands completed
SCI-TECH & ENVIRONMENTicon  13/08/2021 

The Ministry of Natural Resources and Environment (MoNRE) has completed a report on maritime environment and national islands in the 2016-20 period, Director General of the Vietnam Administration of Seas and Islands Ta Dinh Thi said on August 13.

Vietnam integrates databases for Covid-19 prevention, control tasks
Vietnam integrates databases for Covid-19 prevention, control tasks
SCI-TECH & ENVIRONMENTicon  13/08/2021 

Along with the active work of the medical staff, the technology human resources are trying to develop useful software pieces to serve Covid-19 prevention and control tasks in hope of putting the latest outbreak under control at the earliest time.

Quang Ninh to implement solutions for garbage crisis
Quang Ninh to implement solutions for garbage crisis
SCI-TECH & ENVIRONMENTicon  13/08/2021 

Ha Long City, a popular tourist destination in the northern coastal province of Quang Ninh, will implement a series of measures to classify, collect, transport and treat domestic and construction waste from early next year.

Vietnam's NanoDragon microsatellite to be launched in Japan
Vietnam's NanoDragon microsatellite to be launched in Japan
SCI-TECH & ENVIRONMENTicon  13/08/2021 

Vietnam has sent NanoDragon satellite to Japan to hand over to the Japan Aerospace Exploration Agency (JAXA) to launch into space.

Axie Infinity capitalizes at US$4.4 billion
Axie Infinity capitalizes at US$4.4 billion
SCI-TECH & ENVIRONMENTicon  13/08/2021 

The virtual currency in the Vietnamese blockchain game Axie Infinity - Axie Infinity Shards (AXS) - has hit a new peak of $71, setting a record capitalization of $4.4 billion.

Project to develop human resources for information security kicks off
Project to develop human resources for information security kicks off
SCI-TECH & ENVIRONMENTicon  13/08/2021 

The 23-member executive board of a project on training and developing human resources for information security for the 2021 - 2025 period has been established, led by Deputy Minister of Information and Communications Nguyen Huy Dung.

Nationally shared digital platforms will create a unified Vietnam: Minister
Nationally shared digital platforms will create a unified Vietnam: Minister
FEATUREicon  14/08/2021 

This is the message the Minister of Information and Communications Nguyen Manh Hung conveyed when delivering a speech at a ceremony launching Telehealth, the platform that allows medical examinations to be conducted from a distance.

Monkeys cause chaos during social distancing orders on Cham Islands
Monkeys cause chaos during social distancing orders on Cham Islands
SCI-TECH & ENVIRONMENTicon  12/08/2021 

Experts from the Cham Island Maritime Protected Area (MPA) and Hoi An are looking to drive monkeys back to the forest after the animals broke into houses.

Crafting regulations to build a digitalised future
Crafting regulations to build a digitalised future
SCI-TECH & ENVIRONMENTicon  12/08/2021 

With the appearance of Industry 4.0 and the huge impact of the global health crisis, the world is in the breakthrough stage of digital transformation. This is the opportunity for Vietnam to realise its aspiration of prosperity.

Internet speed index in Vietnam to be updated regularly
Internet speed index in Vietnam to be updated regularly
SCI-TECH & ENVIRONMENTicon  11/08/2021 

The Department of Telecom at the Ministry of Information and Communications will publish the weekly index of Vietnam’s internet quality on its portal starting this month, announced the Vietnam Internet Network Information Center (VNNIC) on August 11.

Vietnam ranks 8th in the world for IPv6 application
Vietnam ranks 8th in the world for IPv6 application
SCI-TECH & ENVIRONMENTicon  11/08/2021 

By the end of July 2021, Vietnam climbed up by two spots for IPv6 application compared to 2020, ranking 2nd in Southeast Asia and 8th in the world, with 45% of Internet users or more than 34 million users accessing IPv6 Internet.

CyberKid Vietnam joins hands with global security firm to protect children online
CyberKid Vietnam joins hands with global security firm to protect children online
SCI-TECH & ENVIRONMENTicon  10/08/2021 

CyberKid Vietnam is the first social organization in Vietnam with 100% Vietnamese ideas, owned and operated by Vietnamese to protect and support Vietnamese children in cyberspace.

Conservation programs put on hold with access denied due to spread of COVID
Conservation programs put on hold with access denied due to spread of COVID
SCI-TECH & ENVIRONMENTicon  10/08/2021 

Biodiversity conservation projects and forest protection in the central highlands region, over the past two years, have been either delayed or suspended as travel and mass gathering activities are limited by COVID-19 prevention measures.

Platform supports remote medical examinations in 100% of districts
Platform supports remote medical examinations in 100% of districts
SCI-TECH & ENVIRONMENTicon  10/08/2021 

The Ministry of Communications and Information has announced the connection of a platform that supports medical examinations from a distance to districts, and the inauguration of the National Technology Center for Covid-19 Prevention and Control.

Bioplastic start-up begins green journey
Bioplastic start-up begins green journey
SCI-TECH & ENVIRONMENTicon  11/08/2021 

Having worked in biopolymer research for more than a decade, Doan Van Tung in HCM City began his adventure by founding the iGreen development company in 2020

8 of 17 tigers die after being rescued from cages in Nghe An
8 of 17 tigers die after being rescued from cages in Nghe An
SCI-TECH & ENVIRONMENTicon  09/08/2021 

After the police force in the central province of Nghe An rescued 17 adult tigers illegally raised in cages by two families in Do Thanh commune in Yen Thanh district, Nghe An province, eight of the tigers died.

Pham Duc Long appointed Deputy Minister of Information and Communications
Pham Duc Long appointed Deputy Minister of Information and Communications
SCI-TECH & ENVIRONMENTicon  09/08/2021 

The Prime Minister has appointed Mr. Pham Duc Long as Deputy Minister of Information and Communications.

Young engineers want the world to know more about VN through technology
Young engineers want the world to know more about VN through technology
FEATUREicon  13/08/2021 

In the past few days, the news about two Vietnamese engineers who surpassed 1,600 teams to win the international Show US the Data contest has attracted public attention.

5 million farmer households to sell produce online this year
5 million farmer households to sell produce online this year
SCI-TECH & ENVIRONMENTicon  08/08/2021 

Postmart and Voso have trained farmers to organize livestreams, and advertise their products by shooting video or taking photo. They can create their own booths and sell products on these floors even during the time of social distancing.

Vietnam looks to become AI hub in ASEAN by 2030
Vietnam looks to become AI hub in ASEAN by 2030
SCI-TECH & ENVIRONMENTicon  08/08/2021 

The Vietnamese Government has issued a national strategy on the research, development and application of artificial intelligence (AI) till 2030 with a view to gradually turning Vietnam into an innovation and AI hub in ASEAN and the world.

 
 
 
Leave your comment on an article

OR QUICK LOGIN