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Singapore Biodegradable Straw Company Gets US$13m Funding

RWDC Industries obtains US$13 million by venture capital firms Vickers Venture Partners and WI Harper Group.

Singapore based RWDC develops a medium-chain-length polyhydroxyalkanoate (mcl PHA) bioplastics through bacterial fermentation of plant-based oils or sugar.

The bioplastics can be used to make cutlery, drinking straws and cup lids, food, beverage packaging and diapers.

RWDC’s PHA is certified to be fully biodegradable in soil, water and marine conditions.

RWDC secured another round of funding ($980,000) through Temasek Foundation Ecosperity’s Liveability Challenge.

The funds will be used to make fully biodegradable PHA drinking straw. They will develop a prototype by the end of the year and start commercial production by mid-2019.

RWDC’s PHA production capacity in Georgia, US, will be expanded to 2,000 tonnes per year and would make it among the world’s largest PHA producers by early 2019.

RWDC executive chairman Roland Wee said

“We are extremely excited and focused on the expansion of our PHA facility in the US, as this marks our first step towards producing PHA at commercially affordable prices for the global market. We have concrete plans to scale up very quickly from here.”

rwdc industries
Vickers chairman and co-founding partner Finian Tan (right), and WI Harper’s chairman Peter Liu.

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