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Bill Gates and Total invested $14 million in research and development of green plastics technology.

2016-10-06

Microsoft founder Bill Gates and French energy giant Total have jointly invested $14 million to help develop cheaper bioplastics and bioenergy technologies.

Renmatrix is developing a green technology called Platrose that can convert biomass waste into cellulose and produce chemical compounds and fuels that can replace petrochemical feedstocks. This technology uses supercritical water instead of enzymes, solvents, or acids to achieve cost savings.

Renmatrix's technology received the Presidential Award for Green Chemistry Challenge in 2015. Renmatrix stated that Gates' investment will be used to expand the development of Platrose technology in the United States, Canada, and India, and to enhance the application of bioplastics downstream in the supply chain.

Gates points out that in order to more effectively address the problems caused by climate change, we must produce competitively priced clean or bioenergy; and Renmatrix's technology is precisely an innovative way to achieve this goal.

Sources:Environmental Leader (2016-09-28) (Compiled by PIDC)

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