The green tech start-up plans to use the new funds to kick-start its global expansion, first by increasing production in India and second by building new production facilities in Europe and Asia. Dircks and has co-developed a patented technology that makes it plastic single hamburger press to produce packaging and disposable tableware from a variety of agricultural residues without the need for additional binding agents or chemicals.
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The use of agricultural residues — which are globally available and until now have mostly been disposed of for a fee as waste products — significantly plastic single hamburger press raw material costs. This, for the first time, enables a sustainable product to compete with disposable plastic products in terms of price.
In addition to this, BIO-LUTIONS acts according to a model of positive social and ecological impact in India, by sourcing its raw materials such as sugar cane leaves and banana stems from local smallholders. This offers farmers an additional source of income and thus helps to reduce poverty among the rural population. The use of agricultural residues also reduces air pollution by providing an alternative to the incineration of crop residues.
It is an honour and a privilege to work with these renowned companies moving forward. Our investment today follows our initial investment into the company in form of our Up-scaling programme.