- Founded in: 2014
- Number of employees: 10
- Country: Netherlands
- Investors: Management Plantics, other private investors, and University of Amsterdam Ventures
- Market: Green and safe thermoset resin applications in a/o the construction, furniture, and horticulture markets. The current market size for thermoset resins in Europe is > 5 million tons per year.
- Website: www.plantics.com
Which input provides your business model/core technology towards a bio-based economy?
The Plantics-GX resin and technology could significantly contribute to the bio-based economy as it is a potential game changer in the multibillion market of thermoset resins. Toxic, flammable, and fossil based thermoset resins are currently used in this market (e.g. polyurethane and phenol formaldehyde resins).
Besides replacement of existing thermoset resins it also creates the opportunity for 100% bio-based and recyclable construction materials with (local) natural materials such as hemp and flax . Although recycling is preferred, if Plantics-GX enters the environment it is biodegradable.
Which market/clients do you address and which short-term/long-term goals do you have?
Market Construction, furniture, and horticulture market Approach. We currently co-develop 3-4 product market applications (binder, foam, composite) with strong (market) partners and create and share value together.
2018 functionality of 2 PMC's proven and one PMC introduced in the market
2019 functionality of 3-4 PMC's proven and 2 PMC's introduced in market
2022 break even, development and commercialization of more product market combinations.
What makes your approach unique compared to other stakeholders in the field?
New and unique 'green' thermoset product portfolio. The only 100% biobased thermoset resin in the market. Safe: formaldehyde and MDI free, no other toxic components, no “plastic soup”, low CO2 footprint, flame-retardant, IP protected in EU, US, China, Competitive and relative short time to market
- costs of monomers competitive to monomers of fossil based thermosets
- monomers are abundantly available on world market so no time-consuming development and scale-up of monomer production needed.
Co-development of applications and commercialization with strong (market) partners and a world class team.
You can meet Plantics in Toulouse at the START-UP VILLAGE @EFIB on 17-18 October.