Sydney: Australian Company Plantic Technologies was last night awarded the prestigious Australian Museum Eureka Prize for Industry 2004 for its biodegradable plastic.
Plantic Technologies developed and now manufactures a revolutionary plastic from plants which disperses rapidly on contact with water. It is considered one of the most significant advancements in packaging technology in the last decade.
The Plantic Technologies developed and now manufactures a revolutionary plastic from plants which disperses rapidly on contact with water. It is considered one of the most significant advancements in packaging technology in the last decade.
The company was awarded the Australian Museum's top prize which recognises innovation and outstanding commitment to research and development. The prize includes becoming a member of the Australian Museum's Immortals Program in which Plantic will receive permanent recognition by having a new species of fly after it -called Krakatauia planticorum. The specific ephithet 'planticorum' means that this species is named after all the people associated with Plantic Technologies Limited.
Two years ago the Australian Cooperative Research Centre for International Food Manufacture & Packaging Science created Plantic Technologies to commercialise its world first invention which produced plastics from plants. This exciting new product is a technological solution to the environmental problems associated with plastic packaging - a non-sustainable source material difficult to dispose.
It is a world first creating a truly environmentally friendly plastic which can compete on cost and functionality with petrochemical based plastics but which will disperse rapidly on contact with water, literally disappearing before your eyes.
Plantic achieved another world first recently with its rigid packaging gaining accreditation to international compostable and biodegradable standards. The places Plantic at the forefront of the global biopolymer marketplace with instant recognition in key markets such as Europe, Japan, and the USA.
Plantic's ongoing commitment to innovation and establishment of a world class R&D team based in Melbourne has ensured not only its success with the first products but has followed this up with a stream of new technologies allowing expansion from food packaging applications into public health, cosmetics, medical devices, and pharmaceuticals.
For further information please contact:
Plantic Technologies Ltd
Phone: + 61 3 9353 7900