The new Panacea range from Biobent Polymers is said to be the first bioplastics resin to maintain the characteristics of the base plastics material while replacing up to 40% of the petroleum normally used in plastics manufacturing.
The patent pending technology behind Panacea was developed by Battelle Memorial Institute with funding from the Ohio Soybean Council, and licensed exclusively to Biobent parent company Univenture. The first two products will be Panacea PP and Panacea PE, which will be ‘priced competitively in the bioplastics market’.
Most bioplastics are significantly more expensive than their petroleum-derived counterparts, but Biobent says this will not be the case for the Panacea products. The process used is capable of blending traditional thermoplastics with low cost soy meal. The result is claimed to be high performing bio-composite materials with a cost structure competitive with purely petroleum-derived plastics.
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