Groups Invest in Innovative Plastics Project

MicroGREEN Polymers Inc. announces that it is the recipient of close to $7 million in financing from a group of investors that includes Waste Management Inc. , WRF Capital, Northwest Energy Angels and a number of private equity firms.

The money raised will allow MicroGREEN, a plastics company, to increase its engineering, sales and marketing staff, and expand its commercial production capabilities for its consumer products.

MicroGREEN has developed a process called Ad-air technology that reduces the amount of plastic required to produce a host of consumer products, which ultimately lowers raw material costs. Ad-air technology creates bubbles within solid-state plastics to expand the plastic and improve its functionality by creating an internal microcellular structure that is lighter, more insulating, strong and reflective.

The technology works especially well with recycled PET plastic.

MicroGREEN is expected to begin offering its line of Ad-air enhanced recycled PET sheets later this year. The product will come in various gauges for converters to transform into consumer products and packaging.

The company also plans to launch its first converted product – a low-density, thermally insulating beverage cup that is recyclable and is itself made from recycled material. 

"We're excited to accelerate our growth plans for the commercialization of our technology and products," says Tom Malone, president and chief executive officer of MicroGREEN Polymers. "Our investors recognize the opportunity presented by Ad-air technology to dramatically reduce the environmental footprint of plastics, help our customers reduce raw material costs and transition to more post-consumer recycled materials, and generate value for our company and their investment."