Thermoplastic films are everywhere from food packaging and agriculture to defense. To meet the demand for greater functionality, layers are added to the film, making them thick and heavy and increasing the cost. High-barrier food packages, for example, include a layer of aluminum foil to prevent food deterioration due to oxidation, moisture, and UV penetration. Manufacturers of thermoplastic greenhouses add layers and ingredients that block infrared (IR) light from escaping to optimize growing conditions.
The opportunity for thinner, stronger, greener thermoplastic films with added functionality is tremendous.
Valentis’ technology combines nanoparticles with cellulose nanocrystals (CNC), a biodegradable, transparent material made from plant pulp waste, to produce highly improved polymeric films. Incorporating different nanoparticles into Valentis’ composites adds new functionality that can be tailored to specific applications and needs.
The Company’s first product is a coating material for food packaging that is thinner, potentially transparent, stronger, and with high-barrier properties to block UV rays, oxygen, and moisture, so food remains fresh and has a longer shelf life.
CNC is coming into focus as a material of the future, projected to create a $600 billion industry by 2020 (U.S. National Science Foundation). The Valentis technology has enormous potential in a number of multibillion-dollar markets, including food packaging, agriculture, defense, home and garden, transportation.
Coating platform for food packaging, agritech, and more
Stage: Business development
Founded: November 2013
Investor: The Trendlines Group
IP: National phase, covering use of CNC as a carrier of nanoparticles on polymeric films
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