Nordic Bioproducts Group (NBG), a biomaterial innovation company and developer of pioneering AaltoCell Technology, has entered into a strategic Memorandum of Understanding (MOU) with PTT MCC Biochem Company Limited (PTT MCC) headquartered in Bangkok, Thailand. The partnership marks a significant milestone in the advancement of bioplastic technology and includes, for example, PTT MCC utilizing Nordic Bioproducts Group’s cellulosic fibers as an ingredient in its innovative bioplastic product called BioPBS.
The joint development project focuses on creating advanced bioplastics using NBG’s expertise and cellulosic materials, like sustainable activated cellulose fibers. These bioplastics aim to replace petroleum-derived substances and offer improved home compostability, biodegradability, and performance. The project will mainly develop ‘home compostable’ materials for single-use products like coffee capsules, cutlery, containers, plates, and mugs, contributing to the growth of these markets.
The coffee capsule market is expected to grow to USD 11.9 billion by 2032, with Asia Pacific being the largest market for coffee capsules in 2023, followed by Western Europe. However, most capsules are produced from aluminum, which can be recycled but is not compostable. As single-use packages more often end up in nature than recycling centers, ensuring their compostability is key to making the whole industry more environmentally friendly.
NBG’s activated cellulose fibers meet strict food container safety regulations and are uncompromising in quality and purity. They are derived from clean water and FSC-certified, traceable, sustainably managed forests in Finland, making them the perfect solution for the growing industry without compromising product quality or price.
Thailand is the world’s second-largest producer of bioplastics, with the local government supporting many initiatives helping the world move from plastics to biodegradable bioplastics. As a result, the collaboration between NBG and PTT MCC is a natural step towards advancing innovation in bioplastics.
“The collaboration represents a significant step forward in the green transition through innovative, high-performance, and environmentally friendly alternatives to traditional plastics. Bringing high quality and competitive solutions to the market is key to making alternatives to plastic attractive and scalable,” says Olli Kähkönen, CEO and co-founder of Nordic Bioproducts Group.