Synthetic plastics have entered almost every aspect of life in the middle of the last century. Within 50 years, from 1964 to 2014, plastic consumption has increased twentyfold. In 1964, 15 million tons of plastic were consumed, but by 2014 this figure had risen to 311 million tons per year. One consequence is the increasing pollution of the environment with plastic waste. Added to this is the rising global consumption of crude oil and the greenhouse gas emissions associated with plastic production.
EU funding for traceless materials
Contributing to the idea of a circular bioeconomy, the Hamburg-based start-up traceless materials has developed a bio-based material that leaves no trace in the environment but is compostable and can therefore be disposed of in organic waste. The young company is now receiving a grant of 2.4 million euros from the European Innovation Council (EIC) to further develop its technology.