Uluu raises $10.4M to scale seaweed-based plastic
In Australia, seaweed-based plastic startup Uluu has raised AU$16 million (US$10.4 million) to build a demonstration plant to prove the viability of its technology. Uluu’s bioplastic is home compostable, lightweight, and biodegrades in marine environments. The company is eyeing applications in cosmetics, fashion, packaging, and automotive. “After four years’ work developing this technology, including two […]
