BOSK Bioproducts is launching the production of REGENTM, a compostable bioplastic made entirely from biobased and non-toxic ingredients. In addition to its eco-responsible properties, the bioplastic made by BOSK, offered in pellets form to manufacturers of plastic products, can be used to make almost any item such as caps, jars for cosmetic products, 3D printing filaments or children's tableware. Based on the circular economy model, REGENTM helps reduce petrochemical plastic waste, in complementarity with recycling activities.
"With REGENTM, BOSK brings a simple solution to the manufacturing industry which is at a crossroads following the recent addition of manufactured plastic products to the list of toxic substances of the Canadian Environmental Protection Act. REGENTM is a bio-based material, which does not contain toxic chemical additives or petroleum. It can substitute petrochemical plastics to reduce their accumulation at the source and is a complementary solution to the recycling of existing plastics." estimates Laurence Boudreault, General Manager of BOSK Bioproducts.
In addition to helping reduce plastic waste with REGENTM, BOSK has also developed a unique technology in the world that transforms untapped by-products of the paper industry into PHA (polyhydroxyalkanoates), the key ingredient in REGENTM.
Position Quebec as a global producer of bioplastics in line with sustainable development
This first production line is a key phase in the development of the Quebec-based company. The next step for the company will be to gradually increase the production capacity of REGENTM as well as PHA to meet demand in a market that expects a strong growth of 8% per year according to Nova Institute.
“The production line will allow us to grow our customer base. This first milestone will be followed by a gradual increase of our production capacity to reach 20,000 tonnes of REGENTM bioplastic within 3-5 years. Then, we want to build other bioplastics plant directly on paper mills elsewhere in Quebec, in Canada and beyond our borders”, indicates Paul Boudreault, President of BOSK Bioproducts.
Bring together several key players around the same objective
BOSK can now offer its compostable bioplastics thanks to the financial support of Natural Resources Canada, the ministère des Forêts, de la Faune et des Parcs, and Canada Economic Development for Quebec Regions (CED), which were announced on April 9 and totalizing 2 million dollars. It was also with the private financing obtained from BDC and BMO that Bosk was able to complete the financing of his project.
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