Ontario BioAuto Council goes Green Inside[TM].
GreenCore was started through the U of T's commercialization arm, the Innovations Group, by forestry and applied chemistry professor Mohini Sain, MCIC. The company has developed proprietary technologies to manufacture natural fibre-reinforced composites for use in products such as auto parts. One technology in particular, Green Inside[TM] pellets, caught the eye of the Ontario Bio-Council. By replacing petroleum-based materials with sustainable natural fibres, Green Inside compounds can more than double the strength of the base polymer while offering added environmental benefits.
"'Green Inside[TM] made our decision to invest very easy," said Bernard West, MCIC, chair of the Ontario BioAuto Council. "We are excited to support the commercialization of this world class technology in an Ontario enterprise."
Biomaterials are experiencing strong growth around the globe, charged in part by environmental concerns as well as the shift in petroleum prices. The resulting market for materials derived from biological feedstocks is estimated to reach $50 billion by 2015.
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|Title Annotation:||NEWS/NOUVELLES; investment in GreenCore Composites Inc.|
|Comment:||Ontario BioAuto Council goes Green Inside[TM].(NEWS/NOUVELLES)(investment in GreenCore Composites Inc. )|
|Publication:||Canadian Chemical News|
|Article Type:||Brief article|
|Date:||Feb 1, 2008|
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