Canadian Biotech company Genecis secured US$6 million in funding from Next Generation Manufacturing Canada (NGen) towards developing, scaling, and integrating their novel biotech platform that upcycles organic waste (like discarded packaged food and waste from the municipalities’ green bins) into PHA (polyhydroxyalkanoates) sustainable bioplastics.
According to Zion Market Research, the bioplastics market is expected to surge from $10.5 billion in 2021 to approximately $29 billion in 2028. Canadian Biotech company Genecis secured US$6 million in funding from Next Generation Manufacturing Canada (NGen) towards developing, scaling, and integrating their novel biotech platform that upcycles organic waste (like discarded packaged food and waste from the municipalities’ green bins) into PHA (polyhydroxyalkanoates) sustainable bioplastics.