TerraVerdae Bioworks buys PolyFerm Canada

In Canada, TerraVerdae Bioworks Inc.  has signed a binding letter of intent to acquire 100 per cent of the equity of PolyFerm Canada.

TerraVerdae is a world-leading performance biopolymers company dedicated to developing sustainable alternatives to petroleum-based plastics in order to reduce climate impacts and the growing build-up of plastic trash on land and in water.

PolyFerm has a unique technology portfolio of biobased and biodegradable elastomeric polymers known as medium chain length polyhydroxyalkanoate (mcl-PHAs). The addition of PolyFerm will strengthen TerraVerdae’s core capabilities and enhance the Company’s ability to produce biopolymers and resins for a wider range of applications, including for films, coatings and adhesives.