OAKLAND, Calif., Aug. 1, 2016 /PRNewswire/ -- Full Cycle Bioplastics has been awarded Think Beyond Plastic's highest honor: Most Innovative Business of 2016. Full Cycle was selected for their innovative approach to the conversion of food, agricultural, cardboard and paper wastes into a high performance and cost-competitive replacement for petroleum based plastics called polyhydroxyalkanoates (PHAs). PHAs naturally biodegrade in marine and terrestrial ecosystems and help solve the growing challenges of plastic and organic waste pollution.
"Full Cycle is honored to receive this award. As a startup, it is important to externally test and validate our business model, and this is a great boost to our confidence that we are on the right path," said Andrew Falcon, Full Cycle's CEO.
Think Beyond Plastic hosts a yearly competition in order to find and highlight innovations that can eliminate global plastic pollution. This year, the organization received 145 applications from 35 countries in Africa, Asia, the European Union, and North and South America.
"Full Cycle Bioplastics' innovation is a true example of a circular economy application - an innovative material coupled with an innovative business model," said Daniella Russo, Founder and CEO of Think Beyond Plastic.
Full Cycle will be participating in Think Beyond Plastic's startup accelerator. The program kicks off September 1, 2016 in San Francisco, CA.
About Full Cycle Bioplastics: Full Cycle Bioplastics' patent pending biotechnology converts organic waste into polyhydroxyalkanoate biopolymers (PHAs). PHAs are compostable in marine, home and industrial environments, yet is a cost-competitive, high performance replacement for conventional, petroleum based polymers. Full Cycle licenses this technology to companies with large waste streams, who can then create the highest value from their waste by generating revenue, reducing costs, diverting waste from landfill, reducing greenhouse gas emissions and reducing plastic pollution.
About Think Beyond Plastic: Think Beyond Plastic is dedicated to building and expanding the innovation eco-system with a focus on plastic pollution. It mobilizes and inspires broad-based innovation through its annual Innovation Competition and produces an annual Accelerator class for 10-20 startups delivering new materials, manufacturing, product design and end-of-life innovation. The organization has also produced numerous events on Capitol Hill focused on ending ocean plastic pollution and is actively working with the UN Environmental Programme to set guidelines for Green Chemistry initiatives that can transform the marine plastics and plastic pollution problems.
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SOURCE Full Cycle Bioplastics