CARDIA SETS UP SUBSIDARY TO COMMERCIALISE NOVEL CO2 STARCH TECHNOLOGY

Cardia Bioplastics is pleased to announce that is has established a 100% subsidiary “CO2STARCH Pty Ltd”. This vehicle will be used to commercialise the company’s patented novel CO?polymer-starch blending technology.

CO2STARCH Pty Ltd will hold all the intellectual property and patents and will serve as the platform for the development and commercialization of a family of CO2based polymers.

Cardia launched the world's first CO2+Starch biodegradable carrier bag (made using CO2 emissions) in October 2010 and has since received interest in the technology from several major international organizations including petrochemical companies. The breakthrough technology allows PPC (polypropylene carbonate) to be blended
with starch.

In simple terms, CO2 emissions are captured and used as a substitute for oil and then further blended with starch as an additional substitute for oil to create a renewable and sustainable bioplastics that rely less on fossil fuels.