During a ceremony held in Delhi on January 11, 2024, Polymateria was delighted to be presented with the Technology Disruptors Award at the 4th Edition of the FICCI Circular Economy Awards 2024. The award, established to acknowledge outstanding contributions in the circular economy sector, specifically recognizes the efforts of both industries and individuals who have made significant strides in effecting change through innovation and strategic initiatives. FICCI has commended Polymateria for its innovative technology aimed at combating the worldwide plastic pollution crisis.
Polymateria claims that it is the first company in the world to prove scientifically that you can take the most likely sources of leaked plastic waste and return them to nature without creating microplastics and harming the natural environment while remaining compatible with recycling systems at scale.
Accepting the award on behalf of Polymateria from Amitabh Kant, Deepti Gupta, head for growth and partnerships at Polymateria, said, “We are truly humbled to receive this award from FICCI. Polymateria is committed to pushing boundaries and driving innovation in sustainable packaging to tackle one of the world’s biggest environmental challenges at scale.”
“I want to express my gratitude to our partners and clients for their support and to Polymateria’s amazing team for their continued excellence. This recognition only motivates us further to continue our journey of making a positive impact.”
Polymateria’s technology works through a process called Biotransformation. The technology activates when plastic containing the technology is exposed to nature, which causes the plastic to biotransform into a bioavailable wax. The wax attracts microorganisms like bacteria and fungi which safely digest it and return it to nature without harm. This process of full biodegradation happens in under 2 years and in many cases much faster.
The technology is tailored for a range of products, such as flexible polyethylene bags, films, and wraps, as well as rigid polypropylene products like cups, cutlery and straws – the most common plastic applications to pollute the environment. With infinite scalability, Polymateria aims to tackle the 32% of plastics that end up in nature each year globally.
