Polymateria’s biotransformation technology has uniquely proven to fully biodegrade plastic items into water, carbon dioxide and biomass, without leaving any microplastic or toxic residue in the open environment.
Singapore-based impact private equity fund ABC Impact, together with sustainable chemical company Indorama Ventures, has led a £20 million ($33.30 million) Series B funding round in Polymateria, a British company that has pioneered biotransformation technology to combat plastic pollution.
Established in 2019, ABC Impact is a division of Temasek Trust Asset Management. Formerly known as ABC World Asia, its founding investors are Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, SP Group and Sembcorp Industries (SGX:U96
) .
