NetComposites
Advanced Engineering 2018

Greencore to Get Funding from Ontario BioAuto Council

07 January 2008

GreenCore Composites Inc., a natural-fibre composite company spun off from University of Toronto research, has received an investment of $755,000.

The funding comes from the Ontario BioAuto Council Commercialization Fund, an organization that targets commercialization and market development of biomaterials for Ontario’s automotive sector.

GreenCore, a company that both started up and spun off through the university’s commercialization arm, the Innovations Group, was begun by U of T forestry and applied chemistry professor Mohini Sain. The company has developed proprietary technologies to manufacture natural fibre-reinforced composites for use in products such as auto parts. One technology in particular, Green Inside pellets, caught the eye of the Ontario Bio-Council. By replacing petroleum-based materials with sustainable natural fibres, Green Inside compounds can more than double the strength of the base polymer while offering added environmental benefits.

“Green Inside™ made our decision to invest very easy,” said Dr. Bernard West, chair of the Ontario BioAuto Council. “We are excited to support the commercialization of this world class technology in an Ontario enterprise.”

“GreenCore Composites has been working aggressively to commercialize this technology as we see immediate opportunity for our novel composites in Ontario’s industrial sectors – most notably the automotive sector,” said Geoff Clarke, president and CEO of GreenCore Composites. “The investment from the BioAuto council will go a long way to accelerating our product development and refining our production processes”.

The Ontario BioAuto Council is a not-for profit organization working to link auto-parts manufacturers, automotive assemblers and the chemical and plastics industry with agricultural and forestry companies to produce materials and chemicals from biological feedstocks.

Biomaterials are experiencing strong growth around the globe, charged in part by environmental concerns as well as the shift in petroleum prices. The resulting market for materials derived from biological feedstocks is estimated to reach $50 billion by 2015.






Related / You might like...

Fibrelite and Trenwa Partner on Trench Systems

Fibrelite reports that since the start of its partnership with Trenwa more than 100 precast trench systems integrating Fibrelite composite covers have been sold for use in electrical substations, wastewater treatment plants, chemical refineries and many other applications across North America.

Shanghai Electric Installs LM Wind Power Blades on 4 MW Offshore Turbine

LM Wind Power's first two sets of LM 66.6 blades have been installed on Shanghai Electric Wind Power's 4.0 MW-136 wind turbine in China.

USQ Hosts Centre for Future Materials Open Day

University of Southern Queensland (USQ)’s composites research and development was on display when the Centre for Future Materials (CFM) held its inaugural Open Day.