TripleW News
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TripleW transforms food waste into bioplastic
Israeli startup TripleW, which converts food waste into lactic acid for use in cleaning products, cosmetics, and biodegradable plastic, is planning to expand its operations. The company, which has raised $52 million to date from investors including the Hutchison Group, Eddie Shalev, and Motti Kirschenbaum, has an advanced pilot plant in Belgium and is in the process of building new production facilities. The companys process cuts the production cost of bioplastic by 30% or more and reduces carbon emissions. The company plans to start sales in 2025.
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TripleW raises $16.5 million Series B to produce lactic acid and bioplastic from food waste | CTech
TripleW, an Israeli startup, has raised $16.5 million in Series B funding for its lactic acid and PLA bioplastic made from 100% food waste. The funding will enable TripleW to scale its technology from demo scale to commercial scale and expand its waste management installations. The companys technology offers a low-cost, versatile alternative to fossil-based materials without the need for green premiums. TripleW has previously raised $19 million, including grants from various organizations. The investors in this funding round include Firstime VC, Israel Oil and Gas Fund, LG Technology Ventures, Millennium Food-Tech VC, Consensus Business Group, Eddy Shalev, John Zyskind, and Tal Shapira.
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The Israeli startup turning garbage into gold - sort of - I24NEWS
TRIPLEW ClimateTech Food Waste Upcycling Process Goes Commercial
De Smet Engineers & Contractors (DESC) is partnering with TripleW to industrialize the production of high-value lactic acid made from food waste. TripleW has developed a process for decarbonizing food waste and producing lactic acid, which can be used in various industries. DESC, specializing in biorefineries, is designing the integration of TripleWs technology into an existing waste processing facility. The target plant capacity is 20,000 tons of lactic acid per year. The partnership aims to combine the production of biomaterials, green energy, and organic fertilizer, contributing to the circular economy. The facility will also utilize PLA bioplastic waste for the production of lactic acid. The collaboration demonstrates DESCs commitment to environmental transition efforts.
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מילניום פוד טק: חברת הפורטפוליו TripleW השלימה סבב השקעה של 5 מיליון דולר
Consensus Business Group (CBG) and Millennium Food Tech have invested in TripleW, a company specializing in industrial biotechnology for organic waste management. CBG invested $850,000 in TripleW as part of a $5 million funding round. Millennium Food Tech also invested $3 million in the company. TripleW has raised over $17 million in total and has received grants from various innovation authorities. The companys technology contributes to carbon neutrality in the global economy. CBG is a British investment group with a portfolio of international investments in various sectors. TripleW was founded in 2016 and employs 20 people in Belgium and Israel.
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TripleW receives $2.6 million grant from EU for its lactic acid for food waste
Israeli company TripleW has received a €2.2 million grant from the European Union as part of the WASTE2FUNC consortium. TripleW converts organic waste into bioplastics and will use the funding to develop everyday consumer products made from food waste and agricultural waste. The company is a portfolio company of the Millennium Food-Tech Public R&D Partnership. TripleW will receive an initial sum of around €650,000, with the balance to be transferred in stages. The objective of the WASTE2FUNC project is to demonstrate the viability of sustainable waste streams and create cross-sectoral interconnections in bio-based economies.
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Millennium Food-Tech leads $5m investment in TripleW
Millennium Food-Tech R&D Partnership is leading a $5 million investment round in TripleW, an Israeli startup that has developed an industrial process for producing lactic acid from food waste. The investment will be used to further develop TripleWs technology. TripleW has raised $12 million to date from various investors. The companys lactic acid can be used to manufacture renewable bioplastic polylactic acid (PLA), which has applications in various industries. TripleW has also formed a joint venture with a Belgian organic waste management company to set up a factory for producing lactic acid from food waste. The factory has a current capacity of 10 tons per day and plans to expand to 500 tons per day.
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This Israeli cleantech startup turns the food you eat today into the food packaging of tomorrow
Israeli startup TripleW has developed a biotech solution that can turn waste from supermarkets, restaurants, and food distributors into bioplastic. The companys solution uses bacteria to dissolve food waste and release lactic acid, which can be polymerized into polylactic acid (PLA) bioplastic. TripleW recently closed a $5 million Series B round, with investors including Millennium Food-Tech, Elah Fund, and Hutchison Kinrot. The company plans to expand across Europe and North America.
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3PLW Digests Food Waste for Cost-Effective Bioplastic
