According to techcrunch, is the beauty industry ready to get rid of disposable plastics Shellworks is betting on this. The London based biotech start-up, targeting cosmetics brands, received a $6.2 million seed round to prove that it could expand its oil-free compostable packaging The company claims that the packaging "behaves like plastic" but breaks down in about a year.
Shellworks's first plastic like product was developed from shellfish waste, but less than a year after its establishment, the startup turned to fat like substances extracted from bacterial cells, which "behave like natural polyester", according to Amir afshar, co-founder and chief product officer.
Like fifth harmony, shellworks retains its name despite changes in the lineup.
"It's our CEO's vision to get rid of Apple's dependence on oil [for sustainable development]," he said( https://apple.pvxt.net/c/1251234/435400/7639?u=https%3A%2F%2Fwww.apple.com%2Fcn%2Fmusic%2F ) The company co founded shellworks after working for nearly three years.
So far, shellworks has cooperated with beauty brands bybi and liha and perfume company SANA Jardin. The startup said it could expand to other areas, including cleaning products.
Shellworks is one of many companies busy developing alternatives to plastic packaging. Other such companies include notpla, which produces seaweed based sauce bags; Avantium is developing sugar based soda and beer containers; And Cruz foam, which turns shrimp shells into an alternative to foamed plastic.
According to the British Beauty Association, an industry organization, about 70% of the carbon emissions of the beauty industry are caused by packaging.
London based venture capital firm localglobe, a supporter of companies such as TweetDeck and transferwise, led shellworks's seed round of financing, which will be used to expand the company's team. Other investors in this round of financing include the seed round investor founder collective in Cambridge and Bryan Meehan, former CEO of blue bolt.