Funding boost for German eco-supplier BIO-LUTIONS

Funding boost for German eco-supplier BIO-LUTIONS

May 24, 2019
Press Release: BIO-LUTIONS

Huge investment will enable this bio specialist to expand its alternative packaging range and reach

BIO-LUTIONS International AG, the Hamburg-based manufacturer of ecological packaging and disposable tableware made from agricultural residues, has secured €8.3 million in funding with Delivery Hero SE and the KfW subsidiary DEG among the key investors.

Following the successful establishment of a production plant in India, BIO-LUTIONS has seen a surge in demand for its sustainable products, including the interest of large global retailers. The green tech start-up plans to use the new funds to kick-start its global expansion, first by increasing production in India and second by building new production facilities in Europe and Asia.

BIO-LUTIONS was founded in 2017 by Eduardo Gordillo and Stefan W. Dircks and has co-developed a patented technology that makes it possible to produce packaging and disposable tableware from a variety of agricultural residues without the need for additional binding agents or chemicals. The use of agricultural residues – which are globally available and until now have mostly been disposed of for a fee as waste products – significantly reduces raw material costs. This, for the first time, enables a sustainable product to compete with disposable plastic products in terms of price.

In addition to this, BIO-LUTIONS acts according to a model of positive social and ecological impact in India, by sourcing its raw materials such as sugar cane leaves and banana stems from local smallholders. This offers farmers an additional source of income and thus helps to reduce poverty among the rural population. The use of agricultural residues also reduces air pollution by providing an alternative to the incineration of crop residues.

“A partnership with two internationally operating firms such as Delivery Hero and the DEG makes it possible for a young company like BIO-LUTIONS to realize their expansion strategy,” stated Eduardo Gordillo, BIO-LUTIONS founder and CEO. “This important step enables BIO-LUTIONS to sustainably build our team, our production sites and our customer portfolio. It is an honor and a privilege to work with these renowned companies moving forward.”

“We are delighted to continue to support BIO-LUTIONS, a young, innovative company on its way,” confirmed Christiane Laibach, spokeswoman for DEG’s management. “Our investment today follows our initial investment into the company in form of our Up-scaling program. We see great promise in the production of alternatives to plastic packaging made from plant residues.”

“Participating in the financing of BIO-LUTIONS helps us to further implement our long-term strategy – with BIO-LUTIONS we have a new and important addition to our portfolio which has high social and ecological value,” concluded Emmanuel Thomassin, chief financial officer at Delivery Hero.

Plastic Free World Conference & Expo 2019 will take place from Thursday 27 June to Friday 28 June, at the Kap Europa, Frankfurt Messe, Frankfurt, Germany. To register for this highly focused and solutions-driven event, please click here. For sponsorship and exhibition opportunities, please email peter@trans-globalevents.com

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