VentureNEXT Startup Award

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Biobent Polymers Is Honored With VentureNEXT Startup Award

Creator of Revolutionary Bio-Composite Polymer Receives Recognition from TechColumbus at Inaugural VentureNEXT Event

COLUMBUS, Ohio (Nov. 24, 2014) – Today, Biobent Polymers, whose mission is to improve global sustainability by replacing the non-renewable, petroleum content in plastics with abundant agricultural co-products, announced it has received one of three VentureNEXT Startup Awards from TechColumbus. The awards ceremony took place Nov. 6 at the LC Pavilion with a crowd of several hundred in attendance.

Spun out from Marysville-based Univenture Inc., Biobent is commercializing an R&D 100 award winning technology based on a unique chemical/mechanical process developed by Battelle. This technology can convert petroleum-based plastic resins into bioplastics incorporating up to 40 percent sustainable feedstocks derived from soy or other plants. By replacing a significant amount of plastic with a renewable agricultural feedstock, Biobent is able to deliver bioplastic resins that are less expensive for virtually any plastics product manufacturer.

“Biobent was a standout in the field of startups,” said Aggie Haslup, business and marketing consultant and judge for VentureNEXT. “They’re doing exciting work that’s revolutionizing the space, while making all the right moves to take this young startup to the top of the thermoplastics industry.”

“This is an exciting time to be part of the Central Ohio entrepreneurial community,” said Tom Walker, chief executive officer, TechColumbus. “These young companies exemplify the impact that entrepreneurs and startups are creating here.”

“Biobent is honored to receive this VentureNEXT award and recognition,” said Keith Masavage, chief executive officer, Biobent Polymers. “This provides yet another proof point in Biobent’s rise in the thermoplastics industry. The market opportunity is huge for this technology and provides the chance to combine Ohio’s wealth of agriculture with its leadership in the polymer industry.”

Biobent is currently based in TechColumbus’s incubator and continues to work closely with Battelle on research and development.

About VentureNEXT

VentureNEXT is a celebration of all things entrepreneurial in Central Ohio. VentureNEXT brings together Central Ohio’s top entrepreneurs, startups, investors, inventors, innovative corporations, community leaders, and economic developers for an amped-up evening of connection, insight, and recognition, with an entirely local flair. For more information, visit www.venturenext.org.

About Biobent Polymers

Biobent Polymers™ was created in 2011 with a monumental goal to reshape the polymers landscape by commercializing a line of price and performance competitive bio-composite plastics for a greener 21st century. Starting with soy-based bioplastics exclusively licensed from the Battelle Memorial Institute, the Columbus, Ohio operation is the first in the nation to offer renewable polypropylene (PP) and polyethylene (PE) bioplastics with the physical properties of conventional plastics while using up to 40 percent less petroleum. Drawing on over 60 years of award-winning senior level engineering and production expertise combined with strong relationships in the plastics and agribusiness markets, Biobent Polymers continues to refine its product offerings. For more information, visit www.biobent.com.

Biobent introduces a family of bio-composites that provide enhanced sustainability and eliminates traditional performance compromises

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Marysville, OH—January 20, 2011— Biobent Polymers™ today launched its production process enabling a new generation of bioplastics. The new bio‐composite is the industry’s first bioplastic resin to maintain the characteristics of the base plastic material while replacing up to 40% of the petroleum normally used in plastics manufacturing. The award‐winning technology behind the bio‐composite was developed by Battelle Memorial Institute with funding from the Ohio Soybean Council, and licensed exclusively to Biobent. The announcement was made by Keith Masavage.

The first two production processes Biobent will offer are for Biobent PP™ and Biobent PE™. These bio-composite polypropylenes and polyethylenes will be priced competitively in the thermoplastic market. Most bioplastics are significantly more expensive than their petroleum derived counterparts, but this will not be the case for the new bio-composite products. The innovative process used to make the bioplastic is capable of blending traditional thermoplastics with a low cost, unrefined agricultural co-product – soy meal. The net result is high performing bio-composite materials with a cost structure competitive with purely petroleum derived plastics.

“This is the first line of bioplastics without traditional compromises,” stated Mr. Masavage. He added that “Bioplastics have been on the market for decades but every material introduced to date has required sacrifices in performance or price, and often both. Only Biobent offers enhanced sustainability, high performance and a competitive price.”

Funded by the Ohio Soybean Council, researchers at Battelle developed a patent pending process to combine soybean meal with “off the shelf” plastic resins. The resulting bio-composite replaces 30%-40% of the petroleum-based resin with low-cost agricultural co-products. This unique bio-composite was tested in Univenture’s patented UniKeep™ binders, which were injection molded at its manufacturing facility in Marysville, Ohio. The successful production of UniKeep binders affirmed the commercial potential of this revolutionary technology.

In late 2009 this innovation received a coveted R&D 100 Award. The R&D 100 Award was founded by R&D Magazine in 1963 to promote the 100 most technically innovative products developed each year, in applications as diverse as environmental sciences, energy devices, semiconductor, software, and communications. Evaluation kits of Biobent PP™ and Biobent PE™ are available upon request. For a free evaluation kit, contact Keith Masavage at kmasavage@biobent.com or (937) 645-4600.

ABOUT UNIVENTURE Univenture Inc. has been designing and manufacturing plastic products, including those made of biobased plastics, since its founding in 1988. The company was listed on the Inc. 500 fastest growing privately held companies five times and the Small Business Administration named founder, Ross O. Youngs, National Business Person of the Year in 1997. The dedicated focus of the Univenture team has resulted in numerous industry awards and accolades for its innovation, commitment to customers and sales growth.

PHOTO LIBRARY – A high resolution photo library of the Biobent Polymers™ sustainable bioplastics is available for download via the following link: http://stylegroup.com/biobent

INTERVIEWS – Univenture’s Chief of Strategy and Operations, Keith Masavage, is available for interviews and desk side briefings regarding Biobent Polymers™. He is also available to provide expert quotes and bylined articles upon request. To schedule an interview or discuss article options contact Steven Style at 212-465-1290212-465-1290 or stevens@stylegroup.com

Biobent Polymers’ Revolutionary Bioplastics Set New Industry Standard for Performance While Cutting Petroleum By Up To 40%

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Biobent introduces a family of bio-composites that provide enhanced sustainability and eliminates traditional performance compromises.

Marysville, OH—January 20, 2011— Biobent Polymers™ today launched its new family of bioplastics. The new bio‐composite is the industry’s first bioplastic resin to maintain the characteristics of the base plastic material while replacing up to 40% of the petroleum normally used in plastics manufacturing. The award‐winning technology behind the bio‐composite was developed by Battelle Memorial Institute with funding from the Ohio Soybean Council, and licensed exclusively to Univenture, an innovative manufacturer of eco‐friendly plastic packaging and products. The announcement was made by Keith Masavage.

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Univenture, Battelle, and the Ohio Soybean Council Win Prestigious R&D 100 Award

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Polypropylene and Soybean Meal Provide Agricultural Plastic for UniKeep Binders

Marysville, OH—August 24, 2009—Univenture, Inc. is pleased to announce the R&D 100 Award received for their joint entry with Battelle and the Ohio Soybean Council. The award for Bio-based Materials Derived from Agricultural Co-Products will be formally presented during a gala awards ceremony in Orlando, Florida, on November 12, 2009. Read More