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.
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.