Evanesce Packaging Solutions Inc.
Symbol:
Private
Market Cap:
Private
Sector:
Environmental
Summary:
- Evanesce is accelerating the adoption of compostable, plant-based food service and packaging solutions in the global 1.1 trillion annual market.
- Evanesce designs, develops and manufactures sustainable packaging solutions that are certified compostable, commercially scalable and cost-competitive using the latest advancements in material science.
- Their revolutionary patented Starfybr® Technology uses upcycled plant materials, is home compostable and decomposes in less than 90 days. Evanesce’s plant-based compostable food packaging products include readily available biopolymer compostable straws, cups, lids, containers and cutlery and industry unique StarFybr® molded starch products.
- Evanesce is currently working with some of the largest global brands to launch StarFybr® products for hot cups and meat trays. As well, successful pilot projects with prisons and schools are leading to adoption of StarFybr® 5 compartment meal trays later in 2024.