REBICOM SIGNED

Project "REBICOM" data sheet

The following table provides information about the project.

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 Project objective

Plastics are an iconic example of the traditional, linear economic model, based on a 'take- make-consume-throw away' pattern, flexible bags, sachets, packaging, etc. made of plastic film are daily used by consumers in a single use in several sectors like post mail. The increasing environmental concern/preferences are driving the demand for biodegradable and compostable films, but existing solutions hardly can cover the business need. REBICOM® is a a new innovative reusable, recyclable and bio-compostable film not using agricultural production but biodegradable and compostable 100% aerobically plastic biodegrade in less than 180 days, becoming water, humus and CO2in an industrial, environmental and economic global competitiveness (Asia). Polymers from vegetal origin present technical difficulties to be transformed into films in high capacity plants with bi-oriented film lines production, which are the most industrially efficient. This industrial process requires that the polymers used have high resistance to the stretching and the temperature, which do not possess the vegetal origin films and that raises its price (50% higher) and higher density (i.e. PLA-1,24 gr/cm3 vs PP-0,90), which significantly reduces the performance of the film not economically viable for the industry and increasing by 38% the weight of plastic material used for the application. Conclusions from a deep market study indicates that this is our market opportunity. IFS team of 35 people (engineers, production, business developers…), has patented and demonstrated REBICOM® at one of the main customer manufacturers, with significant better properties than competing solutions (15% weight, 14% thickness and 5% production costs reduction), and better price (3,15€/Kg). REBICOM® has a total addressable market potential of €1.000M in flexible packaging segment, growing the company EBITDA from 10% to 29% in 5 years, creating 104 jobs and contributing to enhance 2030 EU targets.