Evanesce Packaging Solutions, a sustainable packaging disruptor, is jumping into the market with its first mass-produced, highly compostable line of straws.
The Vancouver-headquartered company recently closed a $3.9 million Series A funding round led by Pyfera Growth Capital and plans to build a plant in South Carolina with the potential to produce 1 billion units annually.
Already in use by leading coffee brands, convenience stores, and food service companies through a joint venture agreement, Evanesce’s modified Polylactic Acid (PLA) straws are on par or cheaper than paper straws, offer significantly improved durability, and compost within 90 days.
“As Earth Day approaches, we can’t ignore the 500 million straws used in the U.S. every day or how Styrofoam makes up 30% of landfill content taking 500 years to decompose,” said Douglas Horne, Founder and Chief Executive Officer of Evanesce Packaging Solutions.
“The EU, Canada, certain U.S. states, and other countries have stepped up to ban single-use plastics this year and consumers want cost effective environmentally conscious packaging creating a greater need than ever before for industries to adopt greener packaging.”
Late this year the company plans to launch its own patented solution that will be a game changer for supermarkets, food service companies and food processors to reduce their packaging costs while meeting increasing environmental regulations and public demand for more sustainable solutions.
Evanesce’s proprietary starch and fiber-based meat and meal trays are approximately half the cost of leading “green” tray alternatives and are expected to be available in mass scale in early 2022.
Photo by Markus Winkler on Unsplash
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