IKEA Joins Advanced Bioeconomy via Newlight Deal
by Jim Lane (Biofuels Digest) In Sweden, IKEA and Newlight Technologies have entered into a supply, collaboration, and technology license agreement that will supply IKEA with Newlight’s AirCarbon and enable IKEA to produce AirCarbon thermoplastic under a technology license.
Under the agreement, IKEA will purchase 50% of the material from Newlight’s 23,000 tonne per year plant in the United States, and subsequently IKEA has exclusive rights in the home furnishings industry to use Newlight’s carbon capture technology to convert bio-based greenhouse gases, first from biogas and later from carbon dioxide, into AirCarbon thermoplastics for use in its home furnishing products.
The AirCarbon production process begins with concentrated methane-based carbon emissions that would otherwise become a part of the air, rather than fossil fuels that would otherwise remain underground, including air-bound methane emissions generated from farms, water treatment plants, landfills, and energy facilities.
Newlight is now using the company’s patented, award-winning greenhouse gas-to-plastic bioconversion technology to produce plastics from air and methane-containing greenhouse gas emissions generated at a farm.
IKEA’s long-term ambition is for all the plastic material used in their home furnishing products to be renewable or recycled material. The company is starting with their home furnishing plastic products, representing about 40% of the total plastic volume used in the IKEA range. READ MORE