Samsara Eco gets first strategic investor in SE Asia

Japan’s Kanematsu Corporation has made an investment in Australian environmental technology startup Samsara Eco. According to a statement from Samsara – which has developed an enzyme-based process to dissolve end-of-life plastic back into its component monomers for reuse – trading company Kanematsu acquired the strategic stake by accepting Samsara’s third-party allotment of shares.  “Through this…

lululemon, Samsara say new recycled polyester jacket is a world first

Plastic recycling startup Samsara Eco has announced the next step in its partnership with athletic clothing brand lululemon, launching their first product containing “enzymatically recycled polyester” on Thursday. According to a statement from the pair, a limited edition Packable Anorak jacket by lululemon contains “a variety of inputs, including mixed plastic waste, lululemon apparel at…

“Infinite recycling” startup Samsara raises $54 million in Series A

Recycling technology company Samsara Eco has announced completion of a $54 million Series A round, ahead of plans to begin volume production next year. The Australian National University spinout officially launched in September 2021, and is commercialising an “enzymatic depolymerisation” approach to recycling. This uses engineered enzymes to break plastics into monomers which can be…

“Largely untapped” synthetic biology industry could be worth $30 billion, 50,000 new jobs by 2040: report

Synthetic biology could be an industry worth $30 billion to the nation annually and create 50,000 new jobs by 2040, according to the new Synthetic Biology National Progress Report, with the greatest activity expected to be in food and agriculture, followed by health and medicine industries.  The report was written by CSIRO Futures, with support…