Pegasus Materials Secures Investment for Biobased Polymer Development
Maastricht, Friday, 3 January 2025.
Pegasus Materials B.V. received investment from LIOF and Fibrant to advance biobased polymers, offering sustainable alternatives for electronics and 3D printing across various industries.
Investment Details and Company Focus
The investment announced in November 2024 [1] enables Pegasus Materials B.V. to establish operations at the Brightlands Chemelot Campus, where they will focus on launching their initial products. The company specializes in developing high-quality biobased polymers through a combination of materials science, chemistry, and synthetic biology [1]. This development comes at a crucial time, as the global biopolymers market, valued at USD 17.5 billion in 2023, is projected to reach USD 47.4 billion by 2032 [2].
Technical Applications and Innovation
The company’s innovation primarily targets the electronics industry, with applications specifically designed for USB connectors and memory modules [1]. These biobased polymers represent a significant advancement in sustainable electronics manufacturing, offering alternatives to traditional petroleum-based materials. Additionally, the technology extends to 3D printing applications for spare parts in the aviation and automotive industries [1], demonstrating versatility across multiple high-tech sectors.
Market Impact and Environmental Benefits
This development aligns with broader industry trends, as global production capacities for bioplastics are expected to reach 2.87 million tons by 2025 [2]. The investment was made through LIOF’s Limburg Startup Capital Fund (LSCF), specifically targeting startups contributing to crucial societal transitions such as circularity [1]. The initiative reflects growing market demand for sustainable materials, with the packaging segment currently dominating the biopolymers market with a 50% share [2].