Hamburg-based K.D. Feddersen Holding GmbH supports through a follow-up stake in the start-up Biofiber Tech Sweden AB the production upscaling of their material innovation FibraQ®. Hamburg-based K.D. Feddersen Holding GmbH has, together with other existing shareholders, e.g. Almi Invest GreenTech, completed a follow-up investment in Biofiber Tech, a Sweden-based green tech start-up. The investment enables Biofiber Tech to take the next step and achieve full-scale production of their material innovation FibraQ® as well as to strengthen Biofiber Tech’s personnel resources to realize these goals.
The investment will deepen the strategic partnership between the Feddersen Group and Biofiber Tech. The continued collaboration will focus on sales and marketing for FibraQ® and the FibraQ® compounds, toll compounding as well as new product development projects with the Feddersen Group companies, AKRO-PLASTIC and its branch office, BIO-FED as well as K.D. Feddersen Distribution.
Recently, Biofiber Tech and the Feddersen Group presented themselves as forward-looking partners at Chinaplas, the
leading plastics and rubber trade show. The world's first 3D-printed full-size kayak made of wood fibers and recycled plastic compounds was exhibited.
FibraQ® are modified wood fibres and wood fibre compounds that provide optimal compatibility with plastics to achieve the best possible properties in technical applications in injection moulding, extrusion, thermoforming and 3D printing. Hence, FibraQ® can be used as a sustainable alternative in multiple products and applications to reduce global carbon emissions.
‘We are excited to deepen our partnership with the Feddersen Group,’ said Eric Zhang, Founder and CEO of Biofiber Tech. ‘This investment will help us achieve our large-scale production goals needed to meet the market demand and for us to continue to innovate in the green tech space.’
‘Striving towards sustainability is a central theme within the Feddersen Group. We take our responsibility seriously. This is what connects us with Biofiber Tech. We are therefore pleased to further and intensively support the development of Biofiber Tech and FibraQ® as a strategic partner that brings many years in the conventional business to the table. Coupled with the innovative
strength of Biofiber Tech, we see a chance to expand our portfolio to include further bio-based plastics of the highest quality.’ said Volker Scheel, Managing Director of K.D. Feddersen Holding GmbH.
About Feddersen Group Feddersen Group is a global player in the plastic industry with an annual turnover of more than 1 billion euros and more than 1,100 employees worldwide. They have a strong presence in Europe, Asia and Latin America. The core competencies of the group lie in the development, production and distribution of technical polymers, mechanical engineering and development as well a
s trade in machinery for polymer processing. Engineering services, wholesale trade and foreign trade of stainless steel, other raw materials and technical products are also important pillars of the group. Since 2021, port F, the Feddersen Group's Innovation Lab, has been scouting innovative ideas and start-ups in order to build alliances in the interests of sustainability and to promote a circular economy in the plastics industry.
K.D. Feddersen is a worldwide trade and distribution specialist of engineering plastics, technical products, raw materials, raw polymers and speciality chemicals. K.D. Feddersen has been around for over 70 years and have subsidiaries and offices around the world.
K.D. Feddersen Shanghai registered in Shanghai in 1998, is a wholly foreign owned subsidiary of Feddersen Group, focusing on the distribution and market development of engineering plastics within the Chinese market.
AKRO-PLASTIC GmbH is a specialist for innovative and application-oriented plastic compounds. With over 30 years experience, they have comprehensive knowledge of plastic compounding. Producing over 165,000 tonnes of plastic compounds every year.
BIO-FED: BIOFED, is a specialist for innovative and application-oriented biocompounds. The BIO-FED team consists of experts in the development, compounding and marketing of biodegradable and biobased plastics.
port F, the port for start-ups and co-innovators who aim to make the plastics industry circular and fit for the future.
Their focus is on sustainable materials, recycling technologies, digital technologies and business models that connect players along the value chain. In addition to the material specific focus, port F opens the gates for ideas that have synergy potential with the current business areas of The Feddersen Group.
About Biofiber Tech Sweden
Biofiber Tech is an innovative green tech company based in Stockholm, Sweden that offers FibraQ®, a modified wood fibre-based product in granulate form to the plastic industry for use in long lasting plastic applications to reduce the use of fossil-based plastic. Biofiber Tech’s modification technology make wood fibre’s more compatible with plastics. Making sure wood fibre-based plastic can be used as a sustainable alternative in multiple products and applications to reduce global carbon emissions.
For more information contact:
Eric Zhang, Founder & CEO, Biofiber Tech Sweden AB Email: firstname.lastname@example.org Phone: + 46 70 673 9107
Silke Hamm, Business Development, Feddersen Group Email: email@example.com Phone: +49 160 4420 590