Innovative approach of Solegear Bioplastics and Comerica Bank to secure venture debt facility

Venture debt facility from the leading tech-focused Comerica Bank was recently secured by Solegear Bioplastics Inc. which is the largest and most popular developer of plant-based bioplastics for different types of durable product and packaging applications. This will certainly give the much needed boost to the mission and growth of the latest development plans of Solegear which is ready to deliver its bio-plastic materials.

Of course, there will be more openness and exposure to the sales growth of compostable plastics that are bio-based with the use of such funds. As per this deal mentioned on http://bio-based.eu/news/solegear-bioplastics-secures-venture-debt-facility-comerica-bank/, more funds may be released and secured for such bio-plastics processing & development in the near future so that financial flexibility can be achieved easily.

Solegear has already established non-commercial debt facility earlier this summer to receive funds for the technical innovation purposes from Canadian Government which will be solely invested in up grading the commercial activities and development of bio-based compostable plastics.

When it comes to development and production of the next generation plastics, Solegear has earned a unique reputation by commercializing the production of bio plastics through plant-based renewable ingredients.

 http://bio-based.eu/news/solegear-bioplastics-secures-venture-debt-facility-comerica-bank/ further states that Green Chemistry technology has been used to develop these high-performance compostable inplastics that will be used in various applications such as durable plastics and rigid packaging.