{"id":74756,"date":"2022-11-10T02:18:23","date_gmt":"2022-11-10T02:18:23","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/10\/israels-biotic-gets-eur-2-mn-in-funding\/"},"modified":"2022-11-10T02:18:23","modified_gmt":"2022-11-10T02:18:23","slug":"israels-biotic-gets-eur-2-mn-in-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/10\/israels-biotic-gets-eur-2-mn-in-funding\/","title":{"rendered":"Israel\u2019s Biotic gets EUR 2 mn in funding"},"content":{"rendered":"<p><strong>Israeli plastic-substitute company <\/strong><strong><a href=\"https:\/\/www.biotic-labs.com\/\">Biotic<\/a><\/strong><strong> raised EUR 2 mn (USD 2.01 mn) in a seed <\/strong><strong>round<\/strong>, according to a <a href=\"https:\/\/rockstart.pr.co\/219935-biotic-raises-2m-seed-round-to-commodify-biodegradable-plastic-materials\">press release<\/a>. Biotic produces biodegradable plastic by processing extracts of the carbon source of biomass \u2014 a macroalgae which grows in the ocean \u2014 using saline water. The funds will be used to increase the range of polymer types and build a plant to ramp up production capacity.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Google\u2019s flood forecasting program<\/strong> can now provide life-saving forecasts <strong>one<\/strong><strong> week in advance<\/strong>, <a href=\"https:\/\/fortune.com\/2022\/11\/08\/google-ai-global-flood-hub-prediction-tool\/\">Fortune<\/a> reports. The tech offering is now available in 18 across Africa, South America, and southeast Asia, <a href=\"https:\/\/www.wired.com\/story\/google-ai-wildfire-flood-tracking\/\">Wired<\/a> reports.<\/li>\n<li>German energy company <strong>Uniper<\/strong> and Israeli oil and gas firm <strong>NewMed Energy<\/strong> signed an MoU that will see both parties collaborate on exporting blue and green hydrogen from Israel to Europe, according to <a href=\"https:\/\/www.offshore-energy.biz\/uniper-partners-with-newmed-energy-on-lng-and-hydrogen-to-minimise-energy-crisis\/\">Offshore Energy<\/a>.<\/li>\n<li><strong>UAE-based <\/strong><strong><a href=\"https:\/\/www.farnek.com\">Farnek<\/a><\/strong> launched <a href=\"https:\/\/www.carbon-tek.com\/\">CarbonTek<\/a>, an <strong>online carbon footprint<\/strong><strong> calculator<\/strong> to assist companies in achieving net zero, according to a <a href=\"https:\/\/www.farnek.com\/farnek-launches-digital-solution-to-support-uae-businesses-on-their-journey-to-net-zero\/\">company statement<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Israeli plastic-substitute company Biotic raised EUR 2 mn (USD 2.01 mn) in a seed round, according to a press release. Biotic produces biodegradable plastic by processing extracts of the carbon source of biomass \u2014 a macroalgae which grows in the ocean \u2014 using saline water. The funds will be used to increase the range of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,255,1254,57,11,1253,172,298,1121,203,876],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74756","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-carbon-offsetting","tag-carbontek","tag-climate-change","tag-enterpriseclimate","tag-farnek","tag-germany","tag-hydrogen","tag-israel","tag-net-zero","tag-united-arab-emirates","wpautop","entry"],"acf":{"mongo_id":"016b4341-3034-4b2e-9023-07cf870d01fd","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[74743],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Israel\u2019s Biotic gets EUR 2 mn in funding - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/11\/10\/israels-biotic-gets-eur-2-mn-in-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Israel\u2019s Biotic gets EUR 2 mn in funding\" \/>\n<meta property=\"og:description\" content=\"Israeli plastic-substitute company Biotic raised EUR 2 mn (USD 2.01 mn) in a seed round, according to a press release. 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