Innovating sustainable materials from invasive algae from the Caribbean to tackle plastic pollution

BioPlaster works to transform invasive sargassum into sustainable bioplastics as a scalable and economically viable alternative to petroleum-based plastics, reducing environmental impacts while generating inclusive socioeconomic opportunities for coastal communities in Mexico.

Project Detail

Country

Mexico

Project Number

ME-G1035

Approval Date

Project Status

Preparation

Project Type

Investment Grants

Sector

OTHER

Subsector

OTHER

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 950,000.00

Country Counterpart Financing

Original Amount Approved

USD 950,000.00