Bioextrax AB
Climate Impact & Sustainability Data (2020-2023e, 2021-06 to 2022-06)
Reporting Period: 2020-2023e
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainable industry, innovation, and infrastructure
- Responsible consumption and production
- Oceans and marine resources
Environmental Achievements
- Developed a unique, bio-based and cost-effective process for producing biodegradable PHA plastic, reducing reliance on unsustainable plastic solutions.
- Developed a bio-based method for converting poultry feathers into animal feed, reducing waste and environmental impact.
Social Achievements
- Developed a bio-based method for converting poultry feathers into animal feed, creating a more sustainable and nutritious protein source.
- Developed a patent-pending method for converting feathers into microfibers for various applications.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Becoming a leading player in the bioplastics market.
- Achieving significant market share in PHA and feather protein segments.
Medium-term Goals:
- Securing multiple license agreements and capturing market share in PHA and feather protein segments.
- Achieving EBIT positivity.
Short-term Goals:
- Successfully scaling up production in the new facility.
Environmental Challenges
- Scaling up production to meet increasing demand.
- Securing license agreements with potential customers.
- Competition from established players in the plastic and animal feed markets.
- Potential for competitors to adapt better to the market and develop new products.
- Uncertainty regarding the protection of patents and intellectual property.
- Financial risk of not achieving sufficient revenue or positive cash flow to finance operations.
Mitigation Strategies
- Acquired a new facility to scale up production.
- Engaging in ongoing collaboration projects with various companies.
- Focusing on projects with high commercial potential.
- Developing unique and environmentally sustainable solutions.
- Securing patents and intellectual property rights.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Utilizes waste materials as inputs.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Market competition
- Changes in legislation
Opportunities
- Growing demand for sustainable materials
- Potential for cost savings and increased efficiency
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 9
- Goal 12
- Goal 14
Bioextrax's technologies contribute to sustainable development by developing processes that enable more efficient use of resources, creating environmentally conscious alternatives for consumers, and protecting oceans and marine species from contamination.
Sustainable Products & Innovation
- Biodegradable PHA plastic
- Hydrolyzed protein from poultry feathers
- Microfibers from feathers
Awards & Recognition
- Not disclosed
Reporting Period: 2021-06 to 2022-06
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Production of PHA bioplastics, which are fully biodegradable and do not produce harmful byproducts during decomposition.
- Development of cost-effective and chemical-free technologies for the production of bio-based products while recycling organic waste or by-products.
Social Achievements
- Expansion of the organization through new hires.
- Strengthened organization with Advisory Board and leading officers.
Governance Achievements
- Received 0.9 MSEK in innovation support from the EU for a project aimed at developing solutions to replace conventional plastics in packaging.
Climate Goals & Targets
Long-term Goals:
- To be a world leader and radically transform the industries where Bioextrax technologies are offered, drastically reducing both production costs and the environmental impact of each process.
Short-term Goals:
- Continue commercialization of technologies, in line with 2022 goals.
Environmental Challenges
- Meeting the increasing demand for technologies and products.
- Securing funding for evaluation projects and production equipment.
Mitigation Strategies
- Two directed share issues in April 2022 raised approximately 18.4 MSEK before emission costs.
- Use of proceeds from the exercise of warrants to finance evaluation projects, production equipment, and organizational expansion.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- PHA-plastic is fossil-free, biodegradable, and renewable, giving it an important role in a world grappling with global warming and extensive littering.
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
- Goal 2 (Zero hunger)
Bioextrax technologies contribute to these goals through reduced CO2 emissions, reduced plastic waste in the oceans, and securing access to nutritious food.
Sustainable Products & Innovation
- PHA bioplastics
- Hydrolyzed protein from feathers for feed and food industry
- Keratin microfibers for various applications