Feltwood

Feltwood is a Spanish manufacturing startup founded in 2010 that aims to address the environmental issue of plastic waste with its innovative technology. With the slogan "We develop technologies to produce biodegradable industrial materials from vegetal waste," Feltwood has developed a process to manufacture biodegradable industrial materials from vegetal waste. The challenge that Feltwood aims to tackle is the long degradation period of plastic, which has led to severe environmental consequences. The ingestion of plastic waste by marine life has caused the death of 100,000 marine mammals, such as whales or dolphins annually. The technology developed by Feltwood utilizes agricultural residues to create materials without adding any plastic, adhesive, or binder. The target beneficiaries of Feltwood's technology are companies with agricultural vegetable waste seeking to turn them into raw materials, and companies in search of sustainable materials to stay ahead in the market. Feltwood's materials serve as an ecological alternative to polluting materials at a competitive price, contributing to a circular economy and reducing environmental damage caused by traditional materials. Feltwood's materials serve as alternatives to plastics and wood in various applications, including flexible materials for supermarket trays, hard materials equivalent to wood, and light insulating materials for packaging and construction. The company's last investment was a Non Equity Assistance investment at 31 January 2024, received from StartBEC. In essence, Feltwood's innovative approach to manufacturing biodegradable industrial materials from vegetal waste presents promising solutions to the pressing environmental challenge posed by non-degradable materials, aligning with the growing global emphasis on sustainability.