Biomaterials platform Mynusco to fight climate change | By The Economic Times
BENGALURU: Mynusco, a Bengaluru-based biomaterials company, formerly known as Spectalite is assisting companies and consumers reduce their carbon footprint. It helps companies choose from their wide range of biomaterials, develop new materials, design products with circular principles, convert materials into finished products and assess the lifecycle impact of the products.
Mynusco means “subtract the harm caused on our ecology”. The company uses AI to choose the right biomaterial for diverse needs and use blockchain to dynamically track the carbon footprint and resource stewardship across the product lifecycle. They have a repository of more than 1000 biomaterials to choose from. Mynusco has helped companies across the automotive, consumer goods, furniture, personal care, packaging and hospitality sector to implement circular solutions with their biomaterials platform.
The company is enabling the transition of plastics economy into a sustainable future. 4.5% of the global CO2 emissions are from making, using, and disposing of plastics. The plastics economy is more than 2 trillion dollars, globally. Converters of plastic material into products can now use biomaterials from Mynusco as drop-in solution to replace plastics, with minimal or no change to their current mould and machinery. This creates a significant opportunity for plastics economy to seamlessly shift to a more sustainable business.
Mynusco aims to create value to crop-waste, thereby encouraging farmers to avoid crop-burning. India produces more than 500 million tons of crop waste every year and 2/3rd of this is either burnt or discarded resulting in pollution and greenhouse gas emissions. Instead of burning, if we find novel ways to use crop-waste, we can potentially arrest 25% of India’s carbon emissions. Mynusco uses crop-residue such as rice husk, rice straw, coffee husk, bamboo-waste to make their biomaterials, thereby also helping farmers with significant increase in their income for each harvest.
Mahadev Chikkanna Founder & CEO, Mynusco said in a statement, “Sustainable materials alone cannot fight the climate change. We need true partnerships across different stakeholders with commitment to sustainability goals in order to achieve meaningful results. That is why we have created a platform for biomaterials where we inspire, educate, learn-from and encourage OEMs, converters, research organisations to collaborate in developing truly sustainable solutions.
Mynusco aims to enable a rapid transition to an earth-friendly economy in partnership with businesses and the community, using their expertise in biomaterials and circular industrial processes.
