Chemovator invests in Detroit-based startup Heartland rethinking plastics using natural fiber reinforcements
BASF SE S/ADR (BASFY)
NASDAQ:AMEX Investor Relations:
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Source: GlobeNewswire
Heartland works with local farmers to produce natural fiber materials, enabling manufacturers to create more sustainable products.The investment builds on an existing partnership between Heartland and BASF’s North America Open Research Alliance (NORA).Heartland is the latest addition to Chemovator’s Elevate program for early-stage chemistry startups looking to take their idea to the next level. DETROIT and MANNHEIM, Germany, May 02, 2024 (GLOBE NEWSWIRE) -- Chemovator, the business incubator and early-stage investor of BASF, has successfully finalized an investment in Heartland. The Detroit-based startup is a frontrunner in the production of natural fiber plastic additives, and the latest addition to Chemovator's external-facing Elevate program. Heartland helps manufacturers to reduce the product carbon footprint of plastic and rubber products Supported by a team of scientists, engineers, and technologists, Heartland has developed hemp-based materials that can be used as additive
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