About Intropic Materials
Intropic Materials is a company focused on sustainable materials and bio-based economy. The company's main service involves combining the performance of proteins with patented stabilization technology to create self-degrading products that can be composted or recycled, addressing the plastic waste problem. The company primarily sells to the sustainable materials and bio-based economy sectors. It is based in Oakland, California.
Latest Intropic Materials News
Oct 31, 2023
Burgundy Visuals for GreenBiz Carbon Limit, a company that traps CO2 into cement, is GreenBiz’s Climate Tech Startup of 2023. The company stood out for its ambition to decarbonize construction, a sector known for its big contribution to greenhouse gas emissions. Carbon Limit , which was awarded $20,000, beat out five other startups that pitched their businesses at our 11th Annual VERGE Accelerate competition last week in San Jose, Calif. The other finalists where: BLIXT (energy storage maximization tech); Cascadia Seaweed (aquaculture tech); ElectricFish (a battery-integrated fast EV charger); Bedrock Energy (building decarbonization tech); and Intropic Materials (plastic degrading enzymes). These had been whittled down from 35 semi-finalists , determined through an online vote of 121 applicants, which each represented one of six sectors: carbon, energy, food/agriculture, transport, buildings, and biodiversity. But what separated the winner from the rest was its innovative solution. Carbon Limit focuses on capturing carbon dioxide from the air and storing it in cement and concrete, working to ultimately decarbonize the notoriously dirty industry sector. Gabriel Kra, managing director of Prelude Ventures and Accelerate competition industry expert, explained why Carbon Limit’s strategy ultimately stood out, saying, “Going after concrete and cement, that is a huge problem…it’s a tough business to win in and so I was really excited to hear that pitch [from] that entrepreneur.” Intropic Materials , a startup that created enzymes to break down plastics, nabbed second place, with Bedrock Energy , a geothermal-based decarbonizing solution, securing third. The What, Why, and Where of Carbon Limit “[My team and I] saw that concrete is one of the biggest polluters, and one of the biggest opportunities,” Sperry told GreenBiz, “Behind water, it's the second most used material on the planet.” Concrete production is estimated to contribute around 8 percent of global GHG emissions. So Sperry created Carbon Limit and its premiere product, Capturecrete. Capturecrete is an additive that allows any concrete – from any company – to absorb and sequester carbon dioxide. Capture Crete, “is made up of active minerals that when added to concrete, allow it to attract CO2 like a magnet. In turn, the CO2 is permanently stored,” said Sperry. Image courtesy of Carbon Limit But Capturecrete wasn’t the original vision of Carbon Limit. “Carbon Limit started in TechStars Accelerator program as a direct air capture box,” Sperry explained, “We were like, ‘Hey, we’ll capture some CO2 in this box and then we’ll put it into cement and sell it to concrete companies.’” But, like many climate tech startups, Sperry quickly realized that his idea was anything but novel, “We were not understanding of the market, because [the products] we were selling were dime a dozen. We found that our model wasn’t financially viable or interesting for investors.” So Sperry and Carbon Limit pivoted. Carbon capture technology that once depended upon a shipping container like box to scrub CO2 out of the air and store it into concrete evolved into Carbon Limit in its current form. “Our strategy is for larger cement and concrete companies to license our technology,” Sperry clarified. The companies that include Capturecrete in their cement or concrete can then generate carbon credits, managed by Carbon Limit and accredited by forward-crediting platform Covalent . Any funds generated by the carbon credits are split between Carbon Limit and its customer. Currently, Carbon Limit’s customers include Nebraska-based NCP Industries , the startup’s first official licensee. NCP produces lightweight concrete siding that’s placed on the side of a building or a home. Sperry said that NCP plans to launch its new Capturecrete products next month at the Deck Expo in Las Vegas . Carbon Limit is also in conversation with another potential customer that Sperry was unable to disclose at the time of our interview. “We have one really large concrete producer that we are negotiating with in terms of a licensing agreement.” He said to expect an update on the potential partnership in a week or two. When asked to speak to Carbon Limit’s competitive landscape in the market, Sperry rejected the notion of competition entirely. “We see all of our competitors as partners.” No company is currently offering similar services or products as Carbon Limit, according to Sperry. Instead, Carbon Limit’s peers serve as a boon to overall impact. “You can actually stack [competitor’s] solutions with ours, inherently creating an additional positive impact that amplifies our technology. We can coexist.” To date, Carbon Limit has raised a total of $1.5 million in funds from HG Ventures , including non equity assistance from AcceliCITY powered by Leading Cities , with an additional $2 million in grants from the Department of Defense and US Army Corp of Engineers. Carbon Limit’s next funding round is in November. Show comments for this story. More on this topic
Intropic Materials Frequently Asked Questions (FAQ)
Where is Intropic Materials's headquarters?
Intropic Materials's headquarters is located at 6049 Claremont Avenue, Oakland.
What is Intropic Materials's latest funding round?
Intropic Materials's latest funding round is Other Investors.
Who are the investors of Intropic Materials?
Investors of Intropic Materials include LAUNCH Accelerator.
Who are Intropic Materials's competitors?
Competitors of Intropic Materials include Earth Renewable Technologies and 4 more.
Compare Intropic Materials to Competitors
Repurpose is a company focused on reducing single-use plastics in the environment, operating in the sustainable home goods industry. The company offers a range of plant-based, compostable products including tableware, drinkware, and kitchen and bath items, all designed to provide eco-friendly alternatives to traditional plastic goods. Repurpose primarily sells to consumers looking for sustainable home goods. It is based in Los Angeles, California.
Full Cycle operates as a waste conversion technology process. It converts organic wastes into biodegradable plastic. It develops polyhydroxyalkanoate (PHA) for use by packaging companies for creating products such as plastic water bottles and wrappers. It was founded in 2014 and is based in San Jose, California.
True Eco Plus is a company focused on eco-friendly technology within the plastics industry. The company primarily develops bio-based plastics and functional plastic additives, offering products that are environmentally friendly and safe for food and human contact. True Eco Plus primarily serves sectors such as packaging, electronics, automotive, food service, cosmetics, and industrial applications. It is based in Suwon, South Korea.
he Hemp Plastic Company manufactures biodegradable plastics made from hemp. Its products include Hemp PLA, Hemp Propylene, Hemp Ethylene (HDPE), and Hemp ABS. The company was founded in 2018 and is based in Boulder, Colorado.
Zungleboo is eco-friendly tableware designed with the environment. Made to be sustainable and durable, for everyday use, all its products are created to be versatile, food-safe, and non-toxic, durable yet biodegradable and compostable.
Bio Futura is a company focused on sustainable entrepreneurship, specifically in the domain of biodegradable plastics and packaging. The company offers a range of eco-friendly disposable tableware and packaging products, all made from 100% renewable raw materials, providing a sustainable alternative to traditional plastic disposables. Bio Futura primarily serves sectors such as catering, festivals, street food, and takeaway services. It was founded in 2008 and is based in Rotterdam, Netherlands.