RWDC Industries Limited

RWDC Industries Limited is focused on developing Solon®, a proprietary biodegradable polymer that serves as an eco-friendly alternative to traditional plastics, addressing environmental challenges associated with plastic waste. RWDC Industries Limited, founded in 2015, is headquartered in Singapore. The company specializes in creating polyhydroxyalkanoate (PHA), a natural polymer. In November 2021, RWDC raised USD 95.

1 mn in Series B funding, co-led by Temasek Holdings and Vickers Venture Partners, among others. The company has completed a total of 5 deals, with its most recent deal occurring on 22 November 2021. Daniel Carraway serves as the CEO, steering the company in its operations and strategic initiatives. RWDC Industries specializes in the development and production of Solon®, a proprietary natural polymer known as polyhydroxyalkanoate (PHA).

This innovative material serves as a biodegradable alternative to traditional petroleum-based plastics, addressing critical environmental concerns associated with plastic pollution. Solon is designed to perform like conventional plastics while offering a sustainable solution for various applications, including food packaging, cutlery, paper coatings, films, and fabrics. The company collaborates with leading manufacturers across the European Union, North America, and global consumer goods brands, providing eco-friendly alternatives that meet sustainability standards. For the year 2021, RWDC Industries reported a revenue of USD 0 and an EBITDA of -USD 31,212,000.

The company generates revenue through partnerships and collaborations in a business-to-business model, engaging food packaging suppliers, beverage companies, and consumer goods manufacturers who utilize Solon as a sustainable replacement for conventional plastics. Following the successful Series B funding round in November 2021, RWDC Industries Limited plans to utilize the USD 95. 1 mn raised to significantly expand its PHA production capacity at its facility in Athens, Georgia, aiming for 50 kilotons per year. Additionally, the company intends to develop a new production facility in Singapore, facilitating further growth and market reach.