KKT Puts More Than 100 Million Yen Into PlaX Fiber Maker Bioworks
KKT LLC, based in Chiyoda-ku, Tokyo, has invested over 100 million yen in Bioworks Co., Ltd. of Seika-cho, Kyoto Prefecture through a third-party allotment of new shares.
1 source 1d ago
Reporting from 1 source: ASCII.jp.
Why it matters
The investment puts outside capital behind a Japanese materials company that treats a plant-derived polyester alternative as an industrial proposition, not a laboratory one, and Bioworks' own figures make the cost case explicit.
Key Facts
- KKT LLC invested over 100 million yen in Bioworks Co., Ltd. through a third-party allotment of new shares.
- Bioworks is headquartered in Seika-cho, Soraku-gun, Kyoto Prefecture, and its president is Koji Sakamoto.
- Bioworks makes PlaX, a plant-derived synthetic fiber based on polylactic acid from sugarcane and other feedstocks.
- Bioworks states PlaX filament manufacturing cuts CO2 emissions by 70% compared with polyester, and staple fiber by 50%.
- Bioworks states PlaX reduces water use from raw material through yarn manufacturing by 92% compared with cotton.
Bioworks develops PlaX, a plant-derived synthetic fiber built on polylactic acid from sugarcane and other feedstocks. The funds go to development, patent costs, personnel, outsourcing, and working capital for the PlaX business.
KKT LLC, whose president is Tamaki Kanemori, signed the investment through a third-party allotment of new shares rather than a purchase of existing stock. The money goes toward development, patent-related costs, personnel and outsourcing, and working capital for the PlaX business, and KKT says it will support Bioworks' growth over the medium to long term beyond the cash.
Bioworks, led by Koji Sakamoto, builds PlaX by adding its own plant-derived additive to polylactic acid. The fiber is offered as filament and staple fiber, and the company's published figures put filament manufacturing CO2 emissions 70% below polyester and staple fiber 50% below, with water use from raw material through yarn manufacturing 92% below cotton.
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