Algenesis Materials Revenue and Competitors

Our scientists redesigned plastic materials to harmonize with nature. Our patented Soleicâ„¢ technology is the world's first high performance, renewable, and fully biodegradable plastic material made from algae. Algenesis was founded in 2016 by three professors from UC San Diego, Dr. Stephen Mayfield, Dr. Micheal Burkart, and Dr. Robert Pomeroy. Together they combined their knowledge and background and worked their way into the polymer market where customers had an unmet sustainability need. Traditional petroleum plastics are responsible for a tidal wave of air, land, and sea pollution that is destroying ecosystems and harming wildlife. Soleicâ„¢ technology was developed to address this global plastic pollution crisis. Our initial product line consists of soft foams for footwear and hard foams for surfboards. We continue to research new applications for Soleicâ„¢ technology. Algenesis is also developing new technologies with exciting product applications across multiple industries