Samsara Eco, a start-up that uses plastic-eating enzymes to produce recycled packaging, has banked $54 million to build its first commercial 20,000-tonne facility in Melbourne.
Early investor Woolworths has already signed up for 5000 tonnes of its polyester product.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
