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Biodegradable plastic manufacturer gets P3-M loan from DOST

Year of Publication

2021

This article reports that a Filipino biodegradable plastic manufacturer in Caraga, Philippines has received a loan from the Department of Science and Technology's Small Enterprise Technology Upgrading Program to scale up its operations.

Source:

The Philippine News Agency

Author(s):

Ma. Cristina Arayata

Geography:

Philippines

Type:

Strategy

Purpose of Measurement:

Solution Sets and Impact Potential

Impact theme(s):

Capital Flows, Policy

This article reports that a Filipino biodegradable plastic manufacturer in Caraga, Philippines has received a loan from the Department of Science and Technology's Small Enterprise Technology Upgrading Program to scale up its operations. Ecoloop aims to address the plastic waste problem in the Philippines by producing biodegradable plastic from agricultural waste. The article also mentions that the Department of Science and Technology is committed to supporting innovative solutions to plastic waste in the country. The loan will enable the manufacturer to purchase new equipment and machinery to expand its production capacity.

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