The automotive industry is famously reliant on the oil industry for fuel. But a partnership between Italian startup Bio-on and automotive supply giant Magna could reduce that reliance just a little by introducing plastic components derived from plants, not petrochemicals.
On Thursday, Bio-on announced an exclusive partnership with Magna International, a 125,000-employee automotive supplier to BMW and many other companies. Through the partnership, Magna will investigate "how production of this natural polyester product can be elevated to an industrial, cost-effective scale" and integrated with manufacturing processes, the companies said.
It's a feather in the cap of … Read more