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Polymateria

Founded 2016 · 47 employees on LinkedIn · 6 known investors

Polymateria develops a proprietary plastic additive formulation that enables conventional plastics to biodegrade fully in natural environments without harming recycling streams. The technology, deployed as a masterbatch additive, allows plastics to remain functional during their service life, then convert to bioavailable waxes upon weathering before biodegrading within 1-2 years.

Also known as Polymateria Ltd

Founders & leadership

J
Jonathan

Investors · 6

Also in the syndicate · 1

ABC Impactlead

Company profile

researched Aug 2026

Polymateria Ltd is a British technology company that develops additives making conventional plastic packaging biodegradable. Its core technology, called Biotransformation, is supplied as a bespoke masterbatch added to plastic during production at a typical loading rate of about 2% by weight, and is compatible with normal plastic conversion processes and, per the company, with existing recycling streams. The technology applies to polyolefins — polyethylene (bags, films, packaging) and polypropylene (cups, bottle caps) — which are among the most commonly littered plastics.

The process runs in three phases: a dormant service-life phase whose onset can be tuned to the product's intended use life so recycling can still occur; a weathering phase in which the polymer's crystalline and amorphous regions are chemically converted into a wax-like material; and a biodegradation phase in which naturally occurring bacteria and fungi mineralise the bioavailable wax under ambient/mesophilic conditions. The company states that polyethylene and polypropylene films and rigids fully biodegrade within one to two years as verified by third-party laboratories, leaving no microplastics, and that the resulting polymer fragments reach molecular weights of roughly 600–1000 daltons versus about 5000 daltons for earlier technologies. Testing references international standards including ISO 2578/ASTM D3045 (thermal ageing), ASTM D4329/ISO 4892-3 and ASTM D2565/ISO 4892-2 (weathering), ASTM D5988 and ISO 17556 (soil biodegradation) and a series of OECD ecotoxicity tests, plus the RecyClass Recyclability Evaluation Protocol. The consumer-facing brand for the technology is Lyfecycle, described as a self-destructing plastic that returns to nature within a year if not recycled first.

Founding story

The company was founded in 2015 at Imperial College London by Jonathan Sieff and Lee Davy-Martin. Sieff had a background in retail, manufacturing and distribution and had previously founded the manufacturing group Fashion Lab; Davy-Martin came from partner roles at London accountancy firms and had founded and invested in technology businesses.

Business model

Polymateria formulates and supplies a bespoke masterbatch additive to resin producers, converters and brand owners, who incorporate it into their existing plastic manufacturing processes; commercial arrangements have included licensing, as with a Taiwanese petrochemical deal reported as potentially worth US$100 million in licence fees.

Revenue comes from supply of the masterbatch additive and from technology licence fees paid by plastics manufacturers and converters; turnover was indicated as being in the lower millions following the 2023 investment.

Traction

Reported deployments include Puma's plastic carrier bags, packaging at Taiwanese 7-Eleven stores, commercial food packaging trials in the UK, Spain, Portugal, Taiwan and Kenya, cups and food packaging for Extreme E, sugarcane-based recovery bags at the 2022 Chicago Marathon, packaging for Pour les Femmes and Indian brand Doodlage, and a biodegradable baler twine made by a Portuguese firm. The Formosa Plastics agreement was reported as potentially worth US$100 million in licence fees, and management cited 300% growth between 2021 and 2022 with turnover in the lower millions.

Latest developments

The company reported a collaboration with Schülke, Nitto and Indorama Ventures launching a biodegradable wash mitt for the patient care sector, and a study on full biodegradation of previously indestructible plastics published with Imperial College London and SIRIM. Richard Horne, previously Chief Commercial Officer, has led the company as CEO since October 2024, with Lee Davy-Martin as Founder & Chairman.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Polymateria positions itself as the first company to achieve certified biodegradation of the most commonly littered forms of plastic packaging in real-world conditions in under a year without creating microplastics, and as a scale-up addressing the estimated 32% of plastics that leak from collection systems globally.

Unlike earlier oxo- or biodegradable additives that left microplastics, Polymateria says its formulation attacks both amorphous and crystalline polymer regions, reducing molecular weight to roughly 600–1000 daltons so microbes can consume the resulting wax, with the onset of degradation time-controlled to preserve service life and recyclability. It supported the development of BSI PAS 9017, the first standard for measuring biodegradability of polyolefins in the open environment, working with a steering group including Imperial College London, Avient and BEIS.

Technology

A bespoke masterbatch tailored to each resin, application profile and required use life, typically dosed at about 2% by weight and used in standard conversion equipment. Validation spans accelerated thermal ageing with Arrhenius modelling for service-life estimation, UV and xenon-arc weathering, OECD acute and chronic ecotoxicity tests in soil and aquatic ecosystems, and soil biodegradation to greater than 90% conversion under ASTM D5988 and ISO 17556.

Go-to-market

Polymateria works through partnerships with chemical companies, resin and film producers and converters (including Clariant, Indorama Ventures subsidiaries, Formosa Plastics, Toppan Specialty Films and a Lotte Chemical subsidiary) and with consumer brands and retailers that adopt the treated packaging, alongside standards bodies and government ministries.

Plastics and specialty chemical manufacturers, converters and masterbatch users, plus consumer brands, retailers and event organisers seeking biodegradable polyolefin packaging; applications range from bags, films, cups and food packaging to nonwovens such as face masks and diapers, baler twine and patient-care wash mitts.

Geography

Headquartered at the I-HUB on Imperial College London's White City campus in London, UK, and serving customers worldwide, with commercial activity and partnerships in Southeast Asia (including Malaysia, Taiwan and Singapore-based investors), India, Europe (UK, Spain, Portugal), Kenya and the United States.

History

Founded in 2015 at Imperial College London, Polymateria was based at the Imperial White City Incubator between 2016 and 2017 and has been headquartered since 2017 at the nearby Translation & Innovation Hub (I-HUB). Niall Dunne became CEO in January 2018 and the first product reached market in March 2018. The Prince of Wales visited its laboratories in March 2019. A partnership with Clariant for Southeast Asia followed in October 2019, extended in January 2020 to India with the Indian Ministry of Chemicals and Fertilizers. In 2020 the company reported certified biodegradation of commonly littered plastic packaging in under a year, received a £15 million investment from Planet First Partners with Marc Bolland becoming chairman, and was reported as supplying Puma's plastic bags. Partnerships followed with Pour les Femmes and Extreme E (2021), Indorama Ventures units FiberVisions and Avgol (April 2021), Formosa Plastics (September 2021), Toppan Specialty Films and a Lotte Chemical subsidiary (2023). The technology was rebranded Lyfecycle in 2023, the year a further £20 million Series B round closed, and a biodegradable baler twine had been introduced by January 2024. Richard Horne, Chief Commercial Officer from 2021, became CEO in October 2024.

Risks & controversies

Degradation timing depends on environmental exposure to sunlight, air and water; under sub-optimal conditions breakdown can take longer, with an experimental flowerpot reported as taking up to two years to dissolve if discarded in a ditch. In November 2020 the company did not disclose which brands or products were involved in its commercial food packaging tests.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Biodegradation threshold required for complete biodegradationJan 2026>90% biodegradation
EmployeesJan 202359 people
Masterbatch loading rateJan 20262%
Puma plastic bags per year covered by technologyJul 2020160,000,000 bags
Revenue growth 2021-2022Jan 2023300%
Series B round sizeMay 2023£20 million
Share of plastics leaking from collection systems globallyDec 202332%
Time to full biodegradation of PE and PP films and rigidsJan 20261-2 years, verified by third-party labs

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 21

launches, deals, and filings
Aug 2026
Study on biodegradation published with Imperial College London and SIRIM

A new study published by Imperial College London, SIRIM and Polymateria reported full biodegradation of previously indestructible plastics.

source ↗

Aug 2026
Biodegradable wash mitt for patient care launched with Schülke, Nitto and Indorama Ventures

A collaboration between Schülke, Nitto, Indorama Ventures and Polymateria resulted in the launch of a biodegradable wash mitt for the patient care sector.

source ↗

Oct 2024
Richard Horne becomes CEO

Richard Horne, Chief Commercial Officer since joining in 2021, was appointed Chief Executive Officer in October 2024.

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Jan 2024
Biodegradable baler twine introduced

By January 2024 the company had introduced a biodegradable baler twine produced by a Portuguese firm.

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May 2023
£20 million Series B round co-led by ABC Impact and Indorama Ventures

Polymateria raised £20 million in a Series B round co-led by Singapore-based impact private equity fund ABC Impact and Indorama Ventures, to commercialise the technology globally, expand in Asia and invest in its Imperial College London laboratory. ABC Impact chief impact officer Sugandhi Matta joined the board.

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May 2023
Agreement with Lotte Chemical subsidiary in Malaysia

The company signed a deal with a subsidiary of Lotte Chemical to develop products in Malaysia.

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Apr 2023
Partnership with Toppan Specialty Films

Polymateria partnered with Toppan Specialty Films, an Indian plastic manufacturer based in the Punjab region.

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Jan 2023
Technology rebranded as Lyfecycle

From 2023 the company's technology has been branded Lyfecycle; it was also applied to plastic bags for Indian fashion brand Doodlage.

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Sep 2021
Deal with Formosa Plastics Corp

Polymateria signed an agreement with Taiwan's Formosa Plastics Corp, reported as potentially worth US$100 million in licence fees.

$100M source ↗

Apr 2021
FiberVisions and Avgol partnership

FiberVisions and Avgol, both owned by Indorama Ventures, partnered with Polymateria to apply the technology to nonwoven fabrics used in products such as face masks and diapers.

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Mar 2021
Extreme E partnership

Electric racing series Extreme E revealed a partnership under which Polymateria supplies cups and food packaging, later collected for recycling.

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Feb 2021
Pour les Femmes adopts biodegradable packaging

Clothing company Pour les Femmes announced it would use Polymateria's biodegradable plastic in its packaging.

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Jul 2020
Planet First Partners invests £15 million

Impact investing platform Planet First Partners invested £15 million; Frederic de Mevius and former Marks & Spencer CEO Marc Bolland (as chairman) joined the board.

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Jul 2020
Puma to use technology in plastic bags

Puma was reported to be the first company to use Polymateria's technology across the 160 million plastic bags it used each year, starting September 2020 in Southeast Asian markets and in Britain in 2021.

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Jan 2020
Investment by the family of Silas Chou

The family of Hong Kong businessman Silas Chou invested in Polymateria in 2020.

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Jan 2020
Agreement with Clariant and India's Ministry of Chemicals and Fertilizers

A partnership agreement between Polymateria, Clariant and the Indian Ministry of Chemicals and Fertilizers aimed to bring Biotransformation to India.

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Jan 2020
Support for BSI PAS 9017 biodegradable plastic standard

Polymateria supported development of BSI PAS 9017, the first British standard for measuring biodegradability of polyolefins in the open environment, alongside a steering group including Imperial College London, Avient and BEIS.

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Oct 2019
Partnership with Clariant for Southeast Asia

Polymateria announced a partnership with specialty chemical company Clariant to bring its Biotransformation technology to the Southeast Asian market.

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Mar 2019
Prince Charles visits Polymateria laboratories

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Mar 2018
First product brought to market

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Jan 2018
Niall Dunne appointed CEO

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Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Polymateria do?
British company whose masterbatch additive makes conventional polyolefin plastics biodegrade into a bioavailable wax without microplastics.
Who are Polymateria's investors?
Polymateria's investors include Bridford Investments (Bridford Group), Giant Leap, Peak Sustainability Ventures, The Craftory, Milltrust International Group.