Lora Kolodny of CNBC reports on Cruz Foam, a startup that is looking to reduce styrofoam pollution.
- Based in Santa Cruz, California, Cruz Foam is making a plant-based styrofoam alternative that is biodegradable and generally safe for animals to eat.
- The styrofoam is made with chitin and different starches and fibers derived from agricultural waste.
- Cruz Foam has introduced a foam and paper wrap to replace styrofoam and peanuts, a foam-padded mailer, and foam coolers that keep fresh and frozen food items cold.
- The startup has raised $25 million from various groups including Ashton Kutcher’s climate fund Sound Waves.
Read the full article here.