Newell receives 30 million Series A financing

Newell Environmental is a manufacturer of biodegradable materials and products. The company produces biodegradable cornstarch bio-based tableware products, which are mainly supplied to domestic and foreign catering brands and supermarkets. Newell’s biodegradable cornstarch eco-friendly tableware is high performance, high quality, resistant to water, oil and cold and heat, and can be used in refrigerators and microwaves. Under composting conditions, the product can be degraded to form carbon dioxide and water within 90-180 days, and will not cause pollution to soil and air. Recently, Newell recently completed 30 million A round of financing, and the investor is China Micro Group. This round of financing will be used to invest in mass production lines for biodegradable shopping bags, agricultural mulch and other film bags.

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