Canadian packaging company Evanesce Packaging Solutions is set to open a manufacturing facility in Hampton County, South Carolina.
Scheduled to open on 21 October, the facility is expected to manufacture millions of polylactic acid drinking straws a day.
The straws will be fully biodegradable and made from renewable starchy plants such as corn.
Evanesce plans to boost the region’s economy by creating 78 jobs for the local communities through this project.
The company will host an inauguration ceremony attended by Commerce Secretary Harry Lightsey, State Representative Shedron Williams and State Senator Margie Bright Matthews.
Evanesce uses patented compostable technology to develop fully compostable, plant-based food containers that can decompose within 90 days.
The company is an investee of venture capital platform Billy Goat and currently has three issued patents, one pending patent and seventeen claims.
Billy Goat Brands CEO Tony Harris said: “We are excited to celebrate Evanesce’s growth through the opening of its first manufacturing facility in South Carolina.
“I feel confident that technical expertise, innovative approach and eco-consciousness of the team at Evanesce will lead the business to much success.
“Billy Goat is committed to furthering its investments in the blue economy and supporting Evanesce in its goal of becoming the leading green packaging producer in the market.
“At Billy Goat, we are continuously working to add to our investment portfolio of exciting, unique and environmental, social and governance (ESG) focused companies, which in turn is intended to generate a positive return on investment for our shareholders over the long term.”
Billy Goat focuses primarily on investing in high-potential companies operating in the blue economy.
The company recently purchased a minority share in Evanesce, marking its entry into the green packaging solutions market.
Earlier this year, protective packaging developer Pregis shared plans to build an advanced blown film extrusion facility in Anderson, South Carolina.