Great Wrap, an Australian materials science company, has developed home compostable stretch wrap from potato waste.

Jordy and Julia Kay, a husband and wife team, founded the business intending to reduce reliance on petroleum-based plastics. They discovered a method to divert potato waste from landfill and create a wrap that degrades into carbon and water in less than 180 days.

Groundswell Ventures, Springbank Collective, and Trail Mix Ventures were among the investors in Great Wrap’s Series A funding round, which raised USD24m. This will allow the company to build a biorefinery capable of producing 30,000 tons of wrap by the end of next year. According to the Vegconomist, the developing company will be Australia’s largest cling wrap manufacturer if this goal is met.

Great Wrap is already accessible in Australia and will be available in the United States later this month. In addition to its two existing Australian facilities, the company intends to open a manufacturing facility in the country next year. According to company representatives, the corporation is on track to divert 50,000 tons of potato waste from landfill this year, with the figure potentially increasing to 300,000 next year following the launch in the United States.

“We’ve made it possible for Australians to ditch plastic without changing their habits and plan to do the same in the US. We’re proudly helping people take a step towards a more sustainable future, by making our compostable stretch wrap readily available at an affordable rate,” Julia Kay concluded.