Umaro and Sway Receive $1.5M Dept. of Energy Grant to Turn Seaweed Waste into Sustainable Bioplastics
Bay Area companies Umaro Foods and Sway have been awarded a $1.5 million grant by the US Department of Energy (DOE) to advance innovations in seaweed-based materials. The funding, part of the DOE’s Mixed Algae Conversion Research Opportunity (MACRO) program, will support efforts to convert alginate, a byproduct of seaweed protein production, into sustainable bioplastics. The partnership leverages the strengths of both startups. Umaro specializes in extracting protein from seaweed for use in plant-based foods, such as its red seaweed-derived bacon, for which it raised $3.8M earlier this year. This process produces alginate-rich sidestreams that will be repurposed by Sway, which develops compostable bioplastics using its TPSea™ resin technology. The collaboration seeks to address two key sustainability challenges: reducing the reliance on fossil fuels, and …