Loliware

Description

Loliware is the world’s first seaweed resin company providing products to replace single-use plastics. Loliware is a woman-owned firm partnering with experts in regenerative aquaculture from Maine to New Zealand to expand the ‘blue economy’ with its proprietary SEA Technology® resins. Made from compostable seaweed, Loliware’s Ocean Blue straws, utensils and other products are currently used by famous chefs, restaurant chains and eco-chic hotels. Their new category of materials are “Designed to Disappear”, offered to help advance our planet to a plastic-free, decarbonized future.

What Makes it Regenerative?

• supports material design
• enables circularity
• supports renewables
• affixes value to undervalued
• enables biophilic design
• enables circularity
• supports ecosystem remediation

Business Model

Loliware generates revenues through sales and licensing of seaweed-based resins with various applications

Risks & Limitations

• Newer technology lacks evidence of long-term durability and performance
• Cost factor of seaweed-based alternatives being more expensive
• Scalability of production can be challenging if reliant on seaweed farming
• Technical hurdles from fine-tuning the seaweed material's properties for various applications