The start-up company in the development of renewable colors, Pili Inc., Paris/France, will begin the industrialization of the first bio-based pigments for paints and inks. A new €4 million financing round is expected to scale up production of bio-based pigments.
By using local renewable raw materials (the French territory being rich in biomass, i.e. straw, oil, molasses), these processes will make it possible to significantly reduce the color industry's CO2 emissions on a global scale as well as the use of fossil materials (oil, coal). They will also make it possible to reduce the strong dependence of several industrial sectors on Asian imports while recreating a European supply. Producing bio-based textile dyestuffs remains a major objective for the company. Pili will start to send textile dyestuff samples in 2022 for customer qualification tests.
Since the start-up was founded in 2015, €10 million has already been invested in the company.