NEW YORK (PRWEB)
September 19, 2022
LOLIWARE is featured at the Clinton Global Initiative Event as one of the Clinton Foundation’s Greenhouse Entrepreneurs.
On September 19, 2022, LOLIWARE Inc., an advanced materials technology company replacing single-use plastics with algae, will present to world leaders, investors, celebrities and CEOs of Fortune 500 companies as part of the Clinton Global Initiative (CGI). Meeting held in New York City. The highly anticipated event returns this year after a 5 year hiatus with the theme ‘The Business of How’. The main participants include actor Matt Damon, California Governor Gavin Newsom, New York City Mayor Eric Adams, New York Gov. Kathy Hochul and Hamilton creator Lin-Manual Miranda.
This year’s event also marks the launch of the Clinton Foundation’s CGI Entrepreneurship Greenhouse – a new program designed to showcase and support companies and entrepreneurs seeking transformative solutions to global challenges. As one of 31 startups selected to participate in the inaugural class of the Greenhouse Entrepreneurs program, LOLIWARE CEO Sea Briganti was invited to showcase the company’s innovative SEA Technology™ at the event.
LOLIWARE’s SEA technology is a first for the materials technology industry. The innovative algae-based material is not only 100% natural, biodegradable and sustainably sourced, but is also designed to form a pellet that mimics the plastic pellets traditionally used to manufacture single-use products. This makes LOLIWARE’s SEA technology uniquely compatible with existing manufacturing machinery and offers a cost-effective way to replace plastic on a large scale.
Earlier this year, LOLIWARE announced a major strategic partnership with US-based, women-owned manufacturing company Sinclair & Rush to begin mass production of its first application of SEA technology: the Blue Carbon Straw.
While LOLIWARE has other applications of SEA technology in the works, the company has a vision that goes beyond replacing plastic – it strives to create a circular, blue economy based on algae farming. Through its products, LOLIWARE is helping to lay the foundation for a new global seaweed market and create new economic opportunities for coastal communities around the world.
By growing algae, coastal communities can also counteract ocean acidification and oxygen depletion, two major threats to marine life. The algae also sequester carbon, effectively redirecting our CO2 emissions into their tissues. The carbon-rich algae are then used to make LOLIWARE’s pellets and products.
With an estimated 18 million square miles of ocean available for algae farming, most of which is currently unused, LOLIWARE sees great untapped potential for using algae to replace single-use plastics, while improving the health of our oceans and fighting climate change is fought.
LOLIWARE looks forward to the opportunity to showcase its innovative technology and vision for a circular blue economy at CGI and is looking for investors and collaborators willing to increase its impact even further.
Vice President of Sales and Marketing, LOLIWARE Inc.
Share the article on social media or via email: