Evanesce Packaging Solutions and its subsidiaries, a sustainable packaging disruptor, is pleased to announce its entry into the market with its first mass-produced, highly compostable line of straws. The company recently closed its Series A funding led by Pyfera Growth Capital and will be building a South Carolina plant with the potential to produce 1 billion units annually. The highly oversubscribed round closed at $3.9M CAD which brings Evanesce’s total financing to over $7M CAD. The company plans to start production in the third quarter of 2021. This comes as a positive response when 80 million tons of packaging waste is generated in the U.S. each year and the world’s oceans are overflowing with plastic.

Already in use by leading coffee brands, convenience stores, and foodservice companies through a joint venture agreement, Evanesce’s modified Polylactic Acid (PLA) straws are on par or cheaper than paper straws, offer significantly improved durability, and compost within 90 days. “As Earth Day approaches, we can’t ignore the 500 million straws used in the U.S. every day or how Styrofoam makes up 30% of landfill content taking 500 years to decompose,” said Douglas Horne, Founder and Chief Executive Officer of Evanesce Packaging Solutions. “The EU, Canada, certain U.S. states, and other countries have stepped up to ban single-use plastics this year and consumers want cost effective environmentally conscious packaging creating a greater need than ever before for industries to adopt greener packaging.”