PolyLabs is a company established in partnership with the Institute of Wood Chemistry of Latvia. Our main area of expertise is manufacturing bio polyol - a polyol synthesized from renewable materials, such as rapeseed or tall oils.
In 2014 venture capital company Flycap has invested in PolyLabs development. Our current production capacity is 2880 metric tons per year. Together with Flycap we are planning to invest more than 2 million EUR in next 3 years in our manufacturing plant to increase production capacity to 12 000 metric tons per year.
Why we do it?
We believe the future is in renewable resources. We believe we can change the conventional polyurethane industry. In our research we have found that renewable sources are better suited for high quality polyol production than conventional raw materials. Most importantly, these unique advantages cost less than the average polyols. In summary - it does not cost more to work in an environmentally friendly manner.
Our company is operating on a business-to-business basis. Our clients are companies in the polyurethane industry, such as: manufacturers of polyurethane systems (in the industry these are called “polyurethane system houses”), manufacturers of construction (such as insulation material, or foam), shipbuilding, car manufacture, transport, household production units (for example refrigerators, and water heaters), sports equipment manufacturing (like surfboards etc.), pipe insulation, furniture, design, packaging, and other companies manufacturing products using polyurethane.
The current market
During the past 10 years, along with global trends, the idea of “Green manufacturing” has become more and more popular among governments and countries with economic and political partnerships, such as the European Union etc. Currently in the polyurethane industry the most commonly used polyol is manufactured from petrochemicals. However, these petrochemical polyols depend on an unstable global oil market. Polyol synthesis from petrochemical products is more complicated and reflects on the price. In some parts of world polyols are made using soya bean oil.