New York, NY September 24, 2012 – CEO and engineer Molly Morse is the 2012 winner of the Postcode Lottery Green Challenge, the world’s largest annual award for sustainable entrepreneurship. Morse received $630,000 (€500,000) to develop her promising green business. Her company, Mango Materials, uses bacteria to turn methane gas into affordable biodegradable plastic. Two other finalists, Daan Weddepohl of Amsterdam and the New Zealander Nick Gerritsen, won $125,000 (€100,000) each for their CO2-reducing business ideas.
Read the Full Release Here: GC_US_Press_Release.
Watch a video about the finals in New York City here: PLGC 2012 Finals
The Postcode Lottery Green Challenge announced the prizewinners’ names last night at a special dinner in New York organized by the Dutch Postcode Lottery in conjunction with the annual meeting of the Clinton Global Initiative (CGI). The Green Challenge jury, made up of seven international experts, selected Mango Materials out of a field of over 500 entries.
“Thanks to this generous prize, soon consumers will be able to buy goods made from biodegradable plastic for an affordable price,” Morse said. “And that’s going to be so much better for the environment. Our bioplastic is an environmentally friendly alternative to traditional plastic, which piles up in nature and garbage dumps.”