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flag Provest and CTW invest in Peoria’s Natural Fiber Welding to scale plant-based plastics for footwear, fashion, and automotive use.

flag Provest Equity Partners and CTW Venture Partners have jointly invested in Natural Fiber Welding Inc., a Peoria, Illinois-based company developing plant-based alternatives to petroleum plastics. flag The funding will expand NFW’s green chemistry platform, supporting the production of PLIANT, a naturally cured rubber outsole, and MIRUM, a plastic-free leather alternative. flag The investment aims to scale manufacturing and accelerate adoption across footwear, fashion, automotive, and industrial sectors. flag Backed by major brands including BMW iVentures, Ralph Lauren, Allbirds, and Asahi Kasei, NFW is advancing sustainable materials without compromising performance or aesthetics.

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