A monumental new biotechnology agreement between IKEA Supply AG and Newlight Technologies will signal another move away from unsustainable virgin fossil-based plastics in line with IKEA’s sustainability goals. The latest agreement will see IKEA invest in a 10 billion pounds production licence with Newlight sustainable materials. IKEA now has the exclusive rights in the home furnishings industry to use Newlight’s exciting carbon capture technology to convert bio-based greenhouse gases, from biogas and later from carbon dioxide, into AirCarbon thermoplastics for use in its range of home furnishing products.