Bindethics Ltd.

at bindethics ltd, we aim to revolutionise the engineered wood market, worth €240b globally. this sector is growing fast due to urbanisation (12% cagr). major players include ikea, egger, and sonae arauco. in the process of making engineered wood products such as furniture and construction planks, formaldehyde-based adhesives are used. formaldehyde adhesives are unsustainable and have been used since 1940. these chemicals have a huge carbon dioxide footprint, they are toxic, carcinogenic and the glue is in itself the reason why the final piece of furniture cannot even be recycled. therefore, even if the timber itself comes from a sustainable source the final product does not. formaldehyde is also an irritant identified by the eu's scientific committee on health and environmental risks (scher) committee as one of the top five highest priority toxic pollutants that should be removed from production. 90% of engineered wood (plyboard, chipboard etc) furniture and fittings emit formaldeh