Bakelite (n.)

1905, "solid substance that can be molded," originally of dental molds, from plastic (adj.). The main current meaning, "synthetic product made from oil derivatives," is recorded by 1909, used in this sense by Leo Baekeland (see Bakelite).

type of photographic print paper made by a process patented 1893 by Leo Baekeland, who sold it to George Eastman in 1899 for $1 million and used the money to build the laboratory where he made great discoveries in plastics (see Bakelite).