Thinkbaby's investigation took them to Patagonia. Patagonia largely pioneered the use of Limestone based neoprene to replace traditional neoprene for their wetsuits.
Thinkbaby's sleeves are made from Limestone. They feel just like traditional neoprene. They will not only protect the bottles, but will provide significant insulation.
Please note that these are made to fit tight, so they cannot be easily removed by a toddler.