Home compostable extrusion coating biopolymer
used as liquid barrier for paper hot and cold drink cups.
Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer”), a leading,
next-generation biotechnology company focused on the production of
biodegradable materials, and Ningbo Homelink Eco-iTech Co. Ltd.
(“Homelink”), a leading manufacturer of disposable tableware, have
announced commercial launch of home compostable extrusion coating
biopolymers made with Danimer’s signature polyhydroxyalkanoate
(PHA), Nodax®. Homelink’s cups, coated with Nodax® PHA-based
biopolymer, will offer their customers a home and industrially
compostable, and fully repulpable alternative to traditional paper
cups. The PHA biopolymer grade is designed to replace polyethylene
and be used as a liquid barrier coating for paper cups.
The Homelink PHA lined cups have been fully certified by TÜV as
home compostable, by BPI as commercially compostable, and have
passed the first phase of the Western Michigan University
repulpability/recyclability test as a repulpable cup. The cups are
now proceeding with full certification for recyclability in paper
systems.
While industrial compostable cups are established in the
marketplace, these new PHA-based coated cups offer consumers an
opportunity to dispose of them at home in compost bins or backyard
compost piles, along with established commercial composting
programs. Danimer’s PHA-based extrusion coating biopolymer has been
certified as both home and industrial compostable by TÜV AUSTRIA,
and commercially compostable by the Biodegradable Products
Institute (BPI). To achieve home or industrial compostable
certifications, products must pass strict tests for biodegradation,
disintegration, ecotoxicity and regulated metals content within
specific timeframes stipulated by consensus specifications such as
ASTM D6868 and D8410.
Homelink’s products can be found in major grocery retailers,
megastores, and quick service restaurants around the globe. Nodax®,
Danimer’s signature polyhydroxyalkanoate (PHA), is a 100% renewable
and fully biodegradable biopolymer that can be used to formulate
grades that replace a variety of traditional plastic products,
particularly those that cannot be or are difficult to recycle.
Homelink recently broke ground on a new extrusion facility in
Thailand which will be utilized for producing the new cups.
“Danimer and Homelink share a common mission, we are committed
to using alternative biomaterials to replace traditional plastics,”
said Danimer Scientific’s CEO, Stephen Croskrey. “We are excited to
partner with a world leader in disposable tableware to bring these
home compostable cups to the market. “
About Danimer Scientific
Danimer is a pioneer in creating more sustainable, more natural
ways to make plastic products. For more than two decades, its
renewable and sustainable biopolymers have helped create plastic
products that are biodegradable and compostable and return to
nature instead of polluting our lands and waters. Danimer’s
technology can be found in a vast array of plastic products that
people use every day. Applications for its biopolymers include
additives, aqueous coatings, fibers, films and injection-molded
articles, among others. Danimer holds more than 480 granted patents
and pending patent applications in more than 20 countries for a
range of manufacturing processes and biopolymer formulations. For
more information, visit https://danimerscientific.com.
About Ningbo Homelink Eco-iTech Co., Ltd.
Ningbo Homelink Eco-iTech Co., Ltd. is a leading professional
manufacturer in China for plastic cutlery, drinking straws, plastic
cups & plates, food containers and other daily-use products. As
one of the largest manufacturers of plastic tableware in the world,
Homelink is dedicated to the research of biodegradable materials
and is committed to working towards a greener planet by continuing
our pursuit of decreasing the dependence on fossil fuel resins. Our
product line now encompasses the manufacture of PLA/PBAT
compostable bags, cPLA cutlery, plates and bowls, PHA and PLA based
straws and a complete line of bagasse tableware.
Established in 2004, Ningbo Homelink has witnessed continuous
growth due to its international standard of management and
integrity in handling business. Homelink’s US office located in
Southern California, was established in 2009 to service the North
American market. You may reach Ningbo Homelink at
info@nbhome-link.com or the US office at sales@nbhomelink.com for
the inquiries specifically catered to the North American
market.
Forward‐Looking Statements
Please note that in this press release we may use words such as
“appears,” “anticipates,” “believes,” “plans,” “expects,”
“intends,” “future,” and similar expressions which constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are made based on our expectations and
beliefs concerning future events impacting the Company and
therefore involve a number of risks and uncertainties. We caution
that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in
the forward-looking statements. Potential risks and uncertainties
that could cause the actual results of operations or financial
condition of the Company to differ materially from those expressed
or implied by forward-looking statements in this release include,
but are not limited to, the overall level of consumer demand on our
products; general economic conditions and other factors affecting
consumer confidence, preferences, and behavior; disruption and
volatility in the global currency, capital, and credit markets; the
financial strength of the Company's customers; the Company's
ability to implement its business strategy, including, but not
limited to, its ability to expand its production facilities and
plants to meet customer demand for its products and the timing
thereof; risks relating to the uncertainty of the projected
financial information with respect to the Company; the ability of
the Company to execute and integrate acquisitions; changes in
governmental regulation, legislation or public opinion relating to
our products; the Company’s exposure to product liability or
product warranty claims and other loss contingencies; disruptions
and other impacts to the Company’s business, as a result of the
COVID-19 global pandemic and government actions and restrictive
measures implemented in response; stability of the Company’s
manufacturing facilities and suppliers, as well as consumer demand
for our products, in light of disease epidemics and health-related
concerns such as the COVID-19 global pandemic; the impact on our
business, operations and financial results from the ongoing
conflict in Ukraine; the impact that global climate change trends
may have on the Company and its suppliers and customers; the
Company's ability to protect patents, trademarks and other
intellectual property rights; any breaches of, or interruptions in,
our information systems; the ability of our information technology
systems or information security systems to operate effectively,
including as a result of security breaches, viruses, hackers,
malware, natural disasters, vendor business interruptions or other
causes; our ability to properly maintain, protect, repair or
upgrade our information technology systems or information security
systems, or problems with our transitioning to upgraded or
replacement systems; the impact of adverse publicity about the
Company and/or its brands, including without limitation, through
social media or in connection with brand damaging events and/or
public perception; fluctuations in the price, availability and
quality of raw materials and contracted products as well as foreign
currency fluctuations; our ability to utilize potential net
operating loss carry forwards; and changes in tax laws and
liabilities, tariffs, legal, regulatory, political and economic
risks. More information on potential factors that could affect the
Company's financial results is included from time to time in the
Company's public reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
All forward-looking statements included in this press release are
based upon information available to the Company as of the date of
this press release and speak only as of the date hereof. We assume
no obligation to update any forward-looking statements to reflect
events or circumstances after the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240926211294/en/
Investors and Media Blake Chamblee Phone: 770-337-6570
ir@danimer.com
Danimer Scientific (NYSE:DNMR)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Danimer Scientific (NYSE:DNMR)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024