TIDMSYM
Symphony Environmental Tech. PLC
25 September 2018
25 September 2018
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
New distributor launch held in Jordan attended by a director
from the Ministry for the Environment
Symphony Environmental Technologies Plc (AIM: SYM), a global
specialist in products and technologies that "make plastic
smarter", is pleased to announce the launch of a new distributor in
Jordan, EVA Plastic Industries ("EVA").
EVA is an affiliated company to the Sughayer Group, who
specialise in supplying raw materials and additives to the plastics
industry in Jordan, Iraq, the Palestinian Authority and
Ethiopia.
EVA are licensed to supply d(2) w oxo-biodegradable
masterbatches in Jordan, and join Symphony's network of
distributors in Saudi Arabia, UAE, Oman, Lebanon and Egypt,
strengthening Symphony's presence in the Middle East.
Michael Laurier, CEO of Symphony Environmental said:
"Symphony's oxo-biodegradable plastic technology aligns with the
priorities of the Jordanian government for green economic growth
and their circular-economy principles. As such, we are delighted to
announce that we are now working with our new distributor, EVA, to
deliver our technology on the ground in Jordan.
"Oxo-biodegradable plastic can be recycled if collected, but if
it ends up in the open environment as litter it will degrade much
more quickly than ordinary plastic, and will then biodegrade i.e.
become a food source for bacteria and fungi who recycle it back
into nature."
Symphony's CEO attended the EVA launch that was held on 23
September 2018 and supported by of Dr Mohammed Khashashneh, a
director from the Ministry of Environment, who represented Mr Nayef
Al Fayez, the Minister for the Environment. Under the Minister's
patronage, Jordan has made waste-management and protection of the
marine environment a national priority, passing legislation to
ensure that single-use plastic bags are made with oxo-biodegradable
technology. EVA believe that this legislation should be extended in
a similar way to legislation in Saudi Arabia to include other
plastic products such as shrink-wrap, pallet-wrap and drinking
straws.
At the EVA launch, Dr Mohammed Khashashneh explained that Jordan
creates more than 2 million tons of waste, of which 17.5% is
plastic. During his speech he confirmed that the Government will be
upgrading the enforcement program on plastics and upgrading the
qualification of additive suppliers. The event was attended by CEOs
from some of the largest plastic producers in Jordan and
beyond.
12 countries including Jordan now have a law requiring plastics
to be oxo-biodegradable. Countries of the Middle East are leading
the way in dealing with plastic waste which has escaped into the
open environment and cannot realistically be collected for
recycling (which European countries and the US are more focused).
The countries of the Middle East do not want to ban plastic, which
is essential for everyday living, but they do not want to leave it
as a problem for future generations.
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: +44 (0) 20 8207
5900
Ian Bristow, CFO
www.symphonyenvironmental.com
Cantor Fitzgerald Europe (Nominated Adviser
and Broker)
David Foreman, Richard Salmond, Michael Tel: +44 (0) 20 7894
Boot 7000
(Corporate Finance)
Caspar Shand Kydd (Sales)
FTI Consulting (Financial PR)
Daniel Hamilton Tel: +44 (0) 7813
456720
NOTES TO EDITORS:
About Symphony Environmental Technologies plc
Symphony has developed and continues to develop, controlled-life
plastic technology which helps tackle the problem of microplastics
by turning ordinary plastic at the end of its service-life into
biodegradable materials. It is then no longer a plastic and can be
bioassimilated in the open environment. The technology is branded
d2w(R) and appears as a droplet logo on many thousands of tonnes of
plastic packaging and other plastic products around the world. In
some countries, most recently Saudi Arabia, oxo-biodegradable
plastic is mandatory.
In addition, Symphony has developed a range of additives,
concentrates and master-batches marketed under its d2p(R) brand,
which can be incorporated in a wide variety of plastic and
non-plastic products so as to give them protection against many
different types of bacteria, fungi, algae, moulds, and insects, and
against fire. d2p products also include odour, moisture and
ethylene adsorbers as well as other types of food-preserving
technologies. We have also launched d2p anti-microbial household
gloves and are developing a range of other d2p finished products
for retail sale.
Symphony has also developed the d2Detector(R), a portable device
which analyses plastics and detects counterfeit products. This is
useful to government officials tasked with enforcing legislation,
and Symphony's d2t tagging and tracer technology is available for
further security.
Symphony has a diverse and growing customer-base and has
established itself as an international business with 74
distributors around the world. Products made with Symphony's
plastic technologies are now available in nearly 100 countries and
in many different product applications. Symphony itself is
accredited to ISO9001 and ISO14001.
Symphony is a member of The Oxo-biodegradable Plastics
Association (www.biodeg.org) (OPA), the Society for the Chemical
Industry (UK), and the Pacific Basin Environmental Council.
Symphony is also a strategic partner of the Commonwealth business
initiative, and actively participates in the Committee work of the
British Standards Institute (BSI), the American Standards
Organisation (ASTM), the European Standards Organisation (CEN), and
the International Standards Organisation (ISO).
Further information on the Symphony Group can be found at
www.symphonyenvironmental.com and twitter @SymphonyEnv See also
Symphony on Instagram A Symphony App is available for downloading
to smartphones.
BBC World Service film introducing d2w oxo-biodegradable
(controlled-life) plastic technology
From within the UK-
http://www.symphonyenvironmental.com/d2w/d2w-brochure-5/
From outside of the UK -
http://www.bbc.com/storyworks/the-british-bid/symphony
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAGMGZLVKVGRZG
(END) Dow Jones Newswires
September 25, 2018 02:07 ET (06:07 GMT)
Symphony Environmental T... (LSE:SYM)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Symphony Environmental T... (LSE:SYM)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024
