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25
November 2024
Symphony Environmental
Technologies Plc
("Symphony", the "Company" or
the "Group")
New Product
Launch
"NbR"
Natural/Biodegradable Resin
Symphony Environmental Technologies
Plc (AIM:SYM), the global specialists in technologies that make
plastic and rubber products smarter, safer and more sustainable, is
pleased to announce a new natural and biodegradable resin, branded
NbR. It is suitable for a wide range of packaging products and for
agricultural mulch-films.
This technology was first developed
by Symphony in 2011, but due to increased focus on reducing fossil
resources in plastics, our early formulations have been upgraded
during 2024, and NbR is the result.
NbR
is made with natural minerals to reduce the amount
of fossil-derived polyethylene or polypropylene used for making
plastic products. The products will also biodegrade safely in
nature without leaving microplastics if they escape recycling and
end up as litter in the open environment.
When NbR is used instead of normal
PE or PP resins it will reduce the amount of fossil-derived plastic
in the product by 20%, as well as cutting CO2 emissions.
NbR resin is a solution for
customers who are urgently looking to reduce their use of
fossil-derived plastics, with no material cost increase, and to
reduce their impact on the environment.
The
global resin market size for
which NbR is suitable was valued at $556.00 billion in 2023 and is
projected to grow to £859.27 billion by 2032, at a CAGR of
5.0%.
NbR technology is consistent with EU
and FDA-USA Packaging Food Contact Regulations, and products are
tested for biodegradability and non-toxicity according to
international Standards.
The CEO of Symphony, Michael Laurier
commented that: "This is a major innovation as it will make an
environmental difference by reducing the fossil-derived content of
plastic products by 20%, and cutting CO2 emissions. Like ordinary
plastic products, a product made with NbR can be recycled and made
with recyclate, but it will biodegrade within months, without
leaving microplastics if exposed in the open environment, instead
of lying or floating around for decades."
"Trade marks are being applied for,
but in line with our strategy, no patent applications will be made
in order to protect the confidentiality of our
formulations."
Enquiries
Symphony Environmental Technologies
Plc
+44 (0) 20 8207 5900
Michael Laurier, CEO
Ian Bristow, CFO
www.symphonyenvironmental.com
NOTES TO EDITORS:
About Symphony Environmental
Technologies plc
SYMPHONY'S BUSINESS
Symphony has a diverse and growing
customer-base and has established itself as an international
business with over 70 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 founder-member of The
BPA (www.biodeg.org) and 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 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.
In addition to NbR, Symphony has the
following range of products:
D2W TECHNOLOGY
Symphony has developed a
biodegradable plastic technology which addresses the problem of
persistent microplastics, by turning ordinary plastic at the end of
its service-life into a waxy substance which is biodegradable. It
is then no longer a plastic and can be bioassimilated in the open
environment in a similar way to a leaf without leaving
microplastics behind. The technology is branded d2w® and appears as
a droplet logo on many thousands of tonnes of plastic packaging and
other plastic products around the world, much of which has been
recycled. In some countries, oxo-biodegradable plastic is mandatory
for short-life plastic products.
D2P TECHNOLOGY
Symphony has also designed a range
of masterbatches for making plastics products, to protect against
bacteria, viruses, fungi, insects, rodents, odours, and fire.
See www.d2p.net