Danimer Scientific Reveals New Branding and New Applications Based on PHA During NPE 2024
06 Maggio 2024 - 10:30PM
Business Wire
Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the
“Company”), a leading next-generation bioplastics company focused
on the development and production of PHA biopolymers, is unveiling
new commercial applications and branding during NPE 2024, North
America’s largest plastics tradeshow, taking place this week in
Orlando, FL.
A more perfect polymer™ takes center stage at NPE 2024.
Danimer’s signature PHA, Nodax®, represents a more perfect polymer
revolution. PHAs (polyhydroxyalkanoates) are naturally made polymer
chains, and at Danimer we harness microbes as tiny reactors to make
our biopolymers, using canola oil as the renewable feedstock. The
resulting PHA can be used to replace conventional plastics in uses
from straws to lids, from coffee pods to flexible packaging, and
from paper coatings to adhesives. With full PHA production
capability in place, Danimer is poised for significant growth with
commercial partners for several applications, including cutlery,
flexible food packaging and paper packaging barrier coatings.
Microbes, not Microplastics™ enables a new future for
packaging items. Danimer is committed to offering solutions to
address plastic pollution and the proliferation of microplastics.
It is all about the microbes, both during origination and
biodegradation. Microbes produce our PHAs, and microbes
biochemically recycle our PHAs, whether in industrial compost, home
compost, soils, fresh water or the marine environment.
Because a large class of microbes present in natural systems
readily identify PHAs as a food source, there is no threat of
residual microplastics. Our PHA grades are third party certified to
fully biodegrade under various conditions, with the added benefit
of no ecotoxicity concerns, PFAS or regulated metals. That makes
Nodax a more perfect polymer™ for our planet.
Our PHA is here today, gone tomorrow.
Danimer has invested in the first of its kind commercial
production facility in Winchester, KY to bring PHAs to the global
market. This capacity is here today, and being consumed in numerous
new applications that can be found across the market in North
America. WinCup’s phade® straws are rapidly becoming the new choice
for restaurants, coastal cities and even coral reef restoration
projects. Bolthouse Farms launched a new carrot package with
Danimer PHA at Meijer stores in early 2024. Development of new
solutions for flexible packaging, cutlery and lids are expected to
launch in the next six months. The great thing about all these
packaging and food service uses is that they are gone tomorrow,
meaning they will biodegrade in compost or if they mistakenly leak
into the natural environment.
More perfect partnerships are the key to success Danimer
has developed long term research & development and commercial
partnerships with many brands, and we continue to seek new partners
to help launch PHA solutions. Stop by our NPE booth at S27027 to
see our partner wall and all of the new commercial applications in
person.
About Danimer Scientific
Danimer is a pioneer in creating more sustainable, more natural
ways to make plastic products. For more than a decade, 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.
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 include, without limitation, statements
regarding our expectations for full year capital expenditures,
Adjusted EBITDA and cash balances. 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; 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
carryforwards; 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240506366877/en/
Investors Blake Chamblee
bchamblee@danimer.com
Media Richard Ivey
rivey@danimer.com
Grafico Azioni Danimer Scientific (NYSE:DNMR)
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