PRODUCTION OF PHA BIOPLASTICS IN SPAIN: STRATEGIC AGREEMENT BETWEEN BIO-ON AND ACOR
17 Dicembre 2018 - 03:29PM
PRODUCTION OF PHA BIOPLASTICS IN SPAIN: STRATEGIC AGREEMENT BETWEEN
BIO-ON AND ACOR
- The strategic co-operation aims to accelerate the exploitation
of the Bio-on technologies around the world for the industrial
production of the ultra-green PHA biopolymers valorizing different
agro-industrial co-products as raw materials;
- The teams of the companies will work together in all aspects of
the business opportunity and in the synergies between the operating
sugar production plant and the innovative fermentation one
producing PHA biopolymers;
- The agreement grants to ACOR the exclusive right to make any
evaluations and take any decisions regarding the
investment/business initiative regarding the use of the Bio-on
technologies in the geographical area of Spain and Portugal.
Bologna (Italy)– Valladolid (Spain), 17 December
2018 - Bio-on, listed on the AIM segment of the
Italian Stock Market - Borsa Italiana and operating in the sector
of bioplastic of high quality, and Sociedad Cooperativa
General Agropecuaria, a Castilian-Leon cooperative which
produces and markets sugar, food oils, biodiesel, various products
for food animal and renewable electric energy, have signed
an agreement to begin a technical collaboration, the first
in Spain, to study and evaluate the opportunity to
exploit at industrial scale the Bio-on technologies for the
production of PHA bioplastics from sugar beets processing co- and
by-products.
The two companies will start working together to
implement a dedicated and tailored feasibility study for the
realization of a PHA industrial plant in Spain, in the factory of
ACOR located in the town of Olmedo at Km 153, the selection of this
specific production site will guarantee the bioplastic project to
benefit from synergies, interconnections and common services with
the sugar factory, but without interfering with the latter's
production, and specific production capacity will be decided during
the project implementation accordingly.
"We are satisfied to start this important
journey – declares J. Carlos Rico Mateo, President of ACOR – that
put in its centre the valorization of our sugar beets as raw
materials of an innovative green process without interfering with
the sugar production. The common view of the companies toward a
more sustainable society will allow us to set up the perfect
baseline for the realization of the first PHA production plant in
Spain".
In the framework of this agreement, Bio-on
grants to ACOR the onerous and exclusive right to exercise in the
coming months an option regarding the exploitation of the Bio-on
technology in the territories of Spain and Portugal implementing an
Industrial Plant for the production and sale of PHAs biopolymers,
starting from sugar beets wastes, co- and by-products.
As is known, all the Minerv PHA
bioplastics (polyhydroxyalkanoates) developed by Bio-on
are made from renewable plant sources (and now also lipid) without
any competition with the food chains. They guarantee the same
thermo-mechanical properties of conventional plastics with the
advantage of being eco-friendly and 100% naturally biodegradable.
In addition, they offer application possibilities, even completely
unpublished, in sectors where traditional plastics are not
used.
“Bio-on is very happy to start to work in Spain
with ACOR, it will be very exciting to study the integration of the
PHAs plant with the production process of Olmedo”, explains Marco
Astorri, Chairman and CEO of Bio-on. “It is a very positive result
and a new route of collaboration for the Bio-on company in the
fast-growing market of bioplastics”
ACOR
Castilian-Leon cooperative founded in 1962,
which groups more than 4.000 agricultural partners, currently ACOR
works in the sectors of production and marketing of sugar, food
oils, biodiesel, various products for animal feed (pulp, enriched
molasses, rapeseed and sunflower meal) and renewable electric
power. The main objective is to defend the work of the farmer
partner and get the most profitable result of their effort.
WEB LINK: http://www.cooperativaacor.com
Bio-on S.p.A.
Bio-on S.p.A., an Italian Intellectual Property
Company (IPC), operates in the bioplastic sector conducting applied
research and development of modern bio-fermentation technologies in
the field of eco-sustainable and completely naturally biodegradable
materials. In particular, Bio-on develops industrial applications
through the creation of product characterisations, components and
plastic items. Since February 2015, Bio-on S.p.A. has also been
operating in the development of natural and sustainable chemicals
for the future. Bio-on has developed an exclusive process for the
production of a family of polymers called PHAs
(polyhydroxyalkanoates) from agricultural waste (including molasses
and sugar cane and sugar beet syrups). The bioplastic produced in
this way is able to replace the main families of conventional
plastics in terms of performance, thermo-mechanical properties and
versatility. Bio-on PHAs is a bioplastic that can be classified as
100% natural and completely biodegradable: this has been certified
by Vincotte and by USDA (United States Department of Agriculture).
The Issuer's strategy envisages the marketing of licenses for PHAs
production and related ancillary services, the development of
R&D (also through new collaborations with universities,
research centres and industrial partners), as well as the
realisation of industrial plants designed by Bio-on.
www.bio-on.itBio-on press
information – Simona Vecchies +393351245190 – press@bio-on.it –
Twitter @BioOnBioplastic
IssuerBio-On S.p.A.Via Dante 7/b40016 San Giorgio
di Piano (BO) Tel. +39 051893001 info@bio-on.it |
Nomad EnVent Capital Markets Ltd 25 Savile Row W1S
2ER London Tel.+447557879200 Italian Branch Via Barberini, 95 00187
Roma Tel: +3906896841 pverna@envent.it |
Specialist Banca Finnat
Euramerica S.p.A. Piazza del Gesù, 49 00186 Roma Lorenzo Scimia
Tel: +39 06 69933446 l.scimia@finnat.it |
- CS_72_BIO-ON_ACOR_14_12_2018_ENG