New multi-12 months license and provide settlement builds on prosperous joint progress of biobased coatings for paper and board products and solutions working with sustainable biopolymer
BAINBRIDGE, Ga., May well 03, 2022–(Organization WIRE)–Danimer Scientific, Inc. (NYSE: DNMR) and Kemira declared nowadays a multi-year license and supply settlement, distinctive in Kemira’s core marketplaces, to commercialize biobased barrier coatings for paper and board merchandise. The providers will introduce the freshly produced coatings for food items and beverage industry apps in just North and South The united states, Europe, the Center East and Africa in the coming a long time. The appropriate dispersion barrier marketplace sizing is presently all around EUR 500 million and is predicted to mature all-around 10% per annum.
The new settlement builds on the companies’ prosperous partnership, initially declared in December 2020, to acquire a coating and area remedy that assures paper and board things, these as single-use espresso cups, are house and industrially compostable, as properly as biodegradable in soil and h2o environments. The corporations made the coating material employing Danimer’s biopolymer PHA, which is generated from vegetable oils applying contemporary biotechnology and serves as a biodegradable alternate to regular plastics.
“This new, exceptional agreement is a big move in acknowledging our biobased method to deliver significant-excellent, sustainable and circular packaging solutions to our customers,” mentioned Antti Matula, SVP, Worldwide Product Lines & Organization Enhancement for Kemira Pulp&Paper. “We’re energized to grow our partnership with Danimer to harness the total probable of PHA globally. Alongside one another we will convey new biobased and circular merchandise to marketplaces, an crucial milestone in achieving our biobased growth targets and differentiating from competition.”
The new PHA-based mostly aqueous barrier coatings are heat sealable and offer an exceptional oil, h2o and grease barrier. Additional gains contain repulpability, which enables the paper to be recycled devoid of unique products for comprehensive fiber restoration. These attributes even further greatly enhance the sustainability of the content and allow makes to deliver products and solutions that lead to a round economic climate and lessen the influence of plastic squander on the natural environment. The PHA coatings can exchange polyethylene and present a practical substitute to for each- and polyfluoroalkyl substances (PFAS). PFAS, also identified as “without end chemical substances,” are progressively becoming phased out in meals packaging all around the world due to possible wellness risks associated with their use.
“This expansion of our partnership with Kemira represents numerous important milestones in Danimer’s mission to reduce plastic squander,” stated Stephen E. Croskrey, Chairman and CEO of Danimer Scientific. “To start with, this thriving venture reflects the probable for PHA to provide as a sustainable alternate to regular plastic throughout several types. 2nd, this new license and supply arrangement establishes a new profits stream that will more help the world-wide commercialization of this product. We are grateful for Kemira’s continuing partnership and glimpse ahead to aiding them convey these coatings to current market.”
Kemira is a world chief in sustainable chemical remedies for h2o intensive industries. We provide most effective suited items and knowledge to increase our customers’ solution high-quality, approach and useful resource effectiveness. Our focus is on pulp & paper, water therapy and power field. In 2021, Kemira had yearly earnings of close to EUR 2.7 billion and about 5,000 workers. Kemira shares are mentioned on the Nasdaq Helsinki Ltd. www.kemira.com
About Danimer Scientific
Danimer is a pioneer in producing a lot more sustainable, much more pure ways to make plastic goods. For far more than a 10 years, its renewable and sustainable biopolymers have assisted create plastic items that are biodegradable and compostable and return to nature as a substitute of polluting our lands and waters. Danimer’s engineering can be uncovered in a extensive array of plastic conclusion products and solutions that individuals use every single working day. Programs for its biopolymers include things like additives, aqueous coatings, fibers, filaments, movies and injection-molded articles or blog posts, among other people. Danimer holds more than 390 granted patents and pending patent applications in a lot more than 20 international locations for a assortment of producing processes and biopolymer formulations. For more data, check out www.DanimerScientific.com.
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Antti Matula, Senior Vice President, World-wide Solution Traces & Company Development
Mikko Pohjala, Vice President, Trader Relations
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