May 18, 2022

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Danimer Scientific and Kemira Expand Exclusive Partnership to Commercialize Fully Biobased Barrier Coatings

6 min read

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.”

About Kemira

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.

Forward‐Looking Statements

Be sure to be aware that in this press release we could use text this kind of as “appears,” “anticipates,” “believes,” “strategies,” “expects,” “intends,” “upcoming,” and very similar expressions which constitute ahead-wanting statements in just the meaning of the secure harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-hunting statements are designed based on our expectations and beliefs relating to long run occasions impacting the Firm and therefore entail a amount of pitfalls and uncertainties. We caution that forward-searching statements are not guarantees and that real final results could vary materially from these expressed or implied in the forward-wanting statements. Probable pitfalls and uncertainties that could bring about the actual benefits of operations or monetary condition of the Corporation to differ materially from all those expressed or implied by forward-on the lookout statements in this release consist of, but are not minimal to, the in general degree of client need on our products and solutions general economic conditions and other aspects impacting purchaser self-confidence, tastes, and actions disruption and volatility in the world wide forex, capital, and credit rating marketplaces the monetary power of the Firm’s customers the Firm’s ability to apply its enterprise technique, such as, but not restricted to, its ability to increase its manufacturing services and plants to meet up with shopper need for its solutions and the timing thereof pitfalls relating to the uncertainty of the projected money details with respect to the Corporation the potential of the Enterprise to execute and combine acquisitions adjustments in governmental regulation, laws or general public belief relating to our products the Company’s exposure to product liability or merchandise guarantee promises and other reduction contingencies disruptions and other impacts to the Company’s enterprise, as a consequence of the COVID-19 international pandemic and federal government actions and restrictive measures implemented in response stability of the Company’s production services and suppliers, as properly as purchaser demand for our goods, in mild of ailment epidemics and overall health-linked worries such as the COVID-19 international pandemic the influence that world-wide weather modify tendencies may have on the Company and its suppliers and customers the Company’s ability to guard patents, trademarks and other intellectual house legal rights any breaches of, or interruptions in, our details methods the skill of our data technology methods or info stability units to work effectively, which includes as a result of protection breaches, viruses, hackers, malware, natural disasters, seller small business interruptions or other results in our means to adequately sustain, guard, fix or up grade our info technological know-how programs or info protection devices, or complications with our transitioning to upgraded or substitution programs the influence of adverse publicity about the Corporation and/or its brand names, including without having limitation, by social media or in link with brand damaging situations and/or general public perception fluctuations in the price tag, availability and high quality of raw products and contracted products as well as foreign currency fluctuations our skill to benefit from prospective internet operating decline carryforwards and variations in tax regulations and liabilities, tariffs, authorized, regulatory, political and financial challenges. Extra data on possible aspects that could have an effect on the Company’s economic outcomes is integrated from time to time in the Company’s general public studies submitted with the Securities and Trade Fee, which include the Firm’s Yearly Report on Sort 10-K, Quarterly Stories on Form 10-Q, and Latest Stories on Type 8-K. All forward-looking statements provided in this push release are based mostly upon information and facts available to the Corporation as of the day of this press release, and talk only as of the day hereof. We presume no obligation to update any forward-looking statements to mirror situations or situations just after the day of this press release.

Look at source variation on businesswire.com: https://www.businesswire.com/information/residence/20220503005229/en/

Contacts

Kemira Oyj
Antti Matula, Senior Vice President, World-wide Solution Traces & Company Development
[email protected]

Kemira Oyj
Mikko Pohjala, Vice President, Trader Relations
Tel: +358 40 838 0709
[email protected]

Danimer buyers
[email protected]
Tel: +1-229-220-1103

Danimer media
Anthony Priwer
[email protected]
Tel: +1- 615-515-4891

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