Metabolix Enters into Agreement with Kenmare to Expand Business in Compostable Film Markets in Europe
Metabolix, Inc. (NASDAQ: MBLX), an innovation-driven bioscience company focused on delivering sustainable solutions for plastics, chemicals and energy, today announced that it has entered into an agreement with Kenmare Srl., a packaging solutions supplier based in Milan, Italy and Lugano, Switzerland. Under the agreement, Kenmare will promote to its customers Metabolix's Mvera B5008, a certified-compostable film grade, starting in 2013.
"With growing concern about single-use bags and the emergence of plastic bag regulations requiring either reusable or certified compostable alternatives, it has become increasingly important for bag suppliers and retail stores to offer more sustainable product options," said Francesco Tognato, director, at Kenmare. "We have been pleased with Metabolix products and are honored to offer Mvera B5008 to our customer base as an excellent alternative raw material for compostable bag production. We look forward to expanding our business with Metabolix next year as they ramp up their production in Europe."
Mvera B5008 is designed for consumer compost bags, can liners for commercial compostable food waste, as well as shopping and retail bags that can be reused as consumer compost bags. It is certified by Vinçotte to meet the EN 13432 standard for compostable plastics, and exhibits many of the same performance qualities of the current non-compostable plastic bags— such as excellent puncture and tear resistance, good barrier properties, printability and compatibility with other compostable polymers.
"We're delighted to work with Kenmare to help build awareness and generate additional sales for Mvera B5008 among Kenmare's customers that are at the forefront in providing innovative compostable packaging solutions," said Dr. Stan Haftka, director of business development, Europe at Metabolix. "Kenmare has unparalleled expertise and reach in these regions, working with a number of leading organizations on their packaging needs. This expanded relationship reflects Metabolix's continued growth in European markets and will help us leverage existing Kenmare customer relationships and capabilities to broaden our presence in European markets."