Plastics Color Corporation to Market Ingeo™ PLA Based Masterbatch
PCC (Plastics Color Corporation), a leading supplier of color concentrates, compounds and additive masterbatches for the plastics industry, today announced that they will begin marketing PCC’s SoluPLAs™ TN 920259 Blue Tint masterbatch. PCC originally developed the product for Ingeo producer NatureWorks, and will now market the product directly as a new grade within its SoluPLAs portfolio.
SoluPLAs TN 920259 is just one product in PCC’s line of PLA enhancements. SoluPLAs solutions extend PLA applications breadth in the market, with options for control and adjustment of PLA clarity, UV protection qualities, and noise reduction.
SoluPLAs biopolymer products are just one offering in PCC’s lines of sustainable polymer solutions. PCC manufactures its line of SoluPET ™colorants and other resins made partially from post-consumer regrind and also offers the SoluPur™ line of biodegradable polymers as part of its commitment to a sustainable future.
About Plastics Color Corporation
Plastics Color Corporation (PCC), headquartered in Calumet City, Ill., is a global provider of colorants, compounds, additive masterbatches and custom polymer solutions for an extensive range of markets including pharmaceuticals, medical, consumer goods and others. PCC supports virtually every type of manufacturing process and material. We engage our customers from concept to commercialization and help them develop new cutting-edge products that lead the market. PCC has more than 40 years’ experience in the polymer industry and operates fully-equipped product development laboratories and manufacturing facilities in California, Illinois, North Carolina, and Nanjing, China. PCC’s Illinois and North Carolina labs are certified by the American Association for Laboratory Accreditation, A2LA. PCC also provides testing and product development services through our Solutions Center in Asheboro, N.C. For more information, call (800) 922-9936 or visit www.plasticscolor.com.
Natural biodegradable bamboo based bio composite achievement
Zhejiang Forestry Research Institute natural biodegradable bamboo based biological composite plastic project passed through the provincial identification recently.
This project is one of the Zhejiang Provincial Key Science & Technology Projects. It is a result of cooperation between Zhejiang Forestry Research Institute and other companies in Zhejiang province.
The project development process includes bamboo powder hydrophobic modification technology, design of bamboo powder and biodegradable plastic PHBV (poly-hydroxy butyrateco-valerate) mixed components, and bamboo based biological composite plastic extrusion and injection molding process.
The breakthroughs in those key technologies made it possible to develop bamboo based biological composite plastic injection molding products from the raw materials of bamboo processing residues and degradable biological plastic PHBV.
The products cost 25% to 30% less than the pure biological plastic products. And it has the advantages of higher strength, modulus and heat distortion temperature which improved the pure biological plastic high cost, poor heat resistance.
The main performance indicators have reached the national standard requirements. A 200 tons / year bamboo based biological composite plastic trial production line and an injection molding products trial production line have been built based on this project result.
More information: www.zjforestry.ac.cn
“Mater-Bi” bioplastic specified for airline food serving tray in Sweden
“Mater-Bi” bioplastic specified for airline food serving tray in SwedenA serving tray suitable for fresh food, manufactured using paperboard coated with “Mater-Bi” biodegradable and compostable bioplastic from Novamont (Novara / Italy; www.novamont.com), has been introduced by Swedish airline Malmö Aviation (www.malmoaviation.se) for its onboard catering service.
Iggesund Paperboard (Iggesund / Sweden; www.iggesund.com), a long-standing partner of Novamont, supplied its “Invercote Bio” board for coating as the substrate for the tray. Following use, the tray can be disposed of along with food scraps by composting and anaerobic digestion.
Source: Plasteurope
Study Finds Ingeo™ Biopolymer Stable in Landfills with No Statistically Significant Quantity of Methane Released
A peer-reviewed article appearing in the journal of Polymer Degradation and Stability concludes that Ingeo? biopolymer is essentially stable in landfills with no statistically significant quantity of methane released. This conclusion was reached after a series of tests to ASTM D5526 and D5511 standards that simulated a century's worth of landfill conditions.
“NatureWorks is looking at sustainability from a 360-degree perspective ? from sustainable agriculture to facilitating sustainable end-of-life scenarios for Ingeo bioplastic and fiber.”
"This research is the latest in a series of NatureWorks initiatives aimed at understanding and documenting the full sustainability picture of products made from Ingeo," said Marc Verbruggen, president and CEO, NatureWorks. "We work with a cradle-to-cradle approach to zero waste. What this means in terms of landfill diversion, for example, is ideally that Ingeo foodservice ware would be composted in order to enable the landfill diversion of a food-residual stream, and that Ingeo resins and fibers would be mechanically or chemically recycled and not landfilled. However, these systems are still emerging and developing. The reality today is that a percentage of Ingeo products end up in landfills. And now we can say with certainty that the environmental impact of that landfilling, in terms of greenhouse gas release, is not significant."
Verbruggen added that several months ago Ingeo was the first biopolymer to receive tandem certifications for sustainable agricultural practices in growing feedstock. "NatureWorks is looking at sustainability from a 360-degree perspective ? from sustainable agriculture to facilitating sustainable end-of-life scenarios for Ingeo bioplastic and fiber."
Two scenarios tested
Conditions in landfills can vary considerably by geography, management practices, and age of waste. As a result, researchers Jeffery J. Kolstad, Erwin T.H. Vink and Bruno De Wilde, and Lies Debeer of Belgium-based Organic Waste Systems performed two different series of tests spanning a broad spectrum of conditions. The first was at 21? C (69.8? F) for 390 days at three moisture levels. The first series did not show any statistically significant generation of biogas, so the team decided to push the stress tests to a higher and more aggressive level and instituted a series of high solids anaerobic digestion tests. Today, some landfills are actively managed to act as "bioreactors" to intentionally promote microbial degradation of the waste, with collection and utilization of the by-product gas. To capture this scenario, the second series of tests were designed to simulate high solids anaerobic digestion under optimal and significantly accelerated conditions and were performed at 35? C (95? F) for 170 days. While there was "some" biogas released in this aggressive series of tests, the amount released was not statistically significant according to the peer reviewed research paper. Both series of tests were designed to represent an examination of what could happen under a range of significantly accelerated anaerobic landfill conditions and were roughly equivalent to 100 years of conditions in a biologically active landfill.
Download the complete 10-page study, . Products made from Ingeo span multiple industries and categories, including packaging, electronics, clothing, house wares, health and personal care items, semi-durable products, and the foodservice industry. View this special edition Ingeo LookBook for a sampling of the latest Ingeo innovations. To learn more about Ingeo and NatureWorks, visit natureworksllc.com. Follow NatureWorks on Twitter (@natureworksllc) for the latest updates.
Solegear Bioplastics to develop new bioplastic technology with the National Research Council of Canada
Solegear Bioplastics Inc., a developer of award-winning bioplastic technologies, has teamed up with the National Research Council of Canada (NRC) to jointly develop new bioplastic using their respective proprietary formulations and technologies.
Since commercializing its initial portfolio of 100% non-toxic, bio-based and compostable bioplastics in 2010, Solegear has focused on creating customized, high-performance bioplastic solutions for some of the world’s leading companies. This has been achieved by collaborating with an international team of scientists, creating partnerships through the full plastics supply chain and consistently developing new technologies that increase the strength, processability and real-world performance of today’s bioplastics.
“The collaboration with NRC builds on the partnership we’ve had since 2007.” says Solegear CEO, and founder Toby Reid, “The Polymer Bioproducts team at the NRC is world-renowned for their understanding and expertise in stabilizing bioplastics, and is a great fit with our technology for modifying specific performance characteristics of bioplastics. This project sets the stage to deliver significant technology breakthroughs that would be otherwise unachievable if we both worked independently. It’s Canadian collaboration and innovation in action.”
“The team at Solegear has done an excellent job to identify key market opportunities in the rapidly growing field of biopolymers. Their technological expertise and their commercialization acumen make them a valuable partner in our efforts to bring these Canadian innovations to the market,” says Nathalie Legros, Group Leader for Polymer Bioproducts at NRC. “We look forward to continued success with Solegear and to helping make Canada a leader in biopolymers and bioproducts.”
About Solegear Bioplastics Inc.
Solegear, based in Vancouver BC, engineers, produces and distributes high-performance bioplastic made from rapidly renewable resources. Founded in 2006, Solegear has developed proprietary bioplastics formulations under the brand name Polysole® – a 100% non-toxic, bio-based and compostable bioplastic. In 2010, Solegear was awarded Frost & Sullivan’s Best Practices Award recognizing outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development.
Environmental communications for bioplastics
Greenwashing, false or misleading communication of environmental product properties, is a widespread problem in the marketplace. European Bioplastics, the association for the European bioplastics' industry, has considered this subject, and, in order to further good communication along the complete bioplastics value chain, has published its ‘Environmental Communications Guide for Bioplastics’.
The guide gives an overview of general guidelines for environmental communication and specific recommendations for bioplastics.
Download your free copy of the ECG here:
(English language, pdf, 3,6 MB)
A short summary of the key findings is also available in English, German, French, Italian, Spanish, Dutch and Swedish. Click on the respective icon to download the file (pdf, 1,3 MB).
Multivac New Zealand introduces Plantic eco Plastic™
Multivac New Zealand has announced that it will commence exclusive distribution of Plantic eco Plastic™ ultra high barrier sustainable packaging materials in the New Zealand market.
“Multivac is pleased to be able to offer our customers this range of unique sustainable ultra high barrier packaging materials which complements our equipment and service offering” said Stephen Holmes MD Multivac New Zealand. “This move is part of our strategy to give our customers a comprehensive service and we are pleased to be partnering with Plantic, a global leader in sustainable materials.”
“The move into materials is part of our multimillion dollar facility expansion and designed to provide our customers with end to end service” Mr Holmes added, “we will be showcasing the Plantic eco Plastic™ product running in our application center, as part of our formal facility opening in September.”
Plantic eco Plastic™ has an oxygen transmission rate of less than one-tenth of one percent and creates a new class of ultra high barrier packaging materials. This unique new packaging has the potential to significantly increase shelf life and improve product freshness.
“eco Plastic™ raises the bar for barrier packaging,” says Brendan Morris, Plantic Technologies CEO. “Customers benefit from both improved shelf life and the tremendous environmental benefits; every 100 tons of eco Plastic™ used saves enough energy to power 200 homes for a year and is the CO2 equivalent of planting 42,000 trees. “ The bio-based material contains up to 80 percent renewable content and use up to 25 percent less energy than conventional polymers throughout the complete product lifecycle.
Plantic’s eco Plastic™ broad product range covers premade rigid trays through to rigid and flexible thermoformable roll stock. The material runs on Multivac standard thermoforming, vacuum forming and form-fill-seal systems. Plantic eco Plastic™ materials require no investment in new processing or packaging technology. They are a drop-in replacement for a range of traditional plastics used in modified atmosphere and Ultra high-barrier packaging.
Source: http://www.plantic.com.au
Purac to present high performance PLA bioplastic as a replacement for PS, PP and ABS in demanding applications at FAKUMA 2012
Purac will be presenting biobased solutions for high performance Poly Lactic Acid (PLA) at Fakuma 2012, 16 - 20 October in Friedrichshafen, Germany. Fakuma 2012 is one of the most important exhibitions for the plastics processing industry worldwide, and will provide the forum for Purac to present its PURALACT® Lactide innovations. These innovations open up new possibilities for producers seeking biobased alternatives to current fossil fuel based engineering plastics.
PLA now offers the possibility to replace PS, PP and ABS in those applications where heat resistance is a key requirement. Purac's technology can increase the heat stability of PLA to the range of 80 - 180 degrees Celsius.
Purac's solutions for high performance PLA for the injection molding and thermoforming industries unlock bioplastic potential for high temperature applications, such as microwavable food packaging and hot beverage cups, and also for durable applications in a range of high end markets, such as automotive, carpet, clothing and consumer electronics and appliances. PURALACT L & D based homopolymers - known as PLLA and PDLA - are the key to this improved heat performance and are now commercially available from Purac.
At Fakuma 2012, Purac will demonstrate its capabilities by presenting thin wall, thermoformed hot beverage cups produced from PURALACT based PLA which are able to resist the high temperatures associated with hot beverages like tea or coffee.
Source: http://www.purac.com
MGP Announces New Line of Eco-Friendly Biodegradable Resins
MGP has announced the development of Terratek® BD, a new line of biodegradable composite resins. This newest entry in the company’s portfolio of eco-friendly bioplastic products will be introduced at the Sustainable Packaging Forum slated for Sept. 11-13 in Pittsburg, Penn.
“The launching of Terratek® BD represents another major step in MGP’s ongoing commitment to deliver commercially-viable product offerings that help reduce reliance on conventional petroleum-based plastics,” commented Mike Parker, bioplastics product development and sales manager. “It provides an ideal alternative for multiple applications wherein the manufacture of fully compostable products is highly desirable.”
Parker emphasized that “among the most unique aspects and advantages” of Terratek® BD is the product’s “unique ability to serve as a cost effective solution for creating heat-tolerant, bio-based compostable products” compared to similar type resins. “We view this as a significant breakthrough in that it can open new doors for the development of end-user products that maintain their physical integrity under moderate to high heat conditions.”
Applications for Terratek® BD include a variety of injection-molded industrial and consumer products such as disposable packaging materials and containers. “This material can be used in many other injection-molded applications including durable products that can benefit from being compostable at the end of their lifespan,” Parker said.
Terratek® BD is produced at MGP’s facility in Onaga, Kan., from a proprietary blend of wheat- and corn-based products, as well as other compostable materials. Natural components derived from renewable grain sources make up the majority of the resins’ content by weight. The smooth, white, pellet-size resins can be easily processed, shaped and colored by finished goods manufacturers to meet their specific product designs and needs.
“All of the materials used in the production of Terratek® BD meet industry standards for fully compostable products,” said Mark Kocour, bioplastics general manager at MGP. “In addition to the excellent heat tolerance displayed by these new resins, they possess outstanding mechanical qualities, including strength and a rare combination of rigidity and pliability. This bolsters our confidence in their ability to be effectively applied toward the manufacture of a growing range of biodegradable consumer packaged goods that are both highly practical and environmentally-friendly.”
In addition to MGP’s new Terratek® BD line, the company produces and markets Terratek® SC, a starch-based bioplastic, and Terratek® WC, made from a combination of fine wood particles and recycled plastic materials.
Made from up to 65 percent renewable material, Terratek® SC is similar to thermoplastics, and can be molded into a variety of shapes and sizes for the production of both pliable and hard plastic products. This line of resins is also capable of withstanding temperatures beyond boiling point and can be processed into finished products using conventional and existing technologies.
Wood particles used in the production of Terratek® WC are obtained from waste materials generated by the woodworking industry. Processed to produce a consistent filler/reinforcing product, the use of these particles promotes the reclamation of wood waste that would otherwise be sent to landfills, and ensures that no new trees are cut down to make the product. Available in an injection molding grade, as well as an extrusion grade, Terratek® WC can be used in such applications as decking, furniture parts, structural components, toys and indoor and outdoor decorative items.
“All of the products under our Terratek® brand respond to growing interest in renewable sources to address environmental concerns and curtail dependence on non-renewable synthetic materials,” Parker said. “In this way, MGP is helping the industry and consumers make strides toward lowering their carbon footprint.”
Source: http://www.mgpingredients.com
Natureworks adds biopolymer capacity
NatureWorks and Sulzer’s division Sulzer Chemtech announced today that Sulzer has shipped proprietary production equipment to NatureWorks’ Blair, Neb., facility that will enable NatureWorks to increase production of Ingeo™ biopolymer and produce new, high-performance resins and lactides.
Nameplate Ingeo production capacity at Blair will rise from 140,000 to 150,000 metric tonnes per annum. Commissioning of the installed new equipment is expected in the first quarter of 2013 with capacity increases and new products becoming available in the second quarter.
NatureWorks and Sulzer have been working on this capital improvement project for more than a year. Each company has contributed to the project with NatureWorks bringing its operational experience and intellectual property in lactides processing, and Sulzer bringing its proprietary equipment and engineering design expertise in this field. NatureWorks owns patents to the new process, to which Sulzer has exclusive sublicensing rights worldwide. Technical details concerning the new production equipment and the amount of this major capital expenditure are not being released due to the proprietary and competitive nature of this Ingeo development project.
"NatureWorks has an extensive patent portfolio, which includes intellectual property around lactides, polymer and product applications," explained Bill Suehr, NatureWorks' chief operating officer. "This project has been a natural marriage of each company’s assets, focused on a subset of NatureWorks' patented process technology to bring both new capacity and new products to the market."
"Sulzer has a wide range of innovative technologies applicable for lactide purification. In support of NatureWorks' team, we optimized one of these technologies with the goal to expand the Ingeo product portfolio. In this process, additional work was done in our test center with two primary benefits in focus – increased capacity and product extension," said Peter Moritz, head of Sulzer Process Technology. "The project development, including the design and delivery of our proprietary equipment, provided an exciting professional and technical opportunity for us to show our capabilities for this type of application."
New polymer grades
With the new technology, NatureWorks will be introducing new high-performance Ingeo resin grades in the injection molding and fibers arenas. New injection molding grades Ingeo 3100HP and 3260HP are designed for use in medium and high flow nucleated formulations to provide an excellent balance of mechanical and thermal properties, while delivering up to 75 percent cycle time savings over formulations based on current Ingeo grades. Heat distortion temperatures (@ 66 psig) are expected to be 15°C higher than what is achievable today.
Fibers and nonwoven products made from the new Ingeo grades 6260D and 6100D will have reduced shrinkage and better dimensional stability. These improved features are expected to enable Ingeo use across a broader range of fiber and nonwoven applications and provide larger processing windows in fiber spinning and downstream conversion processes. NatureWorks also will assess new market and application opportunities for the technology in other processes, including thermoforming, film extrusion, blow molding and profile extrusion.
New lactide
NatureWorks will be the world’s first and only company to offer commercial quantities of a high-purity, polymer-grade lactide rich in the stereoisomer meso-lactide. Identified as Ingeo M700 lactide, this unique, new commercial material will be used as an intermediate for copolymers, amorphous resins, grafted substrates, resin additives/modifiers, adhesives, coatings, elastomers, surfactants, thermosets and solvents.
Several producers have addressed the functionality requested by the market with what are described chemically as racemic lactides. "Compared to these, the high-purity Ingeo M700 will be easier to process and an overall cost effective alternative to racemic, L- and D-lactides in a host of industrial applications," said Dr. Manuel Natal, global segment leader for lactide derivatives at NatureWorks.
While the new equipment was being manufactured, Sulzer supported NatureWorks to supply a targeted group of early adopters with demonstration samples of these new resin grades and lactides to enable early-stage feasibility work. Once the new equipment is commissioned in the first quarter of 2013, NatureWorks will expand the availability of these developmental samples to include a broader group of potential users.
Ingeo is a USDA BioPreferred® biopolymer that is made from renewable plant material, not oil. Its environmental footprint, in terms of greenhouse gas emission and energy consumption, is smaller than all commonly applied petrochemical-based plastics. Over the past several years, NatureWorks has made significant investments in initiatives that address and certify Ingeo sustainability from an agricultural perspective through end-of-life scenarios.
Products made from Ingeo span multiple industries and categories, including packaging, electronics, clothing, house wares, health and personal care, semi-durable products and the foodservice industry. View this special edition Ingeo LookBook for a sampling of the latest Ingeo innovations. To learn more about Ingeo and about NatureWorks, visit www.natureworksllc.com. Follow NatureWorks on Twitter (@natureworksllc) for the latest updates.
Source: http://www.natureworksllc.com
Yparex B.V. first to market with bio-based tie layer for greener multilayer packaging
Yparex B.V today announced that it is the first supplier in the packaging industry to develop and commercialize an adhesive tie layer for multilayer packaging films that is bio-based (i.e. produced from plant- rather than petroleum-based raw materials). Since this tie-layer resin is derived from 95% annually renewable resources and is fully recyclable, yet meets the same performance specifications as non-renewable petroleum-based polymer of the same family, it offers packaging manufacturers the opportunity to make their products more sustainable because plant precursors sequestered greenhouse gases during their life cycle. However, it also helps protect the packaging industry’s supply chain from price spikes of materials closely tied to the cost of oil and natural gas.
There is currently significant debate about which direction the packaging industry should and ultimately will take to become more environmentally friendly, with many different initiatives being proposed. Producers are consistently designing thinner and lighter packaging that does more (offers higher functionality) while using less material; suppliers have found ways to source more environmentally benign raw materials; and still other companies have started numerous recycling initiatives to reduce post-consumer waste. As consumers and non-governmental organizations (NGOs) have increased pressure on the packaging industry to reduce its environmental impact, the packaging industry has naturally turned to its supply base and asked for help.
“There’s a lot of disagreement about how best to make the packaging industry more sustainable,” notes Wouter van den Berg, general manager, Yparex B.V. “ Some argue for glass, since it’s insert and recyclable. Others say paper is better, as it’s made of materials that grow back. Still others say lightweight plastics are greenest because they save significant transportation costs and energy, while increasing safety (since they’re unbreakable), and extending shelf life (reducing waste). Given the incredible size of the packaging industry, and the breadth of products involved—from food and beverages to car parts to industrial maintenance supplies and consumer electronics—I don’t believe there will be one easy answer that solves the sustainability question or a single approach that addresses the needs of all the segments that are involved. As an industry, we need to develop many parallel initiatives to help move packaging to the next level of sustainability. And as a producer of adhesive tie resins, Yparex management decided that the best way we could contribute was by formulating the greenest tie resin we could make.“
Yparex’s response was to develop a bio-based version of the company’s popular Yparex® brand adhesive tie-layer resin for multilayer barrier-packaging producers. Adhesive tie layers are special polymers used in very-popular multilayer films that bond together dissimilar resins that otherwise would not adhere to each other. Such films are then used in rigid or flexible barrier-packaging structures that prevent passage of oxygen into the package (causing spoilage or contamination) and keep flavor and odors from leaving the package (leading to prematurely stale products), extending the shelf life for meat, cheese, and other perishable foods. The new extrusion grade is suitable for blown or cast multilayer film structures that use common barrier resins like polyamide (PA, also called nylon) and ethylene vinyl alcohol (EVOH). The new polymer is the first of what the company hopes will become a growing family of bio-based “green” tie layer grades. Since the plant-based resin behaves exactly as the same grade of petroleum-derived resin does, it is a perfect drop in solution for packaging manufacturers looking to lower their carbon footprint and offer their customers a more sustainable product.
Adds Van den Berg, “We are shipping our first lot of green Yparex Renew™ resin to an innovative film producer this month for evaluation. We hope the packaging industry responds favorably to this sustainable product offering and, if it does, we promise this will be the first of many more “green” innovations coming from our company.”
About Yparex BV
Yparex B.V. is a leading supplier of extrudable tie-layer resins for a variety of high-tech applications, including multilayer barrier packaging film, medical film, multilayer pipe, architectural wall cladding, and wire & cable. Combining outstanding technical support, fast response times, innovative approaches to resin chemistry, and co-development opportunities, the company is an ideal partner for those seeking more efficient methods to bond dissimilar materials together across large surfaces. For more information, see www.yparex.com.
Cereplast Hybrid 651D Nominated for MATERIALICA 2012 Award
Cereplast, Inc. a leading manufacturer of proprietary biobased, sustainable bioplastics, today announced that Hybrid 651D has been nominated for the MATERIALICA 2012 award in the "Material" category. Out of approximately one hundred submissions, eight materials, including Cereplast Hybrid 651D, were selected for the "Material" category. Cereplast's Hybrid 651D is the only bioplastic material that was nominated for this year's award. The silver, gold and "best-of" awards will be announced during the awards ceremony on October 23, 2012 at MATERIALICA 2012, the 15th International Trade Fair for Materials Applications, Surface Technology and Product Engineering, which will take place at the Munich Trade Fair Center.
MATERIALICA is Europe's top event for material-driven and supplier-oriented product innovations. The future-oriented innovative field of "lightweight design" continues to set the course for a new age in electric mobility, aerospace, new energy and automotive industries as well as groundbreaking product developments in the sports and leisure arena. This is why the trade fair MATERIALICA is specifically highlighting Lightweight Design this year. The focus will be on innovative lightweight concepts for the consumer sectors mentioned above.
A new addition to the Cereplast Hybrid Resins® product line, Hybrid 651D is the first EA and starch hybrid resin. Hybrid 651D is a tough, soft touch, pliable material that is ideal for extrusions and soft injection moldable applications, providing the desirable properties of conventional EA while offering a lower carbon footprint and expanding the range of properties available for durable bioplastic materials. It can be used for the manufacture of consumer goods and packaging, footwear, handbags and other fashion accessories, as well as wire and cable insulation, soft plastic goods such as tubes and hoses and adhesion layers for multi-layer films.
Source: www.cereplast.com
Cardia Bioplastics secures supply contract with global consumer products company
Cardia Bioplastics has secured a $500,000 per annum supply contract with a global consumer products company, to provide Cardia Compostable bags as part of its consumer product offering.
Cardia Bioplastics Limited (ASX: CNN) is pleased to announce that it has secured a $500,000 per annum supply contract with a global consumer products company, to provide Cardia Compostable bags as part of its consumer product offering. The contract win is an important achievement for Cardia and adds another leading global brand to the Company’s customer portfolio.
The supply contract provides Cardia with a strong revenue stream and exposure to that company’s extensive retail channels.
The new consumer product is expected to go to market in November this year. The Cardia Compostable bags will be used in conjunction with one specific product line, to encourage environmentally-friendly waste disposal practices. The contract opens up significant future growth opportunities for Cardia because the relationship has the potential to expand into other product channels.
The contract win is a significant development for Cardia. Involvement with such a high profile consumer goods company provides Cardia and its products with exposure to a substantial number of potential new global customers. It also provides further validation of the commercial appeal of Cardia’s patented technology, holding it to the highest standards for performance, quality and safety.
Managing Director of Cardia Bioplastics, Dr Frank Glatz, commented:
“Cardia has entered an exciting period of business development, transitioning from product development to global commercialisation – a timely move, considering the global shift towards green economies is gaining significant traction. Individuals, companies and Governments are looking at ways to reduce their impact on the environment, and with a patented portfolio comprising a number of renewable resin technologies, Cardia is well-placed to capitalise on this trend.
“This latest contract win with the consumer goods major is further commercial validation of our resin technologies and the significant role they can play in helping companies to reduce their carbon footprint.”
