Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the
“Company”), a leading next-generation bioplastics company focused
on the development and production of biodegradable materials, today
announced the commercialization of home compostable retail
packaging for vegetables and fruit, which Danimer developed in
partnership with biodegradable packaging and food service product
manufacturer BIOLO and carrot producer Bolthouse Farms.
Danimer’s signature PHA, Nodax®, was used to create the bags for
one-pound Earthbound Farm Organic Mini Peeled Carrots, now
available in Meijer’s regional network of 240 grocery stores and
supercenters in six states across the Midwest.
Stephen Croskrey, CEO of Danimer Scientific, said, “As demand
continues to rise for environmentally superior alternatives to
petroleum plastics, we’re excited that Meijer will offer home
compostable packaging solutions that make possible the safe,
efficient, low-cost and stable delivery of fresh foods, providing
consumers with a more responsible way to enjoy the products they
love. We’re grateful for the partnership of BIOLO, Bolthouse Farms
and Meijer in bringing this product to market, which we believe
will lead to other foods shifting to PHA-based packaging.”
Danimer’s Nodax® is a biobased polyester made with oils derived
from the seeds of plants such as canola. Unlike traditional
plastic, which can take centuries to degrade, Danimer’s PHA-based
products can degrade in a matter of months under certain
conditions.
The Earthbound Farm Organic Mini Peeled Carrots bags are
certified as home compostable by TUV, a globally recognized leader
in independent product testing, inspection and certification. This
certification means that the bags have passed rigorous testing that
requires them to disintegrate at least 90% within 26 weeks and
biodegrade within 52 weeks under home compost conditions.
“BIOLO’s successful launch of this product with Danimer
Scientific, Bolthouse Farms and Meijer grocery stores represents a
significant step forward for the packaging of retail vegetables and
fruit, which have previously been packaged in traditional
petroleum-based plastic bags,” said William F. Preston, CEO of
BIOLO. “We’re proud to be leading the charge toward a more
sustainable future for the organic produce packaging market, and
are grateful to Bolthouse, Meijer and Danimer, who partnered with
us to make this possible. But this is only the beginning. Through
our strategic partnerships and in accordance with our company
mission, we intend to transform the packaging industry by providing
eco-friendly, high value-add and performance-based products to
food, fashion and apparel, and other consumer packaged goods
businesses.”
Danimer and BIOLO’s parent company, Columbia Packaging Group,
announced a partnership in 2020 to create compostable bags, film
and rollstock for packaging needs spanning the produce,
agriculture, fashion and apparel, consumer goods, bakery and food
service industries.
For more information on Danimer Scientific, visit
www.DanimerScientific.com.
About Danimer Scientific
Danimer is a pioneer in creating more sustainable, more natural
ways to make bio-plastic products. For more than a decade, its
renewable and sustainable biopolymers have helped create
bio-plastic products that are biodegradable and compostable and
return to nature instead of polluting our lands and waters.
Danimer’s technology can be used to replace a vast array of plastic
end products that people use every day. Applications for its
biopolymers include additives, aqueous coatings, fibers, filaments,
films and injection-molded articles, among others. Danimer holds
more than 430 granted patents and pending patent applications in
more than 20 countries for a range of manufacturing processes and
biopolymer formulations. For more information, visit
www.DanimerScientific.com.
About BIOLO
BIOLO is a leading manufacturer of sustainable and biodegradable
flexible packaging (e.g. film, bags and printed rollstock) and food
service products (e.g. drinking straws), which are designed to
replace many traditional single-use plastic items. BIOLO has
factories and locations in California, Missouri and Ohio, and has a
strategy to add more locations and products as it grows to support
the growing demand for sustainable and renewable product
options.
Forward‐Looking Statements
Please note that in this press release we may use words such as
“appears,” “anticipates,” “believes,” “plans,” “expects,”
“intends,” “future,” and similar expressions which constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are made based on our expectations and
beliefs concerning future events impacting the Company and
therefore involve a number of risks and uncertainties. We caution
that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in
the forward-looking statements. Potential risks and uncertainties
that could cause the actual results of operations or financial
condition of the Company to differ materially from those expressed
or implied by forward-looking statements in this release include,
but are not limited to, the overall level of consumer demand on our
products; general economic conditions and other factors affecting
consumer confidence, preferences, and behavior; disruption and
volatility in the global currency, capital, and credit markets; the
financial strength of the Company's customers; the Company's
ability to implement its business strategy, including, but not
limited to, its ability to expand its production facilities and
plants to meet customer demand for its products and the timing
thereof; risks relating to the uncertainty of the projected
financial information with respect to the Company; the ability of
the Company to execute and integrate acquisitions; changes in
governmental regulation, legislation or public opinion relating to
our products; the Company’s exposure to product liability or
product warranty claims and other loss contingencies; disruptions
and other impacts to the Company’s business, as a result of the
COVID-19 global pandemic and government actions and restrictive
measures implemented in response; stability of the Company’s
manufacturing facilities and suppliers, as well as consumer demand
for our products, in light of disease epidemics and health-related
concerns such as the COVID-19 global pandemic; the impact on our
business, operations and financial results from the ongoing
conflict in Ukraine; the impact that global climate change trends
may have on the Company and its suppliers and customers; the
Company's ability to protect patents, trademarks and other
intellectual property rights; any breaches of, or interruptions in,
our information systems; the ability of our information technology
systems or information security systems to operate effectively,
including as a result of security breaches, viruses, hackers,
malware, natural disasters, vendor business interruptions or other
causes; our ability to properly maintain, protect, repair or
upgrade our information technology systems or information security
systems, or problems with our transitioning to upgraded or
replacement systems; the impact of adverse publicity about the
Company and/or its brands, including without limitation, through
social media or in connection with brand damaging events and/or
public perception; fluctuations in the price, availability and
quality of raw materials and contracted products as well as foreign
currency fluctuations; our ability to utilize potential net
operating loss carryforwards; and changes in tax laws and
liabilities, tariffs, legal, regulatory, political and economic
risks. More information on potential factors that could affect the
Company's financial results is included from time to time in the
Company's public reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
All forward-looking statements included in this press release are
based upon information available to the Company as of the date of
this press release, and speak only as of the date hereof. We assume
no obligation to update any forward-looking statements to reflect
events or circumstances after the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20231019709987/en/
Investors James Palczynski
ir@danimer.com 415-876-8429
Media Jonathan Houghton
jhoughton@daltonagency.com 615-515-4892
Danimer Scientific (NYSE:DNMR)
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