RCS - Symphony Environment - New natural biodegradable resin product launch

Symphony Environmental TechnologiesAnnouncement

25/11/2024 07:00

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RNS Number : 4206N  Symphony Environmental Tech. PLC  25 November 2024

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25 November 2024

Symphony Environmental Technologies Plc

("Symphony", the "Company" or the "Group")

New Product Launch

"NbR"  Natural/Biodegradable Resin

 

Symphony Environmental Technologies Plc (AIM:SYM), the global specialists in
technologies that make plastic and rubber products smarter, safer and more
sustainable, is pleased to announce a new natural and biodegradable resin,
branded NbR. It is suitable for a wide range of packaging products and for
agricultural mulch-films.

This technology was first developed by Symphony in 2011, but due to increased
focus on reducing fossil resources in plastics, our early formulations have
been upgraded during 2024, and NbR is the result.

NbR is made with natural minerals to reduce the amount of fossil-derived
polyethylene or polypropylene used for making plastic products.  The products
will also biodegrade safely in nature without leaving microplastics if they
escape recycling and end up as litter in the open environment.

When NbR is used instead of normal PE or PP resins it will reduce the amount
of fossil-derived plastic in the product by 20%, as well as cutting CO2
emissions.

NbR resin is a solution for customers who are urgently looking to reduce their
use of fossil-derived plastics, with no material cost increase, and to reduce
their impact on the environment.

The global resin market size
(https://www.fortunebusinessinsights.com/industry-reports/resin-market-101746)
for which NbR is suitable was valued at $556.00 billion in 2023 and is
projected to grow to £859.27 billion by 2032, at a CAGR of 5.0%.

NbR technology is consistent with EU and FDA-USA Packaging Food Contact
Regulations, and products are tested for biodegradability and non-toxicity
according to international Standards.

The CEO of Symphony, Michael Laurier commented that: "This is a major
innovation as it will make an environmental difference by reducing the
fossil-derived content of plastic products by 20%, and cutting CO2 emissions.
Like ordinary plastic products, a product made with NbR can be recycled and
made with recyclate, but it will biodegrade within months, without leaving
microplastics if exposed in the open environment, instead of lying or floating
around for decades."

 

"Trade marks are being applied for, but in line with our strategy, no patent
applications will be made in order to protect the confidentiality of our
formulations."

 

 

Enquiries

Symphony Environmental Technologies Plc                 +44 (0)
20 8207 5900

Michael Laurier, CEO

Ian Bristow, CFO

www.symphonyenvironmental.com

 

NOTES TO EDITORS:

About Symphony Environmental Technologies plc

 

SYMPHONY'S BUSINESS

Symphony has a diverse and growing customer-base and has established itself as
an international business with over 70 distributors around the world. Products
made with Symphony's plastic technologies are now available in nearly 100
countries and in many different product applications. Symphony itself is
accredited to ISO9001 and ISO14001.

Symphony is a founder-member of The BPA (www.biodeg.org) and participates in
the Committee work of the British Standards Institute (BSI), the American
Standards organisation (ASTM), the European Standards organisation (CEN), and
the International Standards Organisation (ISO).

Further information on the Group can be found at www.symphonyenvironmental.com
and twitter @SymphonyEnv   See also Symphony on Instagram. A Symphony App is
available for downloading to smartphones.

In addition to NbR, Symphony has the following range of products:

D2W TECHNOLOGY

Symphony has developed a biodegradable plastic technology which addresses the
problem of persistent microplastics, by turning ordinary plastic at the end of
its service-life into a waxy substance which is biodegradable. It is then no
longer a plastic and can be bioassimilated in the open environment in a
similar way to a leaf without leaving microplastics behind. The technology is
branded d2w® and appears as a droplet logo on many thousands of tonnes of
plastic packaging and other plastic products around the world, much of which
has been recycled. In some countries, oxo-biodegradable plastic is mandatory
for short-life plastic products.

D2P TECHNOLOGY

Symphony has also designed a range of masterbatches for making plastics
products, to protect against bacteria, viruses, fungi, insects, rodents,
odours, and fire.  See www.d2p.net (http://www.d2p.net)

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