REG - Symphony Environment - Mexican Technical Standard Validating d2w

Symphony Environmental TechnologiesAnnouncement

09/08/2022 07:00

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RNS Number : 3231V  Symphony Environmental Tech. PLC  09 August 2022

 

9 August 2022

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Group")

MEXICAN GOVERNMENT ISSUES TECHNICAL STANDARD VALIDATING SYMPHONY'S d2w
BIODEGRADABLE TECHNOLOGY

 

 

Symphony Environmental Technologies Plc (AIM: SYM), the global specialist in
biodegradable and anti-microbial technologies which make plastics and rubber
smarter, safer and sustainable, is pleased to report that the Mexican Ministry
for the Economy (Secretaría de Economía) has published a new Mexican
Technical Standard in the Federal Gazette (Diario Oficial de la Federación)
(the "Technical Standard") with positive commercial implications for
Symphony's d2w biodegradable technology (the "Technology") in Mexico and the
Latin America region.

This Technical Standard is similar to ASTM D6954 (a US standard for exposing
and testing plastics that degrade in the environment by a combination of
oxidation and biodegradation) and acknowledges and validates the technology
including Symphony's d2w masterbatch for the accelerated biodegradation of
plastic if it gets into the open environment as litter. Mexico now joins other
countries with a similar standard in Latin America including Peru, Costa Rica,
Ecuador and The Dominican Republic, as well as the UK, France and Sweden in
Europe. Also, the United Arab Emirates and Saudi Arabia in the Middle East,
where compliance with their similar standards are compulsory for a wide range
of plastic products made in or imported into, those countries.

The Technical Standard will come into effect on 29 October 2022 and marks
another positive regulatory outcome in Latin America for Symphony's d2w
biodegradable technology and further vindicates Symphony's long-term
investment in advocacy in Mexico and Latin America, where it continues its
transparent and technically-led engagement with customers and legislators.

Michael Laurier, CEO of Symphony, said: "Mexico is a key market for Symphony,
and we are pleased to see that the Mexican Government has issued the correct
standard for testing and certifying our d2w biodegradable technology. We are
confident that this new Technical Standard will provide plastic packaging
converters and end users with additional reassurance, as they will be using a
technology that is fully compliant with the Mexican Standard for
biodegradation in the open environment.

We also believe that this new Mexican Standard will help create further
momentum for d2w's commercial growth in Mexico and in Latin America and shows
official acceptance of d2w technology, which turns ordinary plastics into
biodegradable materials."

Enquiries

 Symphony Environmental Technologies Plc
 Michael Laurier, CEO                                                  Tel: +44 (0) 20 8207 5900
 Ian Bristow, CFO
 www.symphonyenvironmental.com (http://www.symphonyenvironmental.com)

 Zeus (Nominated Adviser and Joint Broker)
 David Foreman / Kieran Russell / Guy Brinkley (Investment Banking)    Tel: +44 (0) 161 831 1512
 Dominic King / Victoria Ayton (Corporate Broking)                     Tel: +44 (0) 203 829 5000

 Hybridan LLP (Joint Broker)

 Claire Louise Noyce                                                   Tel: +44 (0) 203 764 2341

 

NOTES TO EDITORS:

 

About Symphony Environmental Technologies Plc

www.symphonyenvironmental.com (http://www.symphonyenvironmental.com/)

 

Symphony has developed and continues to develop, a biodegradable plastic
technology which helps tackle the problem of plastic pollution by turning
ordinary plastic at the end of its service-life into biodegradable materials.
It is then no longer a plastic and can be bioassimilated in the open
environment in a similar way to a leaf. The technology is branded d(2)w® 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
before it degraded. In some countries in the Middle East the use of this type
of biodegradable plastic technology is mandatory.

 

Symphony has also developed a range of additives, concentrates and
masterbatches marketed under its d(2)p® ("designed to protect") trademark.
These are synergistic with d2p and can be incorporated in a wide variety of
plastic and non-plastic products so as to give them protection against many
different types of bacteria, viruses, fungi, algae, moulds, and insects, and
against fire. d(2)p products also include odour, moisture and ethylene
adsorbers, as well as other types of food-preserving technologies. The Group
has also launched d(2)p anti-microbial gloves, facemasks, and toothbrushes and
is developing a range of other d(2)p finished products for retail sale.

 

The Group has a diverse and growing customer-base and has established itself
as an international business with 74 distributors around the world. Products
made with Symphony's plastic technologies are now available in nearly 100
countries and in many product applications. Symphony itself is accredited to
ISO9001 and ISO14001.

 

Symphony is a member of the BPA (www.biodeg.org) and actively 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, Facebook, Linkedin
and TikTok. A free Symphony App is available for downloading to smartphones.

 

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