![]() ![]() In addition to it, issuance of convertible bonds may dilute its stock in some circumstances. Shares of DNMR perform poorly since the beginning of 2021, which is primarily attributable to the operating loss. ![]() ![]() The only competitor with significant production volumes is Japanese Kaneka, but its capacity is twice as small as that of Danimer. Danimer cooperates with famous FMCG companies (like Nestle, Bacardi and MARS) and packaging manufacturers (like Wincup and GenPak). The latter benefit comes from the fact that, unlike PLA or other starch-based bioplastics, PHA doesn’t require high temperatures for decomposition, and it can be decomposed in both water and soil. Advantages of PHA include decomposition within 12-18 weeks and cost-effective production. Excluding PET, which is successfully recycled, the PHA market is estimated at 50% of plastic consumption and 6% for PLA. PHA can replace polyethylene, propylene, polystyrene and polyethylene terephthalate (PE, PP PS, and PET, respectively), whereas PLA can replace PS and PET. Initially, the company bought the technology from Procter & Gamble ( PG ) in 2007 that implied an agreement to pay $0.025–0.05 for every pound of PHA sold until September 2027. The company owns 70 patents in 20 countries, 23 of which relate to its own production of PHA with expiration in 2022-2039. Company also manufactures bioplastics from pre-purchased PLA (polylactic acid) obtained from renewable resources. It is the largest manufacturer of bioplastics from PHA (polyhydroxyalkanoate, branded as Nodax) that is produced using canola oil. Daniel Grizelj/DigitalVision via Getty Imagesĭanimer Scientific ( NYSE: DNMR) is a US biotechnological company which focuses on production of biodegradable plastics. ![]()
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