EarthFirst Films by PSI Produces First PHA Home Compostable Packaging Film
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COLUMBUS, Ohio, May 20, 2021 /PRNewswire/ EarthFirst Films by PSI, a global bioplastic film technology and manufacturing company, announces the successful completion of the first commercial run of PHA (Polyhydroxyalkanoate) home compostable packaging film.
Although the PHA materials have been certified, the film will go through biodegradation and home compostability screening prior to full certification. Made from Danimer Scientific s (NYSE: DNMR) NODAX® PHA, the new film is designed for a wide range of applications across food, beverage, grocery retail, quick service restaurant, stadium foodservice, and many other consumer packaged goods (CPG) and industrial segments.
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Image: Danimer Scientific By merging with a special purpose acquisition company (SPAC) to go public, Danimer Scientific gains accelerated access to the capital it needs to increase production of its signature polymer, Nodax PHA.
Meredian Holdings Group Inc., doing business as bioplastics company Danimer Scientific, and Danimer Scientific Inc., formerly known as Live Oak Acquisition Corp., announced on Dec. 29 that they have completed their previously announced business combination. The transaction was unanimously approved by the board of directors of Live Oak and at a special meeting of Live Oak stockholders on Dec. 28. Live Oak changed its name to Danimer Scientific Inc. and began trading under the ticker symbol DNMR on the New York Stock Exchange on Dec. 30. Danimer is focused on the development and production of biodegradable materials.
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Meredian Holdings Group, Inc., doing business as Danimer Scientific (“Legacy Danimer”), a next generation bioplastics company focused on the development and production of biodegradable materials, and Danimer Scientific, Inc. (f/k/a Live Oak Acquisition Corp. (“Live Oak”)) announced today that they have completed their previously announced business combination. The transaction was unanimously approved by the board of directors of Live Oak and was approved at a special meeting of Live Oak stockholders on December 28, 2020. In connection with the closing, Live Oak changed its name to Danimer Scientific, Inc. (“Danimer Scientific” or the “Company”). The common stock of Danimer Scientific will trade under the ticker symbol “DNMR” on the New York Stock Exchange beginning December 30, 2020.