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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Major players in the plastic alternative packaging market are Amcor Limited, Tetra Pak, Sealed Air Corporation, Plastic Suppliers Inc. , Kruger Inc. , Mondi, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, and Klabin SA.New York, March 08, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report "Plastic Alternative Packaging Global Market Report 2021: COVID-19 Impact And Recovery" - https://www.reportlinker.com/p06033661/?utm source=GNW The global plastic alternative packaging market is expected to grow from $61.23 billion in 2020 to $71.08 billion in 2021 at a compound annual growth rate (CAGR) of 16.10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $95.04
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.