BURLINGTON, ON, May 9, 2017 /CNW/ - EcoSynthetix Inc. (TSX: ECO)
("EcoSynthetix" or the "Company"), a renewable chemicals company
that produces a portfolio of commercially proven bio-based
products, today announced that it has secured a commercial contract
with Stora Enso for the Company's EcoSphere® biolatex® binder,
which targets the paper and paperboard market. Stora Enso is a
leading global provider of renewable solutions in packaging,
biomaterials, wood and paper in global markets. The contract
relates to the use of EcoSphere for packaging board formulations at
one of Stora Enso's major European mills.
"Our belief is that everything that is made with fossil-based
materials today can be made from a tree tomorrow," said Karl-Henrik
Sundström, CEO of Stora Enso. "EcoSynthetix' technology is ideally
suited to this objective as we transition to a global renewable
materials growth company. EcoSphere provides us value and
performance as a bio-based binder for our fibre-based packaging
applications."
"It's a great opportunity and proof point to have EcoSphere
adopted by a global packaging and sustainability leader like Stora
Enso," said Jeff MacDonald, CEO of
EcoSynthetix. "This win demonstrates the capability of EcoSphere to
provide packaging manufacturers with an innovative and
cost-effective option to deliver on their sustainability
commitments. For Stora Enso, we believe this enables them to offer
some of the world's largest consumer packaged goods companies a
packaging product with the highest possible renewable content and
significantly reduced volatile organic compounds ("VOCs"). As a
global manufacturer of a diverse product line, we look forward to
building on this initial relationship with Stora Enso."
EcoSphere is a biolatex polymer derived from corn that is
transformed using EcoSynthetix' proprietary extrusion process to
form a binder for paper and paperboard applications. In addition to
increasing renewable content and improving economics, EcoSphere
helps to minimize VOCs in sensitive consumer products by reducing
or eliminating the styrene-based coatings typically used in these
products and improving retention of solvents to minimize their
impact. EcoSphere is a bio-based coating derived from
natural, renewable sources. It is fully recyclable and
biodegradeable.
About EcoSynthetix Inc.
(www.ecosynthetix.com)
EcoSynthetix offers a
range of sustainable engineered biopolymers that allow customers to
reduce their use of harmful materials, such as formaldehyde and
styrene-based chemicals. The Company's flagship products, DuraBind™
and EcoSphere®, are used to manufacture wood composites, paper and
packaging, and enable performance improvements, economic benefits
and sustainability. The Company is publicly traded on the Toronto
Stock Exchange (T:ECO).
SOURCE EcoSynthetix Inc.