Engaging Nearly 100 Organizations, The U.S.
Plastics Pact Roadmap Outlines Specific Actions and
Responsibilities to Realize a Circular Economy for Plastics in
America
Danimer Scientific (NYSE: DNMR), a leading next generation
bioplastics company focused on the development and production of
biodegradable materials, today helped launch The U.S. Plastics
Pact's (“U.S. Pact”) “Roadmap to 2025,” an aggressive national
strategy illustrating how the U.S. Pact, Danimer Scientific and
fellow signatories, known as Activators, will seek to achieve each
of the U.S. Pact’s four 2025 targets through specific actions,
responsibilities, and interim timeframes to realize a circular
economy for plastics in the United States by 2025.
Launched in August 2020, The U.S. Plastics Pact is a consortium
led by The Recycling Partnership and World Wildlife Fund (WWF) as
part of the Ellen MacArthur Foundation’s global Plastics Pact
network, which unites a holistic ecosystem of cross-industry
stakeholders behind a common vision and national strategy to
address plastic waste at its source by 2025.
“Reducing the environmental impact of plastic waste is one of
the most critical issues facing the world, and it will take a
collaborative, industry-wide effort to achieve success,” said
Stephen Croskrey, CEO, Danimer Scientific. “We are proud to
work alongside our fellow material developers and packaging
manufacturers to fast-track solutions for addressing this
crisis.”
As an Activator of the U.S. Pact, Danimer Scientific joins other
stakeholders across the plastics value chain in its expectation of
achieving systemic change and accelerating progress toward the
following 2025 targets by inspiring and supporting upstream
innovation through coordinated initiatives such as rethinking
products, packaging, and business models in order to transition
away from today’s take-make-waste model to a circular economy where
plastics never become waste:
- Define a list of packaging to be designated as problematic or
unnecessary by 2021 and take measures to eliminate them by
2025.
- 100% of plastic packaging will be reusable, recyclable, or
compostable by 2025.
- By 2025, undertake ambitious actions to effectively recycle or
compost 50% of plastic packaging.
- By 2025, the average recycled content or responsibly sourced
bio-based content in plastic packaging will be 30%.
Danimer Scientific is currently working with industry partners
and customers to develop and supply alternative packaging materials
that are bio-based and biodegradable. The company’s signature
Nodax® material is a polyhydroxyalkanoate (PHA). Nodax® is produced
through natural fermentation processes using plant oil from crops
such as canola. Nodax® is certified to degrade in a variety of
environments at the end of its lifecycle, including industrial
composting facilities, backyard compost units, and soil and marine
environments.
The U.S. Pact’s Roadmap is designed to kick-start action and
help U.S. industry leaders and packaging producers develop a
national strategy, advance shared goals, and measure the strength
of progress through annual reporting. This national strategy will
assist Pact Activators in its expectation of reaching ambitious
goals by 2025 that they could not otherwise meet on their own
through sharing knowledge, optimizing investments, identifying
gaps, overcoming systemic barriers, and implementing policies.
“The current state of U.S. infrastructure, coupled with the lack
of incentives to utilize recycled content in plastic packaging,
have put immense strain on the value chain,” said Emily Tipaldo,
Executive Director, The U.S. Plastics Pact. “The Roadmap is
designed to help U.S. industry leaders act on the significant,
systemwide change needed to realize a circular economy for plastics
by 2025. The timeframe is short, and the workload is immense, but
if we choose to do nothing, the visions of a circular economy
across the U.S. will give way to the status quo. We look forward to
working with all our Activators to drive this critical change.”
The Roadmap holds Danimer Scientific and other Activators of the
U.S. Pact accountable to sustainability objectives by creating the
pathway in which companies, governments, and NGOs can successfully
ensure that plastics remain in the U.S. economy and out of the
environment for years to come.
For more information on the U.S. Pact’s full Roadmap, please
visit www.usplasticspact.org/roadmap.
About Danimer Scientific
Danimer is a pioneer in creating more sustainable, more natural
ways to make plastic products. For more than a decade, its
renewable and sustainable biopolymers have helped create plastic
products that are biodegradable and compostable and return to
nature instead of polluting our lands and waters. Danimer’s
technology can be found in a vast array of plastic end products
that people use every day. Applications for its biopolymers include
additives, aqueous coatings, fibers, filaments, films and
injection-molded articles, among others. Danimer now holds more
than 150 granted patents and pending patent applications in more
than 20 countries for a range of manufacturing processes and
biopolymer formulations. For more information, visit
www.DanimerScientific.com.
About The Recycling Partnership
The Recycling Partnership is the action agent transforming the
U.S. residential recycling system for good. Our team operates at
every level of the recycling value chain and works on the ground
with thousands of communities to transform underperforming
recycling programs and tackle circular economy challenges. As the
leading organization in the country that engages the full recycling
supply chain, from working with companies to make their packaging
more circular and help them meet climate and sustainability goals,
to working with government to develop policy solutions to address
the systemic needs of the U.S. recycling system, The Recycling
Partnership positively impacts recycling at every step in the
process. Since 2014, the nonprofit change agent diverted 375
million pounds of new recyclables from landfills, saved 968 million
gallons of water, avoided more than 420,000 metric tons of
greenhouse gases, and drove significant reductions in targeted
contamination rates. Learn more at recyclingpartnership.org.
About World Wildlife Fund (WWF)
WWF is one of the world’s leading conservation organizations,
working in nearly 100 countries for over half a century to help
people and nature thrive. With the support of more than 5 million
members worldwide, WWF is dedicated to delivering science-based
solutions to preserve the diversity and abundance of life on Earth,
halt the degradation of the environment and combat the climate
crisis. Visit www.worldwildlife.org learn more and keep up with the
latest sustainability news by following @WWFBetterBiz on Twitter
and signing up for our newsletter and news alerts here.
About the Ellen MacArthur Foundation’s global Plastics Pact
Network
Since 2016, the Ellen MacArthur Foundation’s New Plastics
Economy initiative has rallied businesses and governments behind a
positive vision of a circular economy for plastic. Its 2016 and
2017 New Plastics Economy reports captured worldwide headlines,
revealing the financial and environmental costs of waste plastic
and pollution.
The Ellen MacArthur Foundation’s Plastics Pact Network is a
globally aligned response to plastic waste and pollution, which
enables vital knowledge sharing and coordinated action. It is a
network of national and regional (multi-country) initiatives which
brings together key stakeholders to implement solutions towards a
circular economy for plastic, tailored to each geography. Each
initiative is led by a local organisation and unites businesses,
government institutions, NGOs and citizens behind a common vision,
with an ambitious set of local targets.
Further information: emf.org/plastics-pact |
@circulareconomy
Forward-Looking Statements
Please note that in this press release we may use words such as
“appears,” “anticipates,” “believes,” “plans,” “expects,”
“intends,” “future,” and similar expressions which constitute
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Forward-looking statements, including statements regarding the
expected impact of the restatement of the Company’s financial
statements on our 2020 financial results, are made based on our
expectations and beliefs concerning future events impacting the
Company and therefore involve a number of risks and uncertainties.
We caution that forward-looking statements are not guarantees and
that actual results could differ materially from those expressed or
implied in the forward-looking statements. Potential risks and
uncertainties that could cause the actual results of operations or
financial condition of the Company to differ materially from those
expressed or implied by forward-looking statements in this press
release include, but are not limited to, the completion of the
audit of the Company’s restated financial statements, the overall
level of consumer demand on our products; general economic
conditions and other factors affecting consumer confidence,
preferences, and behavior; disruption and volatility in the global
currency, capital, and credit markets; the financial strength of
the Company's customers; the Company's ability to implement its
business strategy, including, but not limited to, its ability to
expand its production facilities and plants to meet customer demand
for its products and the timing thereof; risks relating to the
uncertainty of the projected financial information with respect to
the Company; the ability of the Company to execute and integrate
acquisitions; changes in governmental regulation, legislation or
public opinion relating to our products; the Company’s exposure to
product liability or product warranty claims and other loss
contingencies; disruptions and other impacts to the Company’s
business, as a result of the COVID-19 global pandemic and
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suppliers, as well as consumer demand for our products, in light of
disease epidemics and health-related concerns such as the COVID-19
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ability to protect patents, trademarks and other intellectual
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quality of raw materials and contracted products as well as foreign
currency fluctuations; our ability to utilize potential net
operating loss carryforwards; and changes in tax laws and
liabilities, tariffs, legal, regulatory, political and economic
risks. More information on potential factors that could affect the
Company's financial results is included from time to time in the
Company's public reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
All forward-looking statements included in this press release are
based upon information available to the Company as of the date of
this press release, and speak only as of the date hereof. We assume
no obligation to update any forward-looking statements to reflect
events or circumstances after the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210615005875/en/
Samantha Kappalman The Recycling Partnership
Skappalman@recyclingpartnership.org
Danimer Scientific Investors
ir@danimer.com Phone: 229-220-1103
Media Anthony Popiel apopiel@daltonagency.com Phone:
404-876-1309
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