Danimer Scientific Completes Debottlenecking of Kentucky Facility to Upscale Production of Biodegradable Materials
June 22 2021 - 8:00AM
Business Wire
Optimized processes and equipment will enable
output of 20 million pounds of finished product annually to meet
global demand for polyhydroxyalkanoate (PHA), a biodegradable
alternative to petrochemical plastic
Danimer Scientific (NYSE: DNMR), a leading developer and
manufacturer of biodegradable materials, today announced the
successful completion of debottlenecking initiatives within its
Winchester, Ky., manufacturing facility. The achievement positions
the company to accelerate production of Nodax®, its signature
polyhydroxyalkanoate (PHA), towards its expectation of reaching
100% of the facility’s current annual run rate capacity of 20
million pounds of Nodax®- based resins by the end of 2021.
“As expected, we have completed our debottlenecking initiatives
on time, which will enable us to significantly scale up production
from previous levels,” said Danimer Scientific CEO Stephen
Croskrey. “After taking steps to optimize our processes and
equipment, the facility was brought back online in late May, and we
used early June to confirm that both fermentation and downstream
processing of our material is running at the projected levels,
which are higher than before these initiatives. We look forward to
delivering the high volumes of PHA our partners and customers need
to create products that will help reduce the environmental impacts
of plastics waste.”
Unlike petrochemical-based plastics, Nodax® is a PHA produced
through natural fermentation processes using plant oil from crops
such as canola. The material 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. It can be used in a wide range of applications from
drinking straws and flexible packaging to disposable cups and
cutlery.
“With our Winchester facility primed to reach the height of its
current capacity, we can further focus on expanding the facility
over the next year,” said Danimer Scientific COO Michael Smith. “As
previously noted, the second phase of our construction process is
ongoing, and we continue to expect the expansion to come online in
the second quarter of 2022. We look forward to continuing our work
to deliver sustainable solutions for the world’s plastic waste
crisis.”
For more information on Danimer Scientific, please visit:
www.DanimerScientific.com.
About Danimer Scientific
Danimer Scientific is a pioneer in creating more sustainable,
more natural ways to make plastic products. For more than a decade,
the company’s renewable and sustainable biopolymers have helped
create plastic products that are biodegradable and compostable.
They return to nature instead of polluting the environment. Danimer
Scientific’s technology can be found in a vast array of plastic end
products that people use every day. Applications for Danimer
Scientific’s biopolymers include additives, aqueous coatings,
fibers, filaments, films, hot-melt adhesives, and injection-molded
articles, among others. The company 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.
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
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements 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 release include,
but are not limited to, 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 government actions and restrictive
measures implemented in response; stability of the Company’s
manufacturing facilities and suppliers, as well as consumer demand
for our products, in light of disease epidemics and health-related
concerns such as the COVID-19 global pandemic; the impact that
global climate change trends may have on the Company and its
suppliers and customers; the Company's ability to protect patents,
trademarks and other intellectual property rights; any breaches of,
or interruptions in, our information systems; the ability of our
information technology systems or information security systems to
operate effectively, including as a result of security breaches,
viruses, hackers, malware, natural disasters, vendor business
interruptions or other causes; our ability to properly maintain,
protect, repair or upgrade our information technology systems or
information security systems, or problems with our transitioning to
upgraded or replacement systems; the impact of adverse publicity
about the Company and/or its brands, including without limitation,
through social media or in connection with brand damaging events
and/or public perception; fluctuations in the price, availability
and 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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Investors ir@danimer.com Phone: 229-220-1103 Media
Danimer Scientific Anthony Popiel
apopiel@daltonagency.com Phone: 404-876-1309
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