Ingevity’s Capa® thermoplastics recognized for providing biodegradable solutions for agricultural and horticultural applications, awarded OK biodegradable SOIL certification
June 23 2023 - 8:00AM
Business Wire
Ingevity Corporation (NYSE:NGVT) today announced its Capa®
polycaprolactone thermoplastic grades obtained the OK biodegradable
SOIL certification by TÜV Austria Bureau of Inspection and
Certification, confirming Capa thermoplastics completely biodegrade
in soil without adversely affecting the environment. The SOIL
distinction is the fifth TÜV Austria OK certification earned by
Ingevity’s Capa thermoplastics products, along with certifications
for WATER and MARINE biodegradability and INDUSTRIAL and HOME
compostability, and highlights the additional benefits the Capa
portfolio offers for agricultural and horticultural products.
When used in applications such as seed coatings, tree shelters,
mulch films, plant-fixing clips, binding yarn and control-release
carrier substances for plant protection additives, Capa
thermoplastics enable agricultural products to completely
biodegrade after use and therefore help prevent the creation of
harmful microplastics. This certification opens up new
opportunities for Ingevity to enter the multi-billion dollar
agricultural and horticultural markets using Capa technology.
“While efforts to reduce, reuse and recycle are paramount to
addressing pollution issues, it is an unfortunate fact that
plastics can find their way into our soil and waterways,” said
Steve Hulme, senior vice president, and president, Advanced Polymer
Technologies. “As evidenced by our growing library of
biodegradability and compostability certifications, Ingevity’s Capa
products offer unique end of life benefits that contribute to a
circular economy and play a key role in supporting global efforts
to protect our environment.”
Ingevity’s portfolio of global certifications that verify the
environmental benefits of Capa bioplastics also includes
Biodegradable Plastics Institute (BPI), Japanese Bioplastics
Association, Seedling and TÜV Austria OK compost INDUSTRIAL, OK
compost HOME and OK biodegradable MARINE and WATER. Learn more
about Ingevity’s bioplastic offerings on the company’s website.
TÜV Austria
TÜV Austria is a globally accredited authorization company
offering independent third-party registration and certification
services against various international ISO standards.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect
and enhance the world around us. Through a team of talented and
experienced people, we develop, manufacture and bring to market
solutions that help customers solve complex problems and make the
world more sustainable. We operate in three reporting segments:
Performance Chemicals, which includes specialty chemicals and
pavement technologies; Advanced Polymer Technologies, which
includes biodegradable plastics and polyurethane materials; and
Performance Materials, which includes activated carbon. Our
products are used in in a variety of demanding applications,
including adhesives, agrochemicals, asphalt paving, bioplastics,
coatings, elastomers, lubricants, pavement markings, publication
inks, oil exploration and production and automotive components that
reduce gasoline vapor emissions. Headquartered in North Charleston,
South Carolina, Ingevity operates from 31 countries around the
world and employs approximately 2,050 people. The company’s common
stock is traded on the New York Stock Exchange (NYSE:NGVT). For
more information visit www.ingevity.com. Follow Ingevity on
LinkedIn.
About Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995. Such
statements generally include the words “will,” “plans,” “intends,”
“targets,” “expects,” “outlook,” “believes,” “anticipates” or
similar expressions. Forward-looking statements may include,
without limitation, expected financial positions, guidance, results
of operations and cash flows; financing plans; business strategies
and expectations; operating plans; impact of COVID-19; capital and
other expenditures; competitive positions; growth opportunities for
existing products; benefits from new technology and cost-reduction
initiatives, plans and objectives; litigation related strategies
and outcomes; markets for securities and expected future
repurchases of shares, including statements about the manner,
amount and timing of repurchases. Actual results could differ
materially from the views expressed. Factors that could cause
actual results to materially differ from those contained in the
forward-looking statements, or that could cause other
forward-looking statements to prove incorrect, include, without
limitation, adverse effects from the COVID-19 pandemic; adverse
effects from general global economic, geopolitical and financial
conditions beyond our control, including inflation and war in
Ukraine; risks related to our international sales and operations;
adverse conditions in the automotive market; competition from
substitute products, new technologies and new or emerging
competitors; worldwide air quality standards; a decrease in
government infrastructure spending; adverse conditions in cyclical
end markets; the limited supply of or lack of access to sufficient
crude tall oil and other raw materials; integration of future
acquisitions; the provision of services by third parties at several
facilities; supply chain disruptions; natural disasters and extreme
weather events; or other unanticipated problems such as labor
difficulties (including work stoppages), equipment failure or
unscheduled maintenance and repair; attracting and retaining key
personnel; dependence on certain large customers; legal actions
associated with our intellectual property rights; protection of our
intellectual property and other proprietary information;
information technology security breaches and other disruptions;
complications with designing or implementing our new enterprise
resource planning system; government policies and regulations,
including, but not limited to, those affecting the environment,
climate change, tax policies, tariffs and the chemicals industry;
and losses due to lawsuits arising out of environmental damage or
personal injuries associated with chemical or other manufacturing
processes, and the other factors detailed from time to time in the
reports we file with the SEC, including those described in Part I,
Item 1A. Risk Factors in our 2022 Annual Report on Form 10-K as
well as in our other filings with the SEC. These forward-looking
statements speak only to management’s beliefs as of the date of
this press release. Ingevity assumes no obligation to provide any
revisions to, or update, any projections and forward-looking
statements contained in this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230623555428/en/
Caroline Monahan 843-740-2068 caroline.monahan@ingevity.com
Investors: John E. Nypaver, Jr. 843-740-2002
investors@ingevity.com
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