Biome Technologies PLC Update on biodegradable tree shelter project
January 13 2021 - 01:00AM
RNS Non-Regulatory
TIDMBIOM
Biome Technologies PLC
13 January 2021
REACH
13 January 2021
Biome Technologies plc
("Biome", the "Group" or the "Company")
Biome successfully completes feasibility phase of biodegradable
tree shelter project
Biome's Bioplastics division ( www.biomebioplastics.com )
announces the successful completion of its three-month feasibility
project to develop and test a new generation of biodegradable tree
shelters to be manufactured from the Company's bioplastics.
Tree shelters protect young trees and bushes from predation by
animals. They are a well-proven and economic route to limiting
losses in the first five years of a tree's life. Traditionally made
from oil-based and non-biodegradable plastics, the majority of such
shelters are never collected and eventually litter the environment
with microplastics.
In the UK, around 45 million trees are planted each year, most
of those using non-biodegradable tree shelters for protection, with
an estimated 2,500 tons of persistent plastics ending up annually
in the natural environment after use. Plans to significantly
increase tree planting as part of the UK's drive to mitigate
climate change will exacerbate these problems.
The initial feasibility project has allowed the Company to
explore the performance of a variety of bioplastic materials in
this application and culminated in the manufacture of prototypes at
Biome's customer's premises.
The polymers that Biome are using in this project are bio-based
and biodegradable. Some are novel and represent some of the results
of over six years and GBP6.5 million of directed investment in
research collaboration between Biome and a number of the UK's
leading universities. The development of biodegradable tree
shelters is the first potential commercial application arising from
this collaborative group's endeavours. The polymers used in this
particular project are partly based on furandicarboxylic acid
(FDCA) monomeric building blocks. More information regarding the
processes for the formation of FDCA can be found on the Company's
website, https://biomebioplastics.com/industrial-biotechnology/
.
This feasibility project was supported by a funding contract
between Biome and the UK Government's agency, Innovate UK, as part
of the Sustainable Innovation Fund (SBRI Phase 1). The Company has
tendered for a further contract under SBRI Phase 2 with a view to
starting large-scale field trials of novel biodegradable tree
shelters during 2021.
To provide investors with more details on the scientific
approach to this project and its future path to prospective
commercialisation, the Company has commissioned a short explanatory
video that can be viewed here: https://vimeo.com/494238613 .
-Ends-
For further information please contact: Biome Technologies
plc
Paul Mines, Chief Executive Officer
Donna Simpson-Strange, Company Secretary
info@biometechnologiesplc.co.uk
Tel: +44 (0) 2380 867 100
www.biometechnologiesplc.com
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser)
Kelly Gardiner (Sales and Corporate Broking)
Tel: +44 (0) 20 3328 5656
www.allenbycapital.com
About Biome
Biome Technologies plc is an AIM listed, growth-orientated,
commercially driven technology group. Our strategy is founded on
building market-leading positions based on patented technology and
serving international customers in valuable market sectors. We have
chosen to do this by developing products in application areas where
the value-added pricing can be justified and are not reliant on
government legislation. These products are driven by customer
requirements and are compatible with existing manufacturing
processes. They are market rather than technology-led.
The Group comprises two divisions, Biome Bioplastics Limited and
Stanelco RF Technologies Limited.
Biome Bioplastics is a leading developer of highly-functional,
bio-based and biodegradable plastics. The company's mission is to
produce bioplastics that challenge the dominance of oil-based
polymers.
Stanelco RF Technologies designs, builds and services advanced
radio frequency (RF) systems. Dielectric and induction heating
products are at the core of a product offering that ranges from
portable sealing devices to large furnaces for the fibre optics
markets.
www.biometechnologiesplc.com
www.biomebioplastics.com and www.thinkbioplastic.com
www.stanelcorftechnologies.com
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