Symphony Environmental Tech. PLC Mexican Technical Standard Validating d2w (3231V)
August 09 2022 - 1:00AM
UK Regulatory
TIDMSYM
RNS Number : 3231V
Symphony Environmental Tech. PLC
09 August 2022
9 August 2022
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony" or the "Group")
MEXICAN GOVERNMENT ISSUES TECHNICAL STANDARD VALIDATING
SYMPHONY'S d2w BIODEGRADABLE TECHNOLOGY
Symphony Environmental Technologies Plc (AIM: SYM), the global
specialist in biodegradable and anti-microbial technologies which
make plastics and rubber smarter, safer and sustainable, is pleased
to report that the Mexican Ministry for the Economy (Secretaría de
Economía) has published a new Mexican Technical Standard in the
Federal Gazette (Diario Oficial de la Federación) (the "Technical
Standard") with positive commercial implications for Symphony's d2w
biodegradable technology (the "Technology") in Mexico and the Latin
America region.
This Technical Standard is similar to ASTM D6954 (a US standard
for exposing and testing plastics that degrade in the environment
by a combination of oxidation and biodegradation) and acknowledges
and validates the technology including Symphony's d2w masterbatch
for the accelerated biodegradation of plastic if it gets into the
open environment as litter. Mexico now joins other countries with a
similar standard in Latin America including Peru, Costa Rica,
Ecuador and The Dominican Republic, as well as the UK, France and
Sweden in Europe. Also, the United Arab Emirates and Saudi Arabia
in the Middle East, where compliance with their similar standards
are compulsory for a wide range of plastic products made in or
imported into, those countries.
The Technical Standard will come into effect on 29 October 2022
and marks another positive regulatory outcome in Latin America for
Symphony's d2w biodegradable technology and further vindicates
Symphony's long-term investment in advocacy in Mexico and Latin
America, where it continues its transparent and technically-led
engagement with customers and legislators.
Michael Laurier, CEO of Symphony, said: "Mexico is a key market
for Symphony, and we are pleased to see that the Mexican Government
has issued the correct standard for testing and certifying our d2w
biodegradable technology. We are confident that this new Technical
Standard will provide plastic packaging converters and end users
with additional reassurance, as they will be using a technology
that is fully compliant with the Mexican Standard for
biodegradation in the open environment.
We also believe that this new Mexican Standard will help create
further momentum for d2w's commercial growth in Mexico and in Latin
America and shows official acceptance of d2w technology, which
turns ordinary plastics into biodegradable materials."
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: +44 (0) 20 8207 5900
Ian Bristow, CFO
www.symphonyenvironmental.com
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Kieran Russell / Guy Brinkley Tel: +44 (0) 161 831 1512
(Investment Banking)
Dominic King / Victoria Ayton (Corporate Broking) Tel: +44 (0) 203 829 5000
Hybridan LLP (Joint Broker)
Claire Louise Noyce Tel: +44 (0) 203 764 2341
NOTES TO EDITORS:
About Symphony Environmental Technologies Plc
www.symphonyenvironmental.com
Symphony has developed and continues to develop, a biodegradable
plastic technology which helps tackle the problem of plastic
pollution by turning ordinary plastic at the end of its
service-life into biodegradable materials. It is then no longer a
plastic and can be bioassimilated in the open environment in a
similar way to a leaf. The technology is branded d(2) w(R) and
appears as a droplet logo on many thousands of tonnes of plastic
packaging and other plastic products around the world, much of
which has been recycled before it degraded. In some countries in
the Middle East the use of this type of biodegradable plastic
technology is mandatory.
Symphony has also developed a range of additives, concentrates
and masterbatches marketed under its d(2) p(R) ("designed to
protect") trademark. These are synergistic with d2p and can be
incorporated in a wide variety of plastic and non-plastic products
so as to give them protection against many different types of
bacteria, viruses, fungi, algae, moulds, and insects, and against
fire. d(2) p products also include odour, moisture and ethylene
adsorbers, as well as other types of food-preserving technologies.
The Group has also launched d(2) p anti-microbial gloves,
facemasks, and toothbrushes and is developing a range of other d(2)
p finished products for retail sale.
The Group has a diverse and growing customer-base and has
established itself as an international business with 74
distributors around the world. Products made with Symphony's
plastic technologies are now available in nearly 100 countries and
in many product applications. Symphony itself is accredited to
ISO9001 and ISO14001.
Symphony is a member of the BPA (www.biodeg.org) and actively
participates in the Committee work of the British Standards
Institute (BSI), the American Standards Organisation (ASTM), the
European Standards Organisation (CEN), and the International
Standards Organisation (ISO).
Further information on the Group can be found at
www.symphonyenvironmental.com and Twitter @SymphonyEnv. See also
Symphony on Instagram, Facebook, Linkedin and TikTok. A free
Symphony App is available for downloading to smartphones.
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