BAINBRIDGE, Ga./Gorinchem, the Netherlands – Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer”), and TotalEnergies Corbion, both leading bioplastics companies focused on the development and production of biodegradable materials, have entered a long-term collaborative arrangement for the supply of Luminy® PLA, a biobased polymer used to manufacture compostable products. The strategic collaboration is meant to support long-term growth of biopolymer production requiring a blend of polyhydroxyalkanoate (PHA) and Polylactic Acid (PLA) inputs.
As Danimer continues to scale up the commercial production of Nodax®, its signature polyhydroxyalkanoate (PHA), this agreement enhances Danimer’s ability to fulfill customer needs for resins that require a blend of PLA- and PHA-based inputs.
Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer, said, “While growing commercial production of PHA remains the focus of our business, PLA is a part of some compounds that we formulate to meet specific customers’ functionality needs for different applications. Teaming with TotalEnergies Corbion provides an ideal solution to support our long-term growth strategy while ensuring our short-term customer needs remain fulfilled.”
Danimer works with each of its customers to develop customized formulas for biobased resins that meet biodegradability and functionality expectations. Blending various inputs, such as PHA and PLA, enables Danimer to expand the applications of its materials across a number of different industries.
TotalEnergies Corbion is a 50/50 joint venture between TotalEnergies and Corbion, focused on the manufacturing and marketing of Luminy® PLA resins.
Thomas Philipon, Chief Executive Officer of TotalEnergies Corbion, said, “The biopolymers market is experiencing strong growth and customers are requesting innovative solutions tailor-made to their market needs. In today’s dynamic market, strategic arrangements throughout the value chain are key to ensuring security of supply in both product and technology that will allow brand owners and ultimately consumers to be comfortable with selecting bioplastics as a sustainable alternative to traditional plastics.”
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