leadf
logo-loader
viewSymphony Environmental Technologies PLC

Symphony Environmental says Latin American partner launches drinking straws using its technology

Promociones Fantásticas, a Colombian drinking straws producer, has already been using Symphony's technology for three years

Symphony Environmental Technologies PLC - Symphony Environmental says Latin American partner launches drinking straws using its technology

Symphony Environmental Technologies PLC (LON:SYM) said its partner Promociones Fantásticas has launched new biodegradable and antimicrobial drinking straws using the group's technology.

Promociones Fantásticas is a Colombian drinking straws producer, with Symphony's exclusive distributor Latin Pack is the masterbatch supplier. Promociones Fantásticas has been using the d2w technology, which makes plastic to biodegrade quicker, for three years.

WATCH: Symphony Environmental Technologies' calls algae project in France 'significant step forward'

The ‘smarter plastic’ technology developer said its d2p technology, which gives antimicrobial properties to plastic, has been proved effective against bacteria and fungi, a key feature for a product that enters in direct contact with customers' mouths where microbes can easily be transmitted.

Testing by UNICAMP University in Brazil according to ISO 21702 found a virus reduction of 99.9% in only one hour, which is “vital” during the coronavirus pandemic, the AIM-listed company said.

“We are delighted to continue our long-standing and valued relationship with Promociones Fantásticas, and hope that other, environmentally and socially responsible companies around the world will follow their lead in protecting customers and the environment alike,” Symphony Environmental chief executive Michael Laurier said in a statement. 

“We are seeing increased interest for our d2p anti-microbial technologies as a combination with our d2w biodegradable technology in several countries across the globe. Further, the products of these interested manufacturers are of both multi-use, but also single-use items, that historically were more commonly treated with just our d2w biodegradable technology," he added.

Shares added 6% to 23.5p on Friday morning.

--Adds shares--

Quick facts: Symphony Environmental Technologies PLC

Price: 21 GBX

AIM:SYM
Market: AIM
Market Cap: £37.12 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Symphony Environmental Technologies PLC named herein, including the promotion by the Company of Symphony Environmental Technologies PLC in any...

FOR OUR FULL DISCLAIMER CLICK HERE

Symphony Environmental Technologies' calls algae project in France...

Symphony Environmental Technologies's PLC (LON:SYM) Michael Laurier talks to Proactive London's Katie Pilbeam about the completion of a €6m financing by its associate Eranova for its green algae project in France. The money will be used to start of construction in Port St Louis, near...

on 21/10/20

2 min read