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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.

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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.

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Price: 21 GBX

Market: AIM
Market Cap: £37.12 m

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