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Avantium issued two new press releases this month touting advances in biomaterials that will reduce greenhouse-gas emissions. But the company, founded in 2000, has yet to achieve commercial-scale success.
Spruce Point Capital Management is urging investors to hold Danimer Scientific accountable for peddling an inconsistent story involving its biodegradable polymer technology that “will likely fail to deliver on its promises.”
The objective of the partnership is to rapidly develop and industrialize new products based on Origin Materials’ technology platform, which will be in high demand as OEMs seek to decarbonize their supply chains, said the companies.
The report from activist organization As You Sow argues that a global transition to a true circular economy model is the only path to salvation. The American Chemistry Council pleads for more nuance in the debate.
The successful conclusion of the five-year study confirms that oxo-biodegradable plastic, as distinct from oxo-degradable plastic, properly biodegrades in the open environment and is not toxic, said the company.