Following information released in response to a FOIA request, the investment management firm said that Danimer’s production figures, pricing, and financial projections simply do not add up.
Suited for use in electronics and healthcare products, Sabic’s bio-based LNP Thermocomp DC0041PE-7M1D145W reportedly exhibits the same properties as the incumbent compound.
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.
When completed in the first half of 2022, the plant will represent the biggest integrated bio-factory in the world dedicated to high-performance polymers, said Arkema.
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.