Extension of DuPont Agreement to South America

    RNS Number : 3885E
  Plantic Technologies Limited
  26 September 2008
   

    
    26 September 2008


    Plantic Technologies Limited
    DuPont Packaging & Industrial Polymers and Plantic Extend Distribution Agreement to Include South America
    MELBOURNE, Australia and WILMINGTON, Delaware, USA - 26 September 2008 - DuPont Packaging and Industrial Polymers (P&IP) and Plantic
Technologies Limited, manufacturer of starch-based polymers for packaging and other applications, today announced that DuPont P&IP marketing
of Plantic's starch-based sheet materials will henceforward include South America, in addition to  North America and Japan. 

    The plans to incorporate South America follow DuPont P&IP and Plantic's announcement in September 2007 to collaborate in the development
and sale of renewably sourced polymers made from Plantic® technology. Plans encompassed the co-development of renewably sourced resins and
sheet materials for applications including cosmetics, personal care and packaging. It was also agreed DuPont P&IP would market and
distribute Plantic's starch-based sheet materials in North America and injection moulding resins globally, excluding Australia and New
Zealand. In April 2008, this agreement was extended to include Japan for starch-based sheet materials and now incorporates South America for
these materials also. All products are marketed under the DuPont* Biomax® brand. 

     "South America is a very important market for the DuPont* Biomax® suite of products and DuPont is ideally placed to provide Plantic
with market development and distribution in this region", said Shanna Moore, DuPont P&IP global business director for sustainable packaging
materials. "The extension of the DuPont P&IP distribution agreement with Plantic into South America complements the North American strategy
by providing renewably sourced, functional polymers to our customers throughout all of the Americas."  

    Brendan Morris, chief executive officer, Plantic Technologies Limited, commented, "The distribution of Plantic's rigid packaging
products in South America enables Plantic to further benefit from DuPont P&IP's global sales and marketing resources and underlines the
close relationship between the two companies." 

    Plantic's novel polymer manufacturing technology is based on the use of high-amylose corn starch, a material derived from annual
harvesting of specialised non-GM (hybrid) corn. The unique chemical and film-forming properties of this type of starch allow for development
of a range of applications across conventional plastics markets. In addition to being renewably sourced, users can take advantage of
excellent end-of-life properties such as biodegradability and compostability. 

    Plantic has families of patents covering its technologies, formulations and applications. The Company's objective is to commercialise
its plastic technologies across a broad range of applications, with a particular focus on the packaging industry.  Plantic is listed on the
London Stock Exchange (AIM) under the symbol 'PLNT'.  (www.plantic.com.au)

    DuPont - one of the first companies to publicly establish environmental goals 18 years ago - has broadened its sustainability
commitments beyond internal footprint reduction to include market-driven targets for both revenue and research and development investment.
The goals are tied directly to business growth, specifically to the development of safer and environmentally improved new products for key
global markets.

    DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions
essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of
innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
(www.dupont.com)


    ENQUIRIES

    Plantic Technologies Limited
 Brendan Morris, Chief Executive Officer    [phone]
 Fleur Wilkins, Marketing & Communications  [phone]

    DuPont Packaging and Industrial Polymers
 Rosanne Miller  [phone]

    Pelham PR, UK (Plantic)
 Archie Berens  [phone] 
 Candice Sgroi  [phone]


    DuPont* and Biomax® are a trademark and registered trademark of DuPont.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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