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[philjeans] 25/9/2018 08:15

Another great deal!

25 September 2018
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
New distributor launch held in Jordan attended by a director from the Ministry for the Environment
Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in products and technologies that "make plastic smarter", is pleased to announce the launch of a new distributor in Jordan, EVA Plastic Industries ("EVA").
EVA is an affiliated company to the Sughayer Group, who specialise in supplying raw materials and additives to the plastics industry in Jordan, Iraq, the Palestinian Authority and Ethiopia.
EVA are licensed to supply d(2) w oxo-biodegradable masterbatches in Jordan, and join Symphony's network of distributors in Saudi Arabia, UAE, Oman, Lebanon and Egypt, strengthening Symphony's presence in the Middle East.
Michael Laurier, CEO of Symphony Environmental said:
"Symphony's oxo-biodegradable plastic technology aligns with the priorities of the Jordanian government for green economic growth and their circular-economy principles. As such, we are delighted to announce that we are now working with our new distributor, EVA, to deliver our technology on the ground in Jordan.
"Oxo-biodegradable plastic can be recycled if collected, but if it ends up in the open environment as litter it will degrade much more quickly than ordinary plastic, and will then biodegrade i.e. become a food source for bacteria and fungi who recycle it back into nature."
Symphony's CEO attended the EVA launch that was held on 23 September 2018 and supported by of Dr Mohammed Khashashneh, a director from the Ministry of Environment, who represented Mr Nayef Al Fayez, the Minister for the Environment. Under the Minister's patronage, Jordan has made waste-management and protection of the marine environment a national priority, passing legislation to ensure that single-use plastic bags are made with oxo-biodegradable technology. EVA believe that this legislation should be extended in a similar way to legislation in Saudi Arabia to include other plastic products such as shrink-wrap, pallet-wrap and drinking straws.
At the EVA launch, Dr Mohammed Khashashneh explained that Jordan creates more than 2 million tons of waste, of which 17.5% is plastic. During his speech he confirmed that the Government will be upgrading the enforcement program on plastics and upgrading the qualification of additive suppliers. The event was attended by CEOs from some of the largest plastic producers in Jordan and beyond.
12 countries including Jordan now have a law requiring plastics to be oxo-biodegradable. Countries of the Middle East are leading the way in dealing with plastic waste which has escaped into the open environment and cannot realistically be collected for recycling (which European countries and the US are more focused). The countries of the Middle East do not want to ban plastic, which is essential for everyday living, but they do not want to leave it as a problem for future generations.
Enquiries

Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: [phone]
5900
Ian Bristow, CFO
www.symphonyenvironmental.com

Cantor Fitzgerald Europe (Nominated Adviser
and Broker)
David Foreman, Richard Salmond, Michael Tel: [phone]
Boot 7000
(Corporate Finance)
Caspar Shand Kydd (Sales)

FTI Consulting (Financial PR)
Daniel Hamilton Tel: [phone]
456720

[swiss paul] 24/9/2018 20:44

mwaaaahhh - you been drinking loopy juice (through a straw)

[jailbird] 21/9/2018 05:21

There is clearly a growing market for SYM's technology in products I am sure the next set of results will be a very good read

[jailbird] 20/9/2018 21:48

Chaps Just been reading about alternatives ..You are right , there are alternatives Paper straws are more expensive though and also found this online .As for how long the paper straws last after being inserted into liquid, it depends on the beverage and temperature."It should hold for about the time for you to [finish the] drink, It's going to become a little soggy, but you can still drink from it. It's like any alternative. It's not perfect but it does the trick.Best solution is not too use straws one at all

[robertnash2] 20/9/2018 20:49

jailbird I spend a lot of time in California I can assure you that plastic straws whether degradable or not are no longer acceptable. SET must realise that d2w will not solve the problem despite what is put across by their CEO.

[spawny100] 20/9/2018 20:04

Um jailbird I'm guessing you are probably too young to realise that nearly ALL straws used to be paper? Certainly were when I was a lad

[robertnash2] 20/9/2018 15:02

jailbird quote from Wikipedia - A drinking straw or drinking tube is a small pipe that allows its user to more conveniently consume a beverage. A thin tube of paper, plastic (such as polypropylene and polystyrene.

[jailbird] 20/9/2018 11:40

Trying rolling an A4 paper into a straw and drink a bottle of water from it

[robertnash2] 20/9/2018 11:23

Optimistic punter all straws should be made from paper end of. Producing straws with any degradable additive is unrealistic as one has to think about shelf life.

[optimistic punter] 20/9/2018 11:14

Trinko, it's an article about plastic straws with a comment from Michael Laurier

[jailbird] 20/9/2018 10:41

Bought back first thing this morning

My article was more highlighting or trying to understand whether SYM's is selling in the UK and if not why not?

[trinko] 19/9/2018 08:24

optimistic Cann't open it what thus it say Thanks Trinko

[optimistic punter] 17/9/2018 21:26

https://www-washingtonpost-com.cdn.ampproject.org/c/s/www.washingtonpost.com/amphtml/lifestyle/food/the-last-straw-moving-past-disposable-plastic-spurs-companies-to-innovate/2018/09/11/f5709516-b5fd-11e8-a2c5-3187f427e253_story.html

[mattjos] 15/9/2018 15:14

What's going on in the uk with plastic is virtually an irrelevance to SYM .. why can't folk read the accounts and see source of revs?

[jailbird] 15/9/2018 14:31

Waitrose to remove all plastic bags by spring 2019New plastic bottle biodegrades in 3 weeks

[philjeans] 14/9/2018 09:05

Nice little business - right place right time. Selling well abroad. Profitable. Cash rich.

Share price pummelled on negative press.


Excellent recovery prospects here now.

[beeks of arabia] 11/9/2018 15:12

Ah well. You can't say people weren't warned.

[buywell3] 05/9/2018 13:47

buywell321 Jul '18 - 11:10 - 5666 of 5702


Chartwise 10p might get tested on any more negative OXO technology news re fragmentation

Like another EU country banning it

[zcaprd7] 05/9/2018 12:21

Not supposed to look into the camera... Have you seen interviews on TV? You look at the interviewer!

[costax1654x] 30/8/2018 12:02

BigDish just announced 2 deals on Twitter!More news to come on 9th September!Buy now..is cheap!Possible a 10 bagger in 1-2 yr

[alotto] 30/8/2018 11:41

The question is how much the business can grow outside the EU. The technology approval appears to be slow in the EU and I would consider the European market as a big bonus. For the short/medium term holding I would be evaluating the market outside the EU.

[robertnash2] 22/8/2018 16:53

Unfortunately the same old story, such a shame that after 20 years of Bla Bla nothing has changed.

[volsung] 22/8/2018 12:07

Dead in the water?

[swiss paul] 21/8/2018 20:23

someone needs to go on a PR course and do some more time in front of a camera - comes across as looking shifty - does not look into the camera. Look at the presenter and compare and contrast - just saying like!

[tektonik] 21/8/2018 12:54

Thanks for sharing that video optimistic - extremely informative and clarifies a hell of a lot - not that it really needed clarifying in the first place. It's incredibly embarrassing for a large number of orgs and bodies such as the BBC and EU to be unable to comprehend what the product does, where it's used best. Both have demonstrated rife incompetence in their journalism and legislation to distinguish between bio oxo degradable and oxo degradable products. Truly alarming really. Not currently invested but seems like a good entry point to me based on fundamentals and proven success everywhere but Europe.