Symphony Environmental T... Share Discussion Threads

[optimistic punter] 13/2/2020 08:11

Robertnash2, sadly you're right, the market doesn't agree, not yet anyway. Hopefully that will change soon. I'm pleased to hear that there is competition out there too. I believe that world sentiment will change and more companies going down this route seems to imply that this is the answer. That in turn means a quicker acceptance so we can all live in a planet with little or no plastic waste. From an investors point of view, the market is so huge that competition can only be a good thing, particularly if everyone is trying to put the same message across.

[robertnash2] 12/2/2020 17:35

Optimistic Punter I don't believe the Market agrees with your sentiments. SET Plc have no unique products so the competition is great. Oxo-Biodegradable masterbatch is now produced locally in the UAE. Wells Plastics unlike SET Plc produce their own additives.

[optimistic punter] 12/2/2020 08:23

Subject: Surge in plastics production defies environmental backlashhttps://on.ft.com/31KmbzEIt should all be treated with d2w biodegradable plastic technologyWhen will the world wake up and realise that there is a solution.

[optimistic punter] 03/2/2020 10:27

I know. it's been a very long road. Still very hopeful that things will happen here soon.

[jailbird] 03/2/2020 09:43

OP,We have been here before to be honest .Investors are speculating of potential uses of SYM technology .. Co is struggling to penetrate other markets Only thing interests me is the recent investment by Vincel

[optimistic punter] 03/2/2020 09:27

On another note, I believe they produce anti microbial face masks which in light of the Corona virus might be interesting. Just found this on the website which has lots more detail than I remember. AntimicrobialA family of additives offering cost-effective protection for plastic products and surfaces against contamination, staining, discoloration and odour caused by bacteria and fungi.Almost anything made of plastic, or with a plastic coating could have d2p included at manufacture at little or no extra cost, to reduce bacterial and fungal contamination, whilst preserving the aesthetic and functional properties.

[optimistic punter] 03/2/2020 09:21

https://www.symphonyenvironmental.com/resource/d2w-animation-short-version/

[optimistic punter] 03/2/2020 09:11

https://m.youtube.com/watch?v=pXGdYFJl4ts

[optimistic punter] 03/2/2020 09:11

https://www.symphonyenvironmental.com/There's lots of good info on the site. It's well worth checking out

[jailbird] 31/1/2020 19:52

Typos Will Microplastics be in the air or in our soil I mean for gawds sake if this is the answer to our plastic problem why are the so many resisting it Is really money and politics ?

[jailbird] 31/1/2020 19:49

I am still not sure about the technology hereDoes D2w completely destroy the plastics ? I mean will it just break down to microplastics which cannot be seen by the human eye .How can eliminate all the different plastic compositions that are made today .The fear is microplastics could still be in the seas, hence still be in the fish we eat.McWilliams in be in the air or in our soul .Or does just speed up the process it take for plastic to breakdown as it does today but it takes decades for it to be happen

[robertnash2] 31/1/2020 18:31

10 years ago Symphony Energy in association with Imperial College London were discussing using tyre crumb for roads. Had this project moved forward SET Plc's share price would be of value.

[swiss paul] 23/1/2020 13:30

Normally they would put an RNS out on this - But money must be a bit tight! His Bonus must be looking a bit tight

hxxps://www.circularonline.co.uk/opinions/why-supermarkets-should-not-cave-to-plastiphobia/

Michael Laurier, CEO of Symphony Environmental Technologies, says supermarkets in the UK and around the world should not abandon plastic in favour of “suboptimal alternatives”.

The Report mentions that retailers and brands are hesitant about replacing conventional plastic with bio-based and compostable material for packaging, citing cost concerns (compostable plastic costs four times as much as ordinary plastics). They also need to be aware that it converts into CO2, not compost, and that it cannot be recycled.

[optimistic punter] 20/1/2020 09:49

"Yes, there is concern about microplastics being found on land and sea, and even in the air we breathe – but where are they coming from? They are coming from the disintegration of ordinary plastics, and this is why the UAE, Jordan, Saudi Arabia, Bahrain do not want them any more. These countries are insisting that plastic items must now be made with d2w technology so that they can still be used, reused, and recycled, but if they get into the open environment they will biodegrade much more quickly and be recycled back into nature by the bacteria and fungi. Before making this decision, the governments of those countries sent experts to study d2w technology and to audit the laboratories and manufacturing facilities, and they were satisfied that it would be good for their environment. In particular they insisted that plastic products made with d2w were tested according to ASTM D6954 and OECD standards to ensure that they were not toxic. Recycling and composting are not relevant to this problem, because plastic litter cannot realistically be collected from the oceans for recycling or composting. Perhaps one day there will be no plastic in the ocean, but that is not the foreseeable future, even in Europe. The 150 global parties mentioned in the article supported the 2017 Ellen MacArthur Foundation Report, which said that oxo-bio plastic simply fragmented into microplastics, but they no longer say that. They admit in their May 2019 report that these plastics are manufactured so that they can degrade faster than conventional plastics and that they do become biodegradable. The speed of degradation depends on a variety of factors, but one thing is certain – that in the same place at the same time a d2w plastic item will become biodegradable very much more quickly than ordinary plastic. There is however huge resistance to this technology from some of the largest companies in the world who make "bio-based plastics" (which are not tested to biodegrade in the open environment) and from other large companies who will not spend even an extra 1% to protect the environment from their products, which we see with their name on them, littered all over the globe. They have all heavily lobbied the EU, but the January 2018 report of the EU Commission did not recommend a ban – it was concerned about microplastics and recommended that the European Chemicals Agency (ECHA) be requested to make a study. Ten months into the study, ECHA said that they were not convinced that microplastics are formed, and the Commission promptly terminated their study. There is no scientific justification for any ban from the European Union's own scientific experts. The EU has nevertheless moved, without the necessary scientific evidence, and by evading the safeguards in the REACH Regulation, to ban plastic that "does not properly biodegrade and thus contributes to microplastic pollution in the environment, is not compostable, negatively affects the recycling of conventional plastic, and fails to deliver a proven environmental benefit." This does not describe d2w plastics. The article cites a report from UNEP, which does not recommend a ban. Nor did the UK's Environment, Food and Rural Affairs Dept. (DEFRA) The reports from the EU Commission, the Ellen MacArthur Foundation, UNEP, and DEFRA are all reviewed at www.biodeg.org No - the UAE, Jordan, Saudi Arabia, and Bahrain have got it right, and Egypt should follow their lead. The EU have got it seriously wrong, and in any event conditions in Europe are totally different to those in the Middle East.

[swiss paul] 14/1/2020 22:10

somethuing happening?

[robertnash2] 19/12/2019 08:36

Collins Dictionary definition "Inventory adjustments are corrections of inventory or stock records to bring them into agreement with the findings of the actual physical inventory." Surely it is up to the BoD to be transparent on this matter or is it asking too much?

[goliard] 17/12/2019 09:58

I have always said that this company misleads the market as they publish sales which are esentially stocking new clients or distributors, but do not tell you when anybody re-orders. As long as they keep getting new distrubutors sales look like they are going up even if the old distributors never sell anytihg. Now we have this lovely quote in the trading update "inventory adjustments by some of our customers" - what does that mean except that the customers have sent the stock back as they could not sell it.

How does an "inventory adjustment" of a customer impact SYM? It can't unless they have agreed a sale or return policy with some customers and they are no returning the stock.

Why call it an "inventory adjustment"? Why not use simple language?

Similar story to the Herbalife scandal in the US but on a tiny scale. Not illegal, but not something I would invest in.

[dave444] 17/12/2019 09:45

I am pleased to have bought in today only 30k but see this only going up from here!Fundraising at 12.5p compared with that this is great value

[luckymouse] 17/12/2019 09:22

specialists in degrading the share price it appears more than anything else - and no rubber bounce

[gripfit] 17/12/2019 09:01

Thank f@@k I sold out at 11p

[jailbird] 17/12/2019 08:05

Oh dear more jam ... Guess no one is surprised anymore

[robertnash2] 17/12/2019 07:56

Same old meaningless statement "Whilst these factors have affected Symphony's financial results for the year ending 31 December 2019, the Board remains confident in delivering an improved financial performance going forward."