ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SYM Symphony Environmental Technologies Plc

3.25
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Symphony Environmental Technologies Plc LSE:SYM London Ordinary Share GB0009589168 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.25 3.00 3.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 6.15M -2.89M -0.0156 -2.08 6.01M

Symphony Environmental Tech. PLC Response to BBC Coverage (3331V)

20/07/2018 1:10pm

UK Regulatory


Symphony Environmental T... (LSE:SYM)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Symphony Environmental T... Charts.

TIDMSYM

RNS Number : 3331V

Symphony Environmental Tech. PLC

20 July 2018

 
 
     20 July 2018 
 
 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Company")

Response to BBC Coverage

Symphony Environmental Technologies Plc (AIM:SYM), a global specialist in technologies that "make plastics smarter", makes the following statement on the coverage of its d2w plastic technology on the BBC news yesterday (19 July).

The Company's Chief Executive, Michael Laurier said:

"Nearly all previous media coverage has been about the problem of plastic in the open environment, rather than the solution. Whilst the BBC's coverage did not, in our opinion, fairly present the scientifically proven benefit of oxo-biodegradable technology, we are pleased that the BBC has now focused on the solution, and introduced our Company and our d2w technology to a much wider audience.

All plastics will fragment when exposed in the open environment, but the problem with ordinary plastics is that their fragments will lie or float around for decades before becoming biodegradable, and will persist and accumulate as a problem for future generations. During that time they break down into microplastics and may attract and carry toxins.

Symphony's d2w technology was invented to accelerate the degradation process and reduce the dwell-time of plastic in the environment, by adding a catalyst which promotes oxidation and converts the plastic into biodegradable materials. It is essential to understand that it does not just create fragments. d2w plastic can be recycled if collected but degradation followed by biodegradation is there to protect the environment if all else fails.

It is legitimate for the BBC reporter to question whether d2w technology actually works. To answer that question for ourselves and our customers we have commissioned scientific tests over more than 20 years so as to be quite sure that we would not be making misleading claims.

Based on this evidence a d2w plastic product will become biodegradable if exposed to oxygen on land or sea much more quickly than ordinary plastic.

These tests included successful exposure in seawater at the Bandol laboratory in France, and subsequent testing at Queen Mary University, London. We were therefore surprised when Richard Thompson of Plymouth University produced a bag which he claimed had failed to degrade. Mr. Thompson is not a polymer scientist, and we were given no opportunity before the broadcast to investigate his claim.

As previously reported by Symphony it is correct that the EU Chemicals Agency ("ECHA") is studying "oxo-degradable" plastic at the request of the EU Commission. We welcome this, and have submitted detailed evidence to ECHA that "oxo-degradable" plastic is not the same as "oxo-biodegradable" plastic and that d2w plastic will fully biodegrade within a reasonable time and much more quickly than ordinary plastic into non-plastic biodegradable materials that will themselves naturally biodegrade in a similar way to a leaf.

The programme showed d2w plastic products being used in the Ivory Coast, where the government is concerned that plastic litter which gets into the environment should not lie or float around for decades. They, like several other governments across the world, are encouraging the use of d2w. Plastic is essential to the people of the Ivory Coast for protecting their food and water from contamination. A plastic ban could cause an epidemic and is most unlikely, therefore an alternate solution such as d2w is required.

We hope that the item on BBC news yesterday is the beginning of an open and honest debate about innovative solutions such as d2w. It is time to stop talking about the problem, and to focus on the solutions, for which d2w is one of a suite of Symphony's technologies that we encourage governments and corporates to adopt."

-ENDS-

Contacts

 
  Symphony Environmental Technologies 
    Plc 
   Michael Laurier, CEO                      Tel: +44 (0) 20 8207 
                                              5900 
   www.symphonyenvironmental.com 
 
   Cantor Fitzgerald Europe 
   David Foreman, Richard Salmond, Michael   Tel: +44 (0) 20 7894 
    Boot                                      7000 
 
 
 
 
  Notes to Editor 
 
  Symphony has developed a range of additives, concentrates 
  and master-batches marketed as d2p which can be incorporated 
  in a wide variety of plastic and non-plastic products and 
  applications so as to give them protection against many different 
  types of bacteria, fungi, algae, mold and insects. 
 
  In addition Symphony has developed controlled-life plastic 
  technology which turns ordinary plastic at the end of its 
  service-life into biodegradable materials. It is then no 
  longer a plastic and can be bioassimilated in the open environment 
  in the same way as a leaf. The technology is branded d2w(R) 
  and appears as a droplet logo on many thousands of tonnes 
  of plastic packaging and other plastic products around the 
  world. In some countries oxo-biodegradable plastic is mandatory. 
  For a video of d2w(R) plastic degrading see http://degradable.net/play-videos/4. 
 
  In addition Symphony has developed the d2Detector(R), a portable 
  device which analyses plastics and detects counterfeit products. 
  Symphony's d2t tagging and tracer technology is also available 
  for further security. See www.d2t.net 
 
  Symphony has a diverse and growing customer-base and has 
  established itself as an international business with 74 distributors 
  around the world. Products made with Symphony's plastic technologies 
  are now available in 97countries and in many different product 
  applications. Symphony is certified to ISO9001 and ISO14001. 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RSPLBLFLVDFBBBD

(END) Dow Jones Newswires

July 20, 2018 08:10 ET (12:10 GMT)

1 Year Symphony Environmental T... Chart

1 Year Symphony Environmental T... Chart

1 Month Symphony Environmental T... Chart

1 Month Symphony Environmental T... Chart

Your Recent History

Delayed Upgrade Clock