Symphony Environmental T... Share Discussion Threads

[jmf69] 02/6/2020 15:04

BBIA joins coalition of associations calling for ban on oxodegradable plastics in the UKThe BBIA has joined a coalition of trade associations calling for a ban on oxodegradable plastics in the UK.The BBIA has put its name to a letter to Environment Secretary George Eustice calling for a "total ban" on the use, sale and distribution in the UK of conventional non-biodegradable plastics containing additives, which accelerate the fragmentation of plastics into microplastics.The EU's Single Use Plastics Directive prohibits the placing on the market of single-use plastic products made from oxodegradable plastic, and the coalition is calling on the UK to maintain this regulation as it leaves the EU.The letter cites evidence from Defra and the EU refuting the claim that oxodegradable additives can transform polyolefin plastics into biodegradable plastics, as they merely accelerate the fragmentation of plastics into microplastics. Further evidence from the University of Plymouth in 2019 found that oxodegradable bags actually remained intact in the sea and soil after three years.These plastics are also unable to be recycled as they contain powders that render plastic polymers unstable when recycled together, while they are also unable to be composted, leading to confusion among consumers and retailers who consider them biodegradable as if they were compostable.A wide coalition of signatories led by the Ellen Macarthur Foundation called for a ban in 2017 and reiterated that call in 2018. The UK coalition again reiterates the call to ban oxodegradables.Members of the coalition include the Anaerobic Digestion and Bioresources Association (ADBA), the Environmental Services Association (ESA), the Foodservice Packaging Association (FPA), the REA, Greenpeace, A Plastic Planet and Recoup.

[optimistic punter] 02/6/2020 14:08

https://www.youtube.com/watch?v=9Auq9mYxFEE&feature=emb_rel_end

[robertnash2] 01/6/2020 21:58

Thank you Goliard you have got it in one. I think there is a famous saying "pulling the wool etc" I am sure they can figure out the rest of the saying

[goliard] 01/6/2020 20:35

This is a great example of a company that fails to deliver but then announces another even bigger thing and gets new investors to believe them. Rinse and repeat. Literally.

[robertnash2] 01/6/2020 20:21

What Sym should do and what actually happens is another matter. Obviously the UK sales team is useless bearing in mind the sales figures. Point what happened to Wilko all sing and dance then what?

[goodapple] 01/6/2020 14:22

I'm sure Joe Public has demand for d2p rubber gloves. SYM should be branding and selling them direct while the pandemic is continuing to run riot.

[robertnash2] 01/6/2020 13:38

Goodapple what a good idea but when UK sales account for less than %5 would it be worth it bearing in mind one does not know the costs associated with these sales?

[shepc] 01/6/2020 13:32

I know some of those are buys not sells

[goodapple] 01/6/2020 07:21

SYM should spend a bit of dosh on advertising direct to the public to generate some support and demand from that end. Direct sales to the public would raise profile quicker than all this political lobbying.

[thordon] 31/5/2020 22:39

codhead1
Simple answer

1 ) politics
2 ) cost from suppliers - tender related
3 ) not our role or job to help the environment - revert to politics point 1

and repeat above

[mick sturbs] 30/5/2020 12:01

Indorama Corporation is one of Asia’s leading chemical holding company. Today based in Singapore, its origins trace back to 1975 with the start of Indo-Rama Synthetics in Indonesia by its founder, M.L. Lohia, and his son, S.P Lohia. Indo-Rama Synthetics started as a yarn spinning company and manufactured cotton yarns in its early days. During the 1990s, the company diversified into the production of synthetic spun yarns and polyester fibers.

Today, Indorama manufactures a multitude of products including polyethylene, polypropylene, nitrogen fertilizers, phosphate fertilizers, polyester, polyester feedstocks, textiles, cotton fiber and medical gloves. It is the largest producer of polyolefins in West Africa, the largest producer of fertilizers in Sub-Saharan Africa, and one of the largest producer of synthetic disposable gloves in the world. It is also a geographically diversified producer of spun yarns.

Along with its affiliate Indorama Ventures in Thailand, Indorama operates over 70 manufacturing sites in over 30 countries and employs over 30,000 people worldwide. Indorama Ventures is the largest producer of polyester products in the world with plants in five continents and also one of the biggest producer of polyester feedstocks. In addition to polyester, Indorama Ventures also manufactures intermediates such as IPA and performance materials made from fibers such as polypropylene, nylon, viscose, and aramids.

[jsforum] 29/5/2020 22:08

Small change perhaps but why choose SYM out of all the other prospects globally ?

[swiss paul] 29/5/2020 19:29

aw cmon its smal change to them - most proba tax write off

[jsforum] 29/5/2020 18:52

Unfortunately testing is complicated and takes a lot of time The FDA antimicrobial food packaging as a case in point - consumer trials were prohibited until this was granted Thankfully Grupo Bimbo is a multi national company so adoption should accelerate if/when successful The testing of d2p anti - microbial properties against viruses should give us a clearer picture by the end of June. If it proves effective this should be a strong catalyst for Covid-19 testing Bear in mind that Vincel holdings subscribed for 10 million shares last year and have options for more at 20 - 25p Vincel is owned by the Lohia family who own Indorama based in Indonesia Indimorama is a petrochemicals company and they make lots of things including rubber gloves. They wont have made this investment without a strategy. All in my opinion but DYOR

[swiss paul] 27/5/2020 20:25

Testing of my patience - this pile of pooh has been woeful. AT a time when the world is looking at a green revoloution and a COVID problme these shoudl be caning trhe money.
IOTS DYOR

[thordon] 27/5/2020 00:51

Digging down they are spending money on changing governments minds as lobbyist ,well they should just forget that money ill spent and just promote product.

[thordon] 27/5/2020 00:45

Suspect this was the case , oh well if it drops to 11p will rebuy good product but another 2 years before real profits

[foreverfalling] 26/5/2020 21:38

The covid proof plastic could be massive. Why wouldn't they be banging down the doors to find a lab to work with ?!

[optimistic punter] 25/5/2020 18:02

https://www.youtube.com/watch?v=IGOkAL_QZ_8

[symbiote] 21/5/2020 22:05

Polish on guys. You still need to make a good profit after all these years. Put your prices up or something!

[chinadog3] 20/5/2020 22:49

Will no doubt couple Results with good trading update since year end. Maybe delay to polish that up