Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Biome's Bioplastics division (www.biomebioplastics.com) announces the start of a project to develop and test a new generation of biodegradable tree shelters made from the Company's bioplastics. The project has been awarded funding of £58,843 from the Government-backed Innovate UK agency.
Should this initial feasibility project prove successful, the Company may apply for further funding from SBRI Phase 2 in early 2021. It is envisaged that subsequent funding would be used to conduct extensive field trials.
On another note regarding Mask , Biome would not be able to make mask as the formulation would not be agile , it would need to combine other ingredients in order to do so ( at present do not exist )
Biome product is hard wearing and brittle , needs industrial process to break down as more stable.
Hence why its hard to find other products that can be used for.
Still a good product , but will never make bio plastic bags
Every man and his dog are making masks. I doubt it's worth pursuing.
if paul announced some work being done on MASKS this would SKYROCKET
this is disgraceful - they should be focusing on biodegradable masks, the company is not focused on the correct area at all
I'd like to know how long the phase 2 test lasts and then plans for commercialisation.
No one here? Come on peeps this co is going places. Good RNS update this morning to know the 3 months test project is completed and the "Company has tendered for a further contract under SBRI Phase 2 with a view to starting large-scale field trials of novel biodegradable tree shelters during 2021." There could be a lot of sales for these tree shelters over the years. Meantime, take another look at the vimeo video https://vimeo.com/494238613, very helpful.
Closer to home, France has implemented a new anti waste law.
New single-use plastic products are banned, whether they are entirely or just partly composed of plastic. This includes plates and cutlery, straws, stirrers, expanded polystyrene boxes (such as those used for take-aways or at fast food restaurants), lids used for take-away cups, plastic confetti and all objects made of oxo degradable plastic.
So BIOM should wake up and get their sales person over to France and SELL SOMETHING !!!
So Biome have captured the market as the compound used can withstand heat , the other side is that takes time to decompose but can be used to make Coffee Logs to burn and are very efficient then conventional wood logs.
Was unlucky to buy in at £1.80 and without forecast relutant to invest.
That said piled into Itaconix Plc that makes replacement green products and within 2 years looking at making plastic bags.
SYM very frustrating and made my points clear fighting the EU back lobbyist for past two years was money ill spent , good product but they still expect everyone knocking on there doors , needs a new management away from research to boost the company and no forward guidance for the full year results.
Some of the target product lines would imply they do yes. They had hundreds of millions in advance orders which makes one wonder about BIOM's technology since they're not at double figures millions despite having products on the market for a long time. That was just one example though. There are lots of other innovations being made from plastic eating bacteria that decompose all plastics to rapidly degradeable compounds. No one knows how close they are leaving the lab and most have to be highly targetted. Just noting it as a risk. It wouldn't surprise me to see the coffee pod market snatched awy pretty quickly unless BIOM can innovate rapidly but I've not seen anyone else try to tackle tree planters yet.
there will definitely be competition in the biodegradable plastics sector, and sure, other companies may well be the first to start churning out products, but that could be good thing for us too. The more obvious it is that there is a viable alternative to current oil-based plastics, the faster the world will accept that we need to embrace that alternative. No single manufacturer is producing plastics currently, there must be hundreds of thousands of different companies out there. If Biome Technologies can corner just a few niches of this most enormous total market, they will do just fine.
Maybe BIOM's materials aren't appropriate? They have to be very specific for each application.
My biggest worry with this one is the competition. There are much bigger fish now operating in the field and plenty coming to market with seemingly better products. I was watching Bloomberg a couple of days ago. There was a CEO from Georgia who had just raised a couple of hundred million using a SPAC. He had a completely biodegradable plastic made from bacteria and was aiming to replace all the straws, coffee cups and plastic bags in America over the next few years. BIOM's material needs industrial composting. It won't degrade out in the real world.
BIOM needs to claim as much market share as it can as quickly as it can and keep the research up. With the tiny market cap I'm sure we'll all have a chance to make a profit on the shares but the company might not reach it's full potential.
Canada Goes for Biodegradable Face Masks
canada bioplastics
CANADA CORONA PPE
Canada Goes for Biodegradable Face Masks
BY AXEL BARRETT
August 19, 2020
Canada invests in the development of Biodegradable Face Mask Filters!
this is what BIOM should have done and announced, they still have TIME< someone tell PAUL to get on it
I am now thinking maybe BIOM will bring out compostable masks, that degrade themselves, it would make sense for them to do this given most nappy masks do not dissolve, if they announce a mask coup we will 4 bag here probably. they missed a trick when SYM made the anti-covid surfaces. nappy masks are leaving pollution everwhere
Lowly rated on Stockopedia. Have they got it wrong? I was in at 380
I bought when you did Chrisdp86 but averaged down at £1.20. Sitting at break even now.
Still here. Licking wounds as I bought in at over 5.50p. Got shafted by over promised bio plastic sales and an awful placing but seems to be on the up now and bio plastics selling better at long last.
Here is hoping for a better 2021
The spread had been putting me off for 3 months, but I eventually bought in 3 days ago and i'm 15% up already! Obviously i'm not taking that rise for granted and i'm expecting it to fluctuate plenty still, but with such a low market cap and potential enormous total addressable market, a spread of 20% shouldn't be too much of a deterrent for anyone intending to invest in the long term possibilities here
messed up that they continue to run the super wide spread... market 'makers'
Such an exciting little company. Only around £35k worth of volume yesterday and a 23% increase in share price. This will move huge amounts when/if any further news is announced
Any new orders coming on top of the ones already announced should move it up a lot. Let's hope some are incomming.
It's a very illiquid share so any buying or selling moves the price a lot. The last few days are tiny moves in that context.
Long enough hold, and you/we should all be OK. Unless these guys go kaput then the outcome should be better than putting your £ in the bank/building society, at the least!
Hypermarlin,somersetgreen: thanks for the replies. I don't hold a lot of these shares and I confess I bought them mainly out of a sense that green issues will become ever more prominent and important and plastics are going to feature strongly on the "green agenda". Lets see what happens!
I bought in here yesterday after watching from the sidelines for the last few months waiting for that hideous spread to close. In the end the low market cap was just too much to ignore. Plastics are one of the biggest environmental issues of this time and I can see demand growing hugely for bioplastics in the near future. Orders such as the recent coffee pod one should see exponential growth in demand. If one producer is using environmentally friendly products it puts a lot of pressure on others to follow, to the point that companies not using them are seen as a pariah. Hopefully they can get more orders from other sectors soon too.
The spread is very off-putting, but will soon fade into inconsequence if this takes off
Biome are getting tagged (in chat forums e.g. on Twitter) along with various other green shares, which are surging, so some of the over flow is here, I expect, but then the spread kills any momentum. At a guess.