Symphony Env. Regulatory News (SYM)

16 Jun 2008 11:34



SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Dubai - d2w® Oxo-biodegradable Plastic Launch

Symphony Environmental Technologies Plc ("Symphony" or "the Group"), the degradable plastics and waste-to-energy Group, is pleased to announce the launch of d2w® in the United Arab Emirates, ("U.A.E."), following the completion of a Distribution and Manufacturing Agreement ("the Agreement") with Eco-Polymers, a subsidiary of the Fujairah Plastics Group ("Fujairah"), of Sharjah, U.A.E. through its wholly-owned subsidiary, Symphony Environmental Limited. The Agreement was announced on 29 April 2008

The initial order for 500 tons of d2w® polymer has been placed to meet the anticipated substantial demand and shipments have commenced in accordance with the Agreement. 

The launch and presentation was held in Dubai today under the patronage and in the presence of, of His Excellency Dr. Rashid Ahmed Bin Fahad, Minister of Environment and Water of the U.A.E.  A press briefing took place and extensive on-going media coverage is expected during and after the event. Key note speeches were  made by His Excellency Dr. Rashid Ahmed Bin Fahad and also the Hon. Nirj Deva, DL, Member of the European Parliament and, Chairman of Symphony. 

Product endorsements and displays of  d2w® oxo-biodegradable plastics at the event were made by The Dubai Municipality, Sharjah Cooperative, Marks & Spencer, Aswaaq Supermarket Group, Emirates Environmental NGO,  and Al Safeer Group of Companies.

Michael Laurier, Chief Executive of Symphony Environmental Technologies plc, said:

"This is a major step forward and also a very important event for the Middle East as it shows the world by example that there is an easy and low cost solution for resolving the problems associated with plastic pollution. We are honoured and delighted to be an important part of creating history with Eco-Polymers for the betterment of the environment as well as for the plastic industry in general."

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Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradable plastic technology. The technology is recognised by the d2w® droplet logo on thousands of tonnes of oxo-biodegradable plastic products. In the last 12 months enough d2w® pro-degradant additive has been supplied to make more than 5 billion plastic products. 

Symphony has a diverse and growing customer base and has successfully established itself as an international business. Its d2w® products can already be found in more than 50 0 countries around the world. Symphony is proud to be a member of the Oxo-biodegradable Plastics Association (www.biodeg.org).

Symphony is also developing innovative waste-to-energy technology and is developing cost-effective processes to convert plastics, tyres and other waste streams into valuable products.

Further information on the Symphony Group can be found at www.degradable.net