Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSymphony Env. Regulatory News (SYM)

Share Price Information for Symphony Env. (SYM)

Share Price is delayed by 15 minutes
Get Live Data
6.75    0.00 (0.00%)
Bid:
6.00
Ask:
7.50
Spread: 1.50 (25.00%)
Market Cap: £15.95m
SYM Live PriceLast checked at - London Stock Exchange

Intraday Symphony Env. Share Chart

Response to BBC Coverage

20 Jul 2018 13:10

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 Boot

Tel: +44 (0) 20 7894 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® 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® plastic degrading see http://degradable.net/play-videos/4.

 

In addition Symphony has developed the d2Detector®, 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
Date   Source Headline
2nd May 201410:00 amRNSAGM Statement
29th Apr 20149:00 amRNSAdditional Listing
8th Apr 201411:55 amRNSNotice of AGM
25th Mar 20147:00 amRNSFinal Results
21st Jan 20147:00 amRNSIssue of Equity
4th Dec 20137:00 amRNSAdditional Listing
7th Nov 20133:15 pmRNSGrant of options
28th Oct 20137:00 amRNSTrade show update
11th Sep 20137:00 amRNSHalf Yearly Report
28th Aug 20131:14 pmRNSExercise of Staff Options
21st Aug 20137:00 amRNSRe Contract
26th Jun 20133:44 pmRNSHolding(s) in Company
17th May 201310:30 amRNSResult of AGM
17th May 201310:15 amRNSAGM Statement
15th Apr 201311:04 amRNSNotice of AGM
27th Mar 20137:00 amRNSPreliminary Results
5th Mar 20137:00 amRNSHolding(s) in Company
20th Feb 20137:00 amRNSChange of Adviser
17th Jan 201310:47 amRNSSignificant Shareholding
16th Jan 20132:57 pmRNSDirector/PDMR Shareholding
16th Jan 20137:00 amRNSTrading Update
7th Dec 20128:52 amRNSDirector/PDMR Shareholding
6th Dec 201212:33 pmRNSDirector/PDMR Shareholding
5th Dec 20127:00 amRNSTrading Update
3rd Dec 201212:37 pmRNSNotificaiton of Major Interest in Shares TR1
3rd Dec 20127:00 amRNSHolding(s) in Company
11th Oct 201211:12 amRNSHolding(s) in Company
9th Oct 20121:00 pmRNSHolding(s) in Company
27th Sep 20127:00 amRNSHalf Yearly Report
17th Aug 201211:17 amRNSHolding(s) in Company
2nd Aug 20123:41 pmRNSExercise of Staff Options and Issue of Equity
29th May 201212:12 pmRNSHolding(s) in Company
23rd May 20127:00 amRNSNEW LCA PUTS d2w PLASTICS AHEAD
27th Apr 201210:31 amRNSResult of AGM
27th Apr 201210:18 amRNSAGM Statement
5th Apr 201210:20 amRNSDirector's Shareholding
30th Mar 20129:22 amRNSNotice of AGM
22nd Mar 20129:08 amRNSChina Exclusive Distribution Agreement
14th Mar 20127:00 amRNSPreliminary Results for the year to 31 Dec 2011
2nd Mar 20123:02 pmRNSHolding(s) in Company
16th Feb 20127:00 amRNSPlastics held at UAE ports
14th Feb 201210:52 amRNSHolding(s) in Company
7th Feb 20127:00 amRNSInternational Update - Mexico Presentation
13th Jan 20127:00 amRNSTrading Update
22nd Sep 20117:00 amRNSDirectors Dealings
20th Sep 20117:00 amRNSInterim Results
12th Sep 20117:00 amRNSTRADING & PRODUCT CLARIFICATION
6th Sep 201112:56 pmRNSInterim Results Date
17th Aug 201111:31 amRNSHolding(s) in Company
9th Aug 201112:09 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.