PLNT Plantic Tech.

 

TIDMPLNT 
 
RNS Number : 0031H 
Plantic Technologies Limited 
11 February 2010 
 

 
Plantic Introduces eco Plastic(TM) 
 
MELBOURNE, Australia; 11 February - Plantic today announces that it is launching 
a new product range which builds on its proprietary technology. 
 
eco Plastic(TM) is a range of compounded resins with low carbon footprint and 
high renewable content based on Plantic's resin. Several customers in Australia 
and Europe are currently testing the product in various rigid and flexible 
applications. 
 
Summary: 
 
·      Key features of eco Plastic(TM)(1): 
·     40% renewable content 
·     25% less energy consumed in production than conventional polymers 
·     Broad range of commercial applications 
·      Evaluation programme commenced with leading global provider of 
specialised polymers with a view to negotiating an agreement for development, 
manufacturing and distribution 
·      Further expansion of the use of Plantic's technology 
 
Plantic is launching a new product line targeting the increasing global demand 
for sustainable plastic solutions that feature a high content of renewably 
sourced material. Whilst the resin includes a percentage of traditional polymers 
it will provide a broad range of functional properties. Branded eco Plastic(TM), 
the new product line has been designed to meet the growing world demand for a 
sustainable approach to plastics technology based on a significant level of 
renewable material that will reduce carbon emissions and deliver exceptional 
performance characteristics across a broad range of applications. 
 
The key advantages(1) of eco Plastic(TM) are that it contains approximately 40% 
renewable content, uses 25% less energy than conventional polymers, 
significantly reduces carbon dioxide emissions and is compatible with 
conventional processing aids and colorants in Blown Film, Injection Moulding and 
Extrusion Blow Moulding applications. 
 
Plantic is working with a global leader in this major market segment with a view 
to negotiating agreements to sell and manufacture eco Plastic(TM) resins and to 
work in conjunction with this global leader to develop a new suite of renewably 
sourced products built on Plantic's proprietary resins. The evaluation programme 
by this leading global compounder has commenced and is expected to be completed 
during the first half of 2010. 
(1)   Plantic estimate based on its current Life Cycle Assessment, to be 
independently verified with the completion of the eco Plastic(TM) Life Cycle 
Assessment 
 
Chief Executive Brendan Morris said: 
"With the introduction of eco Plastic(TM), we can more completely meet the 
diverse needs of the market.  In addition to the environmental emphasis of 
biodegradability, sustainability or renewable content, everyone wants to save 
energy, reduce carbon emissions and increase production efficiency while 
achieving superior performance quality. 
"The potential to partner with a leading global compounder for the development, 
manufacture and distribution of these resins is intended to provide a platform 
to greatly expand Plantic's product capability and reach." 
 
About Plantic Technologies Limited 
 
Plantic Technologies is based in Australia, where its head office, principal 
manufacturing and 
research and development facilities are located. The company also has sales 
offices in Germany and the United Kingdom, and employs approximately 50 people 
internationally. 
 
Plantic's novel polymer technology is based on the use of high-amylose corn 
starch, a material derived from annual harvesting of specialized non-GM (hybrid) 
corn and supplied by National Starch  The unique chemical and film-forming 
properties of this type of starch allow for the development of a range of 
applications across conventional plastics markets.  Plantic materials have a 
renewable bio-content of approximately 85%.  In addition to being 
renewably-sourced, Plantic materials are biodegradable, home compostable, water 
dispersible and compostable to American (ASTM 6400) and European (EN 13432) 
standards. 
 
Plantic Technologies has won numerous international awards for their innovation 
in biodegradable plastics. Plantic is listed on the London Stock Exchange (AIM) 
under the 
symbol 'PLNT'. 
 
For more information visit the company's website www.plantic.com.au 
 
ENQUIRIES: 
 
+-------------------------------+----------------------------------+ 
| Plantic Technologies:         |                                  | 
+-------------------------------+----------------------------------+ 
| Brendan Morris, Chief         | +61(0)3 9353 7983                | 
| Executive Officer             |                                  | 
+-------------------------------+----------------------------------+ 
|                               |                                  | 
+-------------------------------+----------------------------------+ 
| Nomura Code Securities        |                                  | 
| Limited:                      |                                  | 
+-------------------------------+----------------------------------+ 
| Juliet Thompson               | +44 (0)20 7776 1204              | 
+-------------------------------+----------------------------------+ 
|                               |                                  | 
+-------------------------------+----------------------------------+ 
| Pelham Bell Pottinger:        |                                  | 
+-------------------------------+----------------------------------+ 
| Archie Berens                 | +44 (0)20 7337 1509 / +44        | 
|                               | (0)7802 442486                   | 
+-------------------------------+----------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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