BURLINGTON, ON, Feb. 12,
2025 /CNW/ - EcoSynthetix Inc. (TSX: ECO)
("EcoSynthetix" or the "Company"), a renewable chemicals company
that produces a portfolio of commercially proven bio-based
products, today announced it has won a new commercial account with
one line of a leading global pulp manufacturer. The manufacturer is
using EcoSynthetix' SurfLock™ strength aids in the production of
pulp. The commercial agreement consists of a purchase order for
$1.1 million worth of material during
calendar 2025.
"This first pulp win, from a leading global pulp manufacturer
that we have been engaged with commercially in other end markets
for more than a decade, is an important milestone for the
business," said Jeff MacDonald, CEO
of EcoSynthetix. "The pulp end market is a billion-dollar
opportunity. The characteristics and value that our strength aids
offer pulp manufacturers are compelling which we believe will
underpin broader market penetration. We believe there is a
significant opportunity with this global manufacturer beyond the
first line and we continue to trial at other lines within their
asset base."
SurfLock™ is a bio-based strength aid that increases the
mechanical strength in pulp, tissue and paper-based packaging
applications. SurfLock™ can be used by manufacturers to improve
their economics by increasing their use of lower cost virgin
fibers, recycled fibers and low-cost fillers, reducing their use of
retention aids and refining energy, and improving the runnability
of the line with less breaks on the machine. Pulp, tissue and
packaging applications represent a billion-dollar addressable
market opportunity for the Company.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered
biopolymers that allow customers to reduce their use of harmful
materials, such as formaldehyde and styrene-based chemicals. The
Company's flagship products, DuraBind™, Surflock™, Bioform™ and
EcoSphere®, are used to manufacture wood composites, personal care,
paper, tissue and packaging products, and enable performance
improvements, economic benefits and carbon footprint reduction. The
Company is publicly traded on the Toronto Stock Exchange
(T:ECO).
SOURCE EcoSynthetix Inc.
