Proactiveinvestors Australia Symphony Environmental Technologies PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia Symphony Environmental Technologies PLC RSS feed en Thu, 20 Jun 2019 02:00:51 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190514164058_14073848/ Wed, 15 May 2019 01:40:58 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190514164058_14073848/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190514163540_14073840/ Wed, 15 May 2019 01:35:40 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190514163540_14073840/ <![CDATA[RNS press release - ECHA update ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190510070004_14069017/ Fri, 10 May 2019 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190510070004_14069017/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190503145200_14063008/ Fri, 03 May 2019 23:52:00 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190503145200_14063008/ <![CDATA[RNS press release - AGM Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190503070002_14061737/ Fri, 03 May 2019 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190503070002_14061737/ <![CDATA[RNS press release - Posting of Accounts and Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190410070006_14035168/ Wed, 10 Apr 2019 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190410070006_14035168/ <![CDATA[RNS press release - Exercise of options and PDMR dealing ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190318151829_14006254/ Tue, 19 Mar 2019 02:18:29 +1100 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190318151829_14006254/ <![CDATA[RNS press release - Preliminary Results ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190315070004_14003210/ Fri, 15 Mar 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190315070004_14003210/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190117105425_13938274/ Thu, 17 Jan 2019 21:54:25 +1100 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20190117105425_13938274/ <![CDATA[RNS press release - JUDGE FINDS CASE FOR OXO-BIODEGRADABLE TECH PROVEN ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20181105070006_13854141/ Mon, 05 Nov 2018 18:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20181105070006_13854141/ <![CDATA[RNS press release - Director/PDMR Shareholding - Extension of Options ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20181016070012_13829680/ Tue, 16 Oct 2018 17:00:12 +1100 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20181016070012_13829680/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20181012070003_13826089/ Fri, 12 Oct 2018 17:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20181012070003_13826089/ <![CDATA[RNS press release - New distributor launch held in Jordan ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180925070752_13802969/ Tue, 25 Sep 2018 16:07:52 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180925070752_13802969/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180830070005_13772217/ Thu, 30 Aug 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180830070005_13772217/ <![CDATA[RNS press release - Trading & Operations Update ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180806070044_13744160/ Mon, 06 Aug 2018 16:00:44 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180806070044_13744160/ <![CDATA[Media files - Symphony Environmental still convinced it has 'silver bullet' to global plastic problem ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9946/symphony-environmental-still-convinced-it-has-silver-bullet-to-global-plastic-problem-9946.html Wed, 25 Jul 2018 14:38:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9946/symphony-environmental-still-convinced-it-has-silver-bullet-to-global-plastic-problem-9946.html <![CDATA[RNS press release - Oxo-biodegradable technology statement ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180723080954_13727220/ Mon, 23 Jul 2018 17:09:54 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180723080954_13727220/ <![CDATA[News - Symphony Environmental again defends plastics technology as waste debate widens ]]> https://www.proactiveinvestors.com.au/companies/news/201317/symphony-environmental-again-defends-plastics-technology-as-waste-debate-widens-201317.html Plastics group Symphony Environmental PLC (LON:SYM) has published another defence of its oxo-biodegradable technology after a critical BBC report last week.

Doubts about how long oxo-biodegradable plastics take to degrade in water were raised in a BBC programme, while the European Commission has also expressed concerns over degradation time.

READ: Symphony Environmental wants debate on bio-degradable plastics thrown open after BBC claims

The company said its d2w oxo-biodegradable additive technology had been scientifically proven to help reduce dwell-time of plastic that escapes recycling and ends up in the open environment.

Symphony today pointed out that 90% of its sales are currently outside of the UK and Europe and in economies that have little or no recycling or collection systems.

Europe has established, comprehensive and effective waste management and recycling systems, but even here plastic materials still escape collection, Symphony said.

How much waste does UK actually recycle?

A report today questioned just how much of the UK’s waste is actually recycled.

Britain’s National Audit Office said that as much as half of UK packaging reported as recycled is likely to be sent abroad to be processed.

The European Union's 55% target for UK packaging recycling was easily beaten in 2017 with recycling of plastic, glass, steel and aluminium all rising steadily over the past 15 years.

Still, the government has little idea whether the exported waste is going to into landfill, burnt or being made into new products, said the NAO.

Amyas Morse, the head of the NAO, said today: “If the UK wants to play its part in fully tackling the impacts of waste and pollution, a tighter grip on packaging recycling is needed.

“Twenty years ago, the government set up a complex system to subsidise packaging recycling, which appears to have evolved into a comfortable way of meeting targets without addressing the fundamental issues.”

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Mon, 23 Jul 2018 10:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201317/symphony-environmental-again-defends-plastics-technology-as-waste-debate-widens-201317.html
<![CDATA[RNS press release - Response to BBC Coverage ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180720131001_13726158/ Fri, 20 Jul 2018 22:10:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180720131001_13726158/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180720090521_13725592/ Fri, 20 Jul 2018 18:05:21 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180720090521_13725592/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180720090018_13725583/ Fri, 20 Jul 2018 18:00:18 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180720090018_13725583/ <![CDATA[News - Symphony Environmental wants debate on bio-degradable plastics thrown open after BBC claims ]]> https://www.proactiveinvestors.com.au/companies/news/201252/symphony-environmental-wants-debate-on-bio-degradable-plastics-thrown-open-after-bbc-claims-201252.html Symphony Environmental Technologies PLC (LON:SYM) took a tumble as the BBC reopened the debate over oxo-biodegradable technology in plastics.

The AIM-listed company has developed a product, d2W, which uses oxo-biodegradable technology that it claims can degrade in the presence of oxygen within two years.

READ: Symphony Environmental ups marketing budget in expectation of increased orders in 2018

Critics say it just breaks down into a smaller form of plastic rather than degrading completely.

In a statement today, Michael Laurier, Symphony’s chief executive, rebutted the claims made in a BBC News programme.

“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."

He says d2W degrades in the same way as a leaf in the open environment.

“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.“

Adding it was legitimate for the BBC to ask if d2W actually works, Laurier said it has been carrying out tests for 20 years to prove its effectiveness.

“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.”

WATCH: Symphony Environmental makes significant move into healthcare with new latex gloves

A number of countries in the Middle East and Africa are looking at legislating for oxo- to replace existing plastics, but the European Union is under pressure to ban the substance.

Saudi Arabia has already made ox-biodegradable plastic compulsory for a range of plastic products including food sold in supermarkets.

The European Commission though has expressed concern about the length of time plastic might take to degrade, concluding the technology was not suitable for long-term use.

Laurier added Symphony has submitted evidence to the EU Commission that d2W plastic will fully biodegrade with a reasonable time, more much more quickly than ordinary plastic and into non-plastic bio-degradable material.

He said he hoped the BBC programme would start a debate about the solutions available to deal with the plastic waste problem, including d2W.

Shares in Symphony fell 24% to 15.75p.

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Fri, 20 Jul 2018 14:25:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201252/symphony-environmental-wants-debate-on-bio-degradable-plastics-thrown-open-after-bbc-claims-201252.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180529125125_13658315/ Tue, 29 May 2018 21:51:25 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180529125125_13658315/ <![CDATA[RNS press release - Exercise of Warrants and Director Dealing ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180521130159_13648939/ Mon, 21 May 2018 22:01:59 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180521130159_13648939/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515164031_13642345/ Wed, 16 May 2018 01:40:31 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515164031_13642345/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515163516_13642328/ Wed, 16 May 2018 01:35:16 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515163516_13642328/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515120257_13641810/ Tue, 15 May 2018 21:02:57 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515120257_13641810/ <![CDATA[RNS press release - AGM Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515070101_13640823/ Tue, 15 May 2018 16:01:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515070101_13640823/ <![CDATA[RNS press release - Trading and Operations Update ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515070007_13640763/ Tue, 15 May 2018 16:00:07 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180515070007_13640763/ <![CDATA[News - Symphony Environmental ups marketing budget in expectation of increased orders in 2018 ]]> https://www.proactiveinvestors.com.au/companies/news/196975/symphony-environmental-ups-marketing-budget-in-expectation-of-increased-orders-in-2018-196975.html Symphony Environmental Technologies plc (LON:SYM) has upped its marketing expenditure ahead of an expected increase in orders for 2018.

The AIM-listed plastics manufacturer reported in a trading update that revenues had increased 17% in the first four months of the year when compared to the same period a year ago.

WATCH: Symphony Environmental makes significant move into healthcare with new latex gloves

The group added that following the Ramadan period, orders for its technologies which include oxo-biodegradable plastic products, were expected to increase when compared to the prior year, particularly in Saudi Arabia and Pakistan.

Following a recent information campaign, enforcement actions and new importation restrictions by the Saudi Arabian government, Symphony said it expected volumes of its d2w range of oxo-biodegradable plastics to increase in the country after the Ramadan and Eid periods from July 2018.

Meanwhile, in Pakistan, a recent order of the supreme court in Sindh province resulted in sales nearly doubling in the last two months, with the company’s distributor expecting sales to continue increasing after Ramadan.

In light of various media, political and commercial opportunities, including reviews on single-use plastics in the UK and EU and policy action in the Middle East, the company said it had increased marketing expenditure for 2018 by around £375,000, with £225,000 of this expected in the first half of the year.

The group will also be wanting to raise the profile of its new range of d2p medical products, which contain an anti-microbial technology designed to actively protect against bacteria and other contaminants, in addition to its d2w oxo-biodegradable plastics range.

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Tue, 15 May 2018 07:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196975/symphony-environmental-ups-marketing-budget-in-expectation-of-increased-orders-in-2018-196975.html
<![CDATA[RNS press release - New Product Launches ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180503070005_13628135/ Thu, 03 May 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180503070005_13628135/ <![CDATA[Media files - Symphony Environmental makes significant move into healthcare with new latex gloves ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9202/symphony-environmental-makes-significant-move-into-healthcare-with-new-latex-gloves-9202.html Thu, 03 May 2018 10:42:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9202/symphony-environmental-makes-significant-move-into-healthcare-with-new-latex-gloves-9202.html <![CDATA[News - Symphony Environmental launches range of medical products incorporating d2p technology ]]> https://www.proactiveinvestors.com.au/companies/news/196313/symphony-environmental-launches-range-of-medical-products-incorporating-d2p-technology-196313.html Symphony Environmental Technologies plc (LON:SYM) has launched a series of healthcare products, starting with latex examination gloves, made with its antimicrobial d2p technology.

The AIM-listed environmentally friendly plastic maker said it was working with Health & Hygiene Ltd, a British company, and Biomax Rubber Industries of Malaysia through a collaboration agreement signed on 2 February 2018.

WATCH: Symphony Environmental makes significant move into healthcare with new latex gloves

Biomax is one of the fastest growing manufacturers of latex examination gloves in Malaysia and produces more than 1bn gloves per year, certified to ISO-9001 and product certifications of ISO-13485 and CE Marking as Class I Medical Device confirming European conformity and markets its products in over 40 countries.

Malaysia is currently one of the world's largest producers of examination gloves, manufacturing around 230bn units last year. 

The gloves, to be marketed under the newly registered ‘Protector’ brand, will be the first launch in a planned range of antimicrobial disposable healthcare products including face masks, caps, shoe covers, surgeon gowns, lab coats, isolation gowns, bed and pillow covers and hospital waste bags containing d2p technology.

The group says unlike current examination gloves that act as a passive barrier to contamination, the inclusion of the d2p technology means the new gloves will provide an active defence against potentially harmful microbes.

Symphony added that Health & Hygiene Ltd and Biomax are exclusively incorporating the innovative d2p technology, with the Protector gloves offering 99.99% efficacy in accordance with ISO 22196 and ASTM E2180 against commonly occurring organisms including MRSA and Salmonella.

Michael Laurier, Symphony chief executive, said: "We are delighted with the result of the collaboration between ourselves, Biomax and Health & Hygiene Ltd, and excited by the prospect of more products becoming available in the coming months."

In mid-afternoon trading Thursday, Symphony shares were up 9.7% at 25.2p.

 

--Adds additional information from launch conference and share price-- 

 

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Thu, 03 May 2018 07:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196313/symphony-environmental-launches-range-of-medical-products-incorporating-d2p-technology-196313.html
<![CDATA[RNS press release - Collaboration Agreement and Strategic Investment ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180501070003_13624741/ Tue, 01 May 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180501070003_13624741/ <![CDATA[News - Symphony Environmental secures agreement with French bioplastics firm ]]> https://www.proactiveinvestors.com.au/companies/news/196112/symphony-environmental-secures-agreement-with-french-bioplastics-firm-196112.html Symphony Environmental Technologies plc (LON:SYM) has signed a collaboration and strategic investment agreement with French company Eranova SAS.

The AIM-listed biodegradable plastics maker said Eranova has developed a technology which extracts starch from algae for use with other materials. The starch can be combined with other polymers to produce compostable and biodegradable resin.

READ: UK Plastics Pact aims to eradicate unnecessary single-use plastics by 2025

These can be used to manufacture a wide range of products, with the technology potentially able to produce biofuel, biopolymers, proteins for food and animal feed as well as by-products for pharmaceutical and cosmetic industries.

One of the key aspects of the technology, the company said, is that it will be possible to manufacture from natural raw materials without the need to use arable land and fresh-water resources normally used for growing crops.

The company said the agreement includes an initial subscription of €500,122 for an 8% holding in Eranova once it is fully funded to begin pre-industrial development, with an option to increase the holding to 51% in one or more tranches at any time within three years of the initial investment.

Symphony added that Eranova required about €4.7mln in funds for pre-industrial development, of which the group's initial subscription was part, in addition to €1.03mln in funding from the French Environmental & Energy Management Agency (ADEME).

The firm also said that Eranova was receiving funds from the French region of Provence Alpes Cote d’Azur together with private investment and soft loans.

READ: Symphony Environmental's deputy chairman hopes UK government will make biodegradable plastic compulsory

Pre-industrial development is expected to start in the second half of 2018 and will consist of constructing long seawater tanks, called "raceways", where Eranova will optimise cultivation of algae for production.

The raceways constructed during this phase will represent 1/50th of a full commercial facility, with the phase also involving the conversion of the starch into bioplastic compounds.

The group added that Eranova has signed an agreement to begin installation of the pre-industrial development with the Grand Port de Marseille, with TOTAL TDR, a division of petrochemical giant TOTAL, supporting certain employment costs due to the innovative nature of the technology.

Aside from the investment, Symphony said that under the agreement it also had the right to purchase 75% of Eranova’s compound made in the Middle East and North Africa, for sale as either raw compound or manufactured finished products within the Middle East region exclusively, and globally on a non-exclusive basis excluding 13 countries in which Eranova has exclusivity.

Michael Laurier, Symphony chief executive, said: "This investment and collaboration agreement adds another key environmental technology to Symphony's range of smarter plastics, and gives the Group an exciting position in the bioplastics market which, according to a recent report by Zion Market Research, is growing at a rate of 12.5% per annum and will reach a value of $35.5bn by 2022.”

Philippe Lavoisier, chief executive of Eranova, added: "We are pleased to have Symphony as an investor in Eranova. Green algae are a major issue for the environment, and our technology will be used to collect and use this pollutant as a source to manufacture an odourless, colourless, compostable and biodegradable range of bioplastics without creating competition with food production.”

In mid-morning trading Tuesday, Symphony Environmental shares were down 0.6% at 24.7p.

--Adds shares price--

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Tue, 01 May 2018 07:34:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196112/symphony-environmental-secures-agreement-with-french-bioplastics-firm-196112.html
<![CDATA[News - UK Plastics Pact aims to eradicate unnecessary single-use plastics by 2025 ]]> https://www.proactiveinvestors.com.au/companies/news/195860/uk-plastics-pact-aims-to-eradicate-unnecessary-single-use-plastics-by-2025-195860.html The big four supermarkets plus many other giants of the food and drinks industry have signed up to the “UK Plastics Pact”.

The agreement, organised by Government-backed waste charity Wrap, is an initiative to eradicate unnecessary single-use plastics by 2025.

The UK Plastics Pact has launched today! It’s a world-first initiative designed to tackle #plasticpollution and #ChangePlasticsForGood - bringing together those who produce, retail, recycle or use plastic in any way #UKPlasticsPact pic.twitter.com/CMRjYUiaAC

— Recycle Now (@recycle_now) April 26, 2018

Examples of unnecessary single-use plastics include plastic ketchup bottles, yoghurt pots, black plastic trays used for ready-to-heat meals, those annoying plastic bases found in pizza cartons, food pouches, cotton buds, plastic straws, plastic bags used on loose fruit & veg and crisp packets.

In excess of 40 firms have pledged that all the plastic packaging they use will be reusable, recyclable or compostable within seven years, while two thirds will be recycled or composted, up from less than half today.

The initiative is likely to be a boon for the likes of Symphony Environmental Technologies plc (LON:SYM) and its oxo-biodegradable plastic technology and could see a return to the widespread use of glass as a container material.

READ Symphony Environmental's deputy chairman hopes UK government will make biodegradable plastic compulsory

Coffee addicts have already got used to the idea of taking in their own mugs to receive a small discount on their massively overpriced shot of java and we could now see customers taking their own containers along to the fresh fish and meat counters of supermarkets to be used in lieu of black plastic trays.

The plan is to phase out the use of black plastic trays used to package fresh fish and meat by the end of next year; the trays are not recycled because the colour of them means they cannot be identified by machines used to pick out recyclable plastic.

As well as food sellers Tesco, Sainsbury’s, Morrisons, Asda, Marks & Spencer, Lidl, Pret, Waitrose and Aldi, the likes of Britvic, Bird’s Eye, Coca-Cola, Cranswick, Nestle, PepsiCo and Unilever from the food & drinks production sector have signed up to the agreement.

Iceland, the frozen food specialist, was ahead of the game in this respect when it announced in January it would eliminate plastic packaging from all of its own-brand products.

“Together, we have a once-in-a-lifetime opportunity to rethink and reshape the future of plastic so that we retain its value, and curtail the damage plastic waste wreaks on our planet," said Marcus Gover, the chief executive officer of WRAP.

The #UKPlasticsPact is a trailblazing, collaborative initiative aiming to transform the UK plastics packaging sector and create a #NewPlasticsEconomy @NewPlasticsEcon. Learn more: https://t.co/VYfTSNlRAH #ChangePlasticsForGood pic.twitter.com/nP93WmC62K

— WRAP (@WRAP_UK) April 26, 2018

Yes, but...
We can't just #recycle our way out of trouble; ultimately, we need to be phasing out all but the most essential plastics. https://t.co/E4ERCWcDcO #PlasticsPact #UKPlasticsPact

— Friends of the Earth (@friends_earth) April 26, 2018

WRAP said the pact would generate a fundamental change in the way the UK designs, produces, uses, re-uses, disposes of and reprocesses plastic.

The charity noted that roughly 5,000 items of marine plastic pollution have been found per mile of beach in the UK.

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Thu, 26 Apr 2018 13:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195860/uk-plastics-pact-aims-to-eradicate-unnecessary-single-use-plastics-by-2025-195860.html
<![CDATA[RNS press release - Symphony Director on Sky News ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180420070003_13611896/ Fri, 20 Apr 2018 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180420070003_13611896/ <![CDATA[News - Symphony Environmental's deputy chairman hopes UK government will make biodegradable plastic compulsory ]]> https://www.proactiveinvestors.com.au/companies/news/195441/symphony-environmental-s-deputy-chairman-hopes-uk-government-will-make-biodegradable-plastic-compulsory-195441.html Michael Stephen, deputy chairman of Symphony Environmental Technologies plc (LON:SYM) has said he hopes that the UK will soon join other countries and make oxo-biodegradable plastic technology (OBP) compulsory.

In a statement, the company noted that Stephen made the comments in an interview with Sky News on Thursday, in response to the announcement that the UK Government is considering banning single-use plastic items such as plastic straws, stirrers and cotton buds, having been asked if this initiative goes far enough.

READ: Symphony Environmental says 86% of UK adults would be happy to use oxo-biodegradable plastic

He replied that there has been concern for a long time that conventional plastic can lie or float for many decades, but plastic could now be upgraded with oxo-biodegradable technology which will make the plastic degrade and biodegrade if it escapes into the open environment as litter.

He added that such plastic will then be recycled back into nature by the micro-organisms which live on land and in the oceans.

“It can be made in plastic factories with their existing machinery and workforce at a little or no extra cost,” Stephen explained.

He also added that Symphony’s CEO Michael Laurier had attended the Commonwealth Heads of Government Conference this week and explained the technology to delegates from all over the Commonwealth.

Symphony hopes that the UK will soon join other countries and makes this new technology compulsory and is currently explaining the technology to DEFRA and the Treasury.

 

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Fri, 20 Apr 2018 07:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195441/symphony-environmental-s-deputy-chairman-hopes-uk-government-will-make-biodegradable-plastic-compulsory-195441.html
<![CDATA[RNS press release - Posting of Accounts and Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180419070002_13610151/ Thu, 19 Apr 2018 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180419070002_13610151/ <![CDATA[RNS press release - Results of YouGov survey ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180418070005_13608480/ Wed, 18 Apr 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180418070005_13608480/ <![CDATA[News - Symphony Environmental says 86% of UK adults would be happy to use oxo-biodegradable plastic ]]> https://www.proactiveinvestors.com.au/companies/news/195221/symphony-environmental-says-86-of-uk-adults-would-be-happy-to-use-oxo-biodegradable-plastic-195221.html Symphony Environmental Technologies plc (LON:SYM) said a YouGov survey commissioned by the company has revealed that 86% of UK adults would be happy to use oxo-biodegradable plastic instead of their usual plastic.

The AIM-listed firm said the report - which surveyed a representative sample of 2,107 people across the UK - was designed to measure the public’s awareness, knowledge and desire to take action against plastic pollution, which is now a worldwide problem.

READ: ‘Autumnwatch’ star Chris Packham gets behind Symphony Environmental Technologies

The YouGov survey also revealed that 90% of UK adults would support treating everyday plastic items with oxo-biodegradable technology and 88% would support the UK government legislating to make the use of oxo-degradable plastic a legal requirement, as other governments have done.

Michael Laurier, CEO of Symphony, commented: “The results of this survey show the public are overwhelming in favour of taking positive action to reduce the amount of plastic litter in the open environment and believe that the Government needs to take decisive action and legislate for oxo-bio plastic technology.”

The report coincided with a seminar arranged by Symphony to raise awareness of oxo-biodegradable technology, which, unlike ordinary plastic, will break down over time in the presence of oxygen.

Chris Packham, an environmentalist and presenter of BBC’s Autumnwatch was the guest speaker at the seminar and talked about the danger that plastic littler poses to wildlife and the benefits of oxo-biodegradable plastics.

Symphony's CEO also presented at a forum at the Commonwealth Heads of Government Meeting on April 17 discussing how smarter plastics can impact in the battle against plastic pollution.

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Wed, 18 Apr 2018 07:37:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195221/symphony-environmental-says-86-of-uk-adults-would-be-happy-to-use-oxo-biodegradable-plastic-195221.html
<![CDATA[News - Symphony Environmental can help solve world’s plastic problem ]]> https://www.proactiveinvestors.com.au/companies/news/195141/symphony-environmental-can-help-solve-worlds-plastic-problem-195141.html Plastic pollution of the open environment is a worldwide problem and the reason why campaigners around the world are wanting to ban or tax plastic bags.

In January, the European Union revealed plans for all plastic packaging on the EU market to be recyclable by 2030.

In January, Theresa May unveiled a plan to eliminate all avoidable plastic waste by 2042.

WATCH: Pakistan’s plastic pollution push ‘a major step forward’, says Symphony Environmental

Symphony Environmental Technologies plc (LON:SYM) believes it has a solution with its biodegradable plastics additive, d2w.

The company has developed and produces this controlled-life plastic, the only product of its type to be awarded an internationally-recognised eco-label.

The d2w masterbatch is added at the plastic manufacturing stage, and product containing d2w behaves like a conventional product.

After its service life, the bag or packaging may end up in the open environment.

The d2w then takes effect and the product begins to degrade in the presence of oxygen, to eventually nothing more than carbon dioxide, water and biomass.

“This technology is available. It works. It is not expensive and does not interrupt the supply chain,” said Bob Wigley, a non-executive director of Symphony. 

Scientists at the Technical Research Institute of Sweden and the Swedish University of Agricultural Science found that plastic products with d2w had 91% biodegradation within 24 months.

More countries to adopt biodegradable plastic

Worry over the amount of waste plastic and especially microbeads in the environment has seen some countries make oxo-biodegradable plastic additives compulsory.

In April, Symphony welcomed news that the authorities in Pakistan's Sindh province are to get tough on polluters.

The Supreme Court of the Sindh Province ordered the government to enforce The Sindh Environmental Protection Act and that the police have been directed to act against those who violate it.

 “There are 11 governments that have now made it law that if you want to manufacture plastic in their country or import plastic to their country you have to incorporate an additive like d2w in it,” said Wigley.

Michael Stephen, deputy chairman of Symphony, said that the flaw with recycling plastic is that once it has escaped into the open environment, and especially into the oceans, it can’t be collected for recycling.

“For this reason, we should stop using old-fashioned plastic,” he told Sky News.

A public-opinion poll by YouGov found that 88% of people would support UK’s transition to biodegradable plastic.

Ongoing growth

Symphony’s results reflect the increase interest in biodegradable plastic. Company’s revenues rose 22% to £8.3mln in 2017 from £6.8mln a year ago, while underlying profits before R&D jumped 58% to £1.2mln from £0.76mln.

Pre-tax profit soared by 250% to £430,000 even after an additional £110,000 spent on research to £625,000.

Most of the revenues still derive from d2w and are earned mainly outside of the EU and the United States.

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Tue, 17 Apr 2018 10:56:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195141/symphony-environmental-can-help-solve-worlds-plastic-problem-195141.html
<![CDATA[News - 'Autumnwatch' star Chris Packham gets behind Symphony Environmental Technologies ]]> https://www.proactiveinvestors.com.au/companies/news/195073/-autumnwatch-star-chris-packham-gets-behind-symphony-environmental-technologies-195073.html Chris Packham, presenter of BBC’s ‘Autumnwatch’ and ‘Springwatch’, has urged the UK government to get behind a solution to the world’s plastic waste problem.

That solution is Symphony Environmental Technologies plc (LON:SYM), a company that has designed an oxo-biodegradable plastic (OBP) that breaks down over time in the presence of oxygen.

Unlike regular plastic that fragments and lies around for decades, the OBP – called d2w -  eventually biodegrades in the open environment in the same way as a leaf.

Speaking at an event in London to raise awareness on Symphony's efforts to tackle the rise of plastic waste on Monday, Packham said d2w presents an opportunity to help solve the issue and should not be ignored by the government.

The environmentalist explained the day he first realised the impact plastic waste was having on the oceans and its species – 25 years ago a Leatherback sea turtle had died and washed up on the south coast of Wales.

An autopsy revealed that the turtle’s stomach was so full of plastic that it had starved to death. Turtles often mistake plastic for jellyfish, which is part of their diet. 

The UK government announced over the weekend that it has earmarked £61.4mln to fight rising plastic pollution and called on the 52 leaders of Commonwealth countries to assist in research and improving their waste management.  

But Packham criticised the government for not doing enough and for setting targets that he may not live to see reached. 

“They are passing on the buck to the next government,” he said, adding that Symphony has a “unique” type product that is part of a “portfolio of solutions” to help improve the environment by reducing, reusing, redesigning and recycling plastic.

Packham acknowledged that the world has become to rely on plastic so getting rid of it all together was not a feasible option. 

And for those less concerned about the impact of plastic on the animals that mistakenly consume it, Packham pointed out that humans are now eating it too.

When plastic breaks down into microplastics in the ocean, fish consume it and consequently so do we.

“If you can’t look after the broader environment, you can’t look after yourself,” Packham said. 

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Mon, 16 Apr 2018 16:03:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195073/-autumnwatch-star-chris-packham-gets-behind-symphony-environmental-technologies-195073.html
<![CDATA[RNS press release - Oxo-biodegradable plastic legislation ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180410070005_13597803/ Tue, 10 Apr 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180410070005_13597803/ <![CDATA[Media files - Pakistan's plastic pollution push 'a major step forward', says Symphony Environmental ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9031/pakistan-s-plastic-pollution-push-a-major-step-forward-says-symphony-environmental-9031.html Tue, 10 Apr 2018 15:17:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9031/pakistan-s-plastic-pollution-push-a-major-step-forward-says-symphony-environmental-9031.html <![CDATA[News - Symphony Environmental welcomes 'get tough' measures on plastic pollution in Pakistan ]]> https://www.proactiveinvestors.com.au/companies/news/194586/symphony-environmental-welcomes-get-tough-measures-on-plastic-pollution-in-pakistan-194586.html Symphony Environmental Technologies plc (LON:SYM) has welcomed news that the authorities in Pakistan's Sindh province are to get tough on polluters.

Reports from Pakistan indicate that the Supreme Court of the Sindh Province has ordered the government to enforce The Sindh Environmental Protection Act and that the police have been directed to take action against those who violate it.

READ: Symphony Environmental lifted by showcase at United Nations HQ

The legislation prohibits any person from importing, manufacturing, stockpiling, trading, supplying, distributing or selling any scheduled plastic product that is non-degradable.

Symphony, which has developed a biodegradable plastics additive (dw2), noted that the scheduled plastic products in the Sindh province, which includes Pakistan’s largest city, Karachi, must be oxo-biodegradable. Furthermore, the pro-degradant used must be approved by the Environmental Protection Agency.

"This is another important step-forward for Symphony's d2w oxo-biodegradable plastic technology, which is a pro-degradant approved for use in Sindh Province,” declared Michael Laurier, the chief executive officer of Symphony.

“Oxo-biodegradable technology must now be used for all types of flexible plastic packaging and disposable plastic products made of polythene and polypropylene and used for food and non-food items. The provincial roll-out and enforcement of legislation in Pakistan requiring the use of oxo-biodegradable plastic products has been slow and we are delighted that Sindh Province is now taking this more robust approach," Laurier said.

Legislation making it mandatory to switch to oxo-biodegradable plastic has also been passed elsewhere in Pakistan, including Islamabad (population of around 2mln); Azad Jammu & Kashmir (population circa 4.0 million), and Khyber-Pakhtunkhwa (population circa 30.5 million), in addition to Sindh Province (population circa 47.9 million).

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Tue, 10 Apr 2018 07:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194586/symphony-environmental-welcomes-get-tough-measures-on-plastic-pollution-in-pakistan-194586.html
<![CDATA[RNS press release - Remarks Delivered at 2018 ECOSOC Partnership Forum ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180409081034_13595992/ Mon, 09 Apr 2018 17:10:34 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180409081034_13595992/ <![CDATA[News - Symphony Environmental lifted by showcase at United Nations HQ ]]> https://www.proactiveinvestors.com.au/companies/news/194497/symphony-environmental-lifted-by-showcase-at-united-nations-hq-194497.html Bob Wigley, a non-executive director of Symphony Environmental Technologies plc (LON:SYM) addressed the 2018 Economic and Social Council Partnership Forum last week on plastic pollution.

Wigley noted that 11 countries have adopted oxo-biodegradable plastic technology, with the most recent convert being Saudi Arabia.

READ Saudi Arabia gives Symphony Environmental's future a big boost

Wigley noted that some governments have recently moved on from encouraging the recycling and reuse of plastic – treating the symptoms – to reducing the among of plastic used in the first place – treating the cause of the symptoms.

“There is another option, which is removing plastic from the environment. The problem is that more than half of waste plastic ends up in the environment and we are not doing anything about it. That, in turn, causes the problem in the oceans as well as problems for politicians, because litter is lying around and citizens, understandably get cross about it,” Wigley told attendees of the forum, which was held at the United Nations headquarters in New York.

“There is a technology available today, called oxo-biodegradation, which has one, utterly unique, characteristic. Plastic is not water absorbent, it is water resistant. Oxo-biodegradation makes plastic water absorbent. When the plastic absorbs water, it basically absorbs organisms, which bio-assimilate that plastic back into the environment as harmless carbon molecules,” Wigley explained, before going to express exasperation that more governments have yet to adopt this technology.

“This technology is available. It works. It is not expensive and does not interrupt the supply chain. Again, if any member state is interested to learn more, we will share the experiences and how you can adopt it and use it in your own member states," Wigley told the attendees.

Shares in Symphony were up 4.4% at 23.5p in early deals.

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Mon, 09 Apr 2018 08:53:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194497/symphony-environmental-lifted-by-showcase-at-united-nations-hq-194497.html
<![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180406070004_13594237/ Fri, 06 Apr 2018 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180406070004_13594237/ <![CDATA[RNS press release - Director Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180322103510_13577321/ Thu, 22 Mar 2018 21:35:10 +1100 https://www.proactiveinvestors.com.au/companies/rns/972/LSE20180322103510_13577321/