Bio-on: Biodegradable plastics from biodiesel production by-products
June 16 2015 - 2:34AM
PRESS RELEASE
Bio-On
S.p.A.
Biodegradable
plastics from biodiesel production by-products
Bologna, 16 June
2015 - Bio-on S.p.A., the leader in eco-sustainable chemical
technologies, announces its completion of another phase in the
development of the technology for making PHAs from glycerol and
today stands ready to grant licenses for this new technology to
realise the first PHAs bioplastic production plants using biodiesel
by-products.
Glycerol, also known as crude
glycerol, is a waste product of biodiesel production and is present
in large quantities around the world. Europe produces approximately
4 million tons per year - a figure that is constantly increasing.
Its use as crude glycerol is problematic and over-production has
caused its value to slump. In recent years, Bio-on has developed a
technology for using crude glycerol in the production of
high-performing PHAs biopolymers (described at IPO). This
interesting by-product is added to others developed by Bio-on
obtained from sugar beet, sugar cane and potatoes.
Bio-on technology now enables
production facilities producing from 2,000 tons/year to 10,000
tons/year of PHAs to be realised. PHAs, or polyhydroxyalkanoates,
are bioplastics that can replace a number of traditional plastics
currently made with petrochemical processes using hydrocarbons.
PHAs guarantee the same thermo-mechanical properties with the
advantage of being completely naturally biodegradable.
"It is a great
scientific and engineering achievement in the bioplastics world,"
explains Bio-on S.p.A. Chairman Marco Astorri,
"because it shows that it is possible to transform a new waste
product such as glycerol into a raw material, expanding concepts
such as biodegradability and eco-sustainability with innovative,
advanced plastics. It's an important step in the affirmation of PHA
in the latest-generation plastics market. The intuition of
Bio-on, always looking for new waste materials
to develop high-performing biopolymers, adds a new "ingredient" to
the construction of the Italian green chemical industry," says
Astorri, "and it enables crude glycerol to be
processed directly, without the need for refinement, in order to
make high-performing PHAs biopolymers".
Current crude
glycerol production represents a by-product equal to 10% of
biodiesel production from transesterification processes.
BIO-ON
S.p.A.
Bio-On S.p.A., an Italian
Intellectual Property Company (IPC), operates in the bioplastic
sector conducting applied research and development of modern
bio-fermentation technologies in the field of eco-sustainable and
completely naturally biodegradable materials. In particular, Bio-On
develops industrial applications through the creation of product
characterisations, components and plastic items. Since February
2015, Bio-On S.p.A. has also been operating in the development of
natural and sustainable chemicals for the future. Bio-On has
developed an exclusive process for the production of a family of
polymers called PHAs (polyhydroxyalkanoates) from agricultural
waste (including molasses and sugar cane and sugar beet syrups).
The bioplastic produced in this way is able to replace the main
families of traditional plastics (PE, PP, PC, etc.) in terms of
performance, thermo-mechanical properties and versatility. The
Issuer's PHA is a bioplastic that can be classified as 100% natural
and completely biodegradable: this has been certified in Europe by
Vincotte and in the US by USDA (United States Department of
Agriculture). The Issuer's strategy envisages the marketing of
licenses for PHAs production and related ancillary services, the
development of R&D (also through new collaborations with
universities, research centres and industrial partners), as well as
the realisation of industrial plants designed by Bio-On. The
alphanumeric codes for ordinary shares "ON" IT0005056236, for
ordinary shares "ON" with bonus share IT0005056228 and for warrants
"WARRANT Bio-On 2014-2017" IT0005056210. The minimum unit of
trading envisaged by the Italian Stock Exchange is 250 shares.
Company Nomad is EnVent S.p.A.. Banca Finnat Euramerica S.p.A. acts
as company specialist.
For further information:
Issuer |
Nomad |
Bio-On S.p.A. |
EnVent S.p.A. |
via Dante 7/b |
Via Barberini, 95 |
40016 San Giorgio di Piano (BO) |
00187 Rome |
Marco Astorri |
Paolo Verna |
Tel: +39 051 893001 |
Tel: +39 06 896.841 |
info@bio-on.it |
pverna@envent.it |
Specialist
Banca Finnat Euramerica S.p.A.
Piazza del Gesù, 49
00186 Rome
Lorenzo Scimia
Tel: +39 06 69933446
Fax: +39 06 6791984
l.scimia@finnat.it
Press release (PDF)
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Bio-on via Globenewswire
HUG#1928719
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