Bio-on - Cristal Union: agreement to realise the first France-based facility for producing PHAs biopolymers from sugar beet c...
July 28 2015 - 02:58AM
PRESS RELEASE
Bio-On S.p.A.
- Cristal Union
Agreement to
realise the first France-based facility for producing PHAs
biopolymers from sugar beet co-products
Paris, 28 July
2015 - An agreement signed today by Bio-on
and Cristal Union will see France's first
facility for the production of PHAs bioplastic from sugar beet
co-products. The two companies, operating in
sustainable biochemistry and sugar, alcohol and bioethanol
production, will work together to build a production site with a 5
thousand tons/year output, expandable to 10 thousand tons/year.
Requiring a 70 million Euro
investment, the facility will be located at a Cristal Union site
and will be the most advanced biopolymers production site in the
world. The new factory will create 50 new jobs specialised in
fermentation to produce this revolutionary bioplastic.
PHAs, or polyhydroxyalkanoates,
are bioplastics that can replace a number of traditional polymers
currently made with petrochemical processes using hydrocarbons. The
PHAs developed by Bio-on guarantee the same thermo-mechanical
properties with the advantage of being completely naturally
biodegradable.
"We are investing in purchasing
the license for this new technology developed by Bio-on," says
Cristal Union CEO
Alain Commisaire, "because this all-natural
bioplastic is an extraordinary tool that can contribute
towards the growth of the French sugar industry, but with a modern,
eco-compatible and eco-sustainable approach".
"We will create Europe's first
PHAs production facility with France's leading sugar production and
trading company," explains Bio-on S.p.A.
Chairman Marco Astorri. "We have granted the
first technological license in line with our expectations and will
also be creating a cutting-edge collaboration for management and
development of the promising high-performing biopolymers business
developed by Bio-on S.p.A. and produced in
France by Cristal Union".
The collaboration between Bio-on
and Cristal Union today reaches an important milestone and adds
another building block in the construction of the platform for
bioplastic production in the future.
Cristal
Union.
Cristal Union, the EU's fourth
largest sugar beet transformer with 14 million tonnes
processed, is an agro-industrial cooperative group which accounts
for approximately 40% of French beet production, encompassing 2,000
employees and 9,000 partners in over 15 production sites in France
(10 sugar factories, 3 distilleries and 2 other sites). Pursuing an
ambitious, committed investment policy since its foundation, within
an RSE strategy, the group plies two long-standing trades: sugar
for industry and foodstuffs (Daddy, Truvia and
Erstein brands), alcohol and ethanol (fuel,
industries, perfumes, cosmetics, food, preserved in alcohol)
but also for new activities in the sector of green energies or
biobased chemistry, heralding a great future and adding value to
the work of its partners.
Turnover: 1.8 billion Euro
http://www.cristal-union.fr
Nathalie Franzoni
Directrice de la Communication
Téléphone : 01 42 99 01 68
Courriel : nfranzoni@cristal-union.fr
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 in terms of
performance, thermo-mechanical properties and versatility. Bio-on
PHA is a bioplastic that can be classified as 100% natural and
completely biodegradable: this has been certified by Vincotte and
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
Bio-on S.p.A.
via Dante 7/b
40016 San Giorgio di Piano (BO)
Marco Astorri
Tel: +39 051 893001
info@bio-on.it
Nomad
EnVent S.p.A.
Via Barberini, 95
00187 Roma
Paolo Verna
Tel: +39 06 896.841
pverna@envent.it
Specialist
Banca Finnat Euramerica S.p.A.
Piazza del Gesù, 49
00186 Roma
Lorenzo Scimia
Tel: +39 06 69933446
Fax: +39 06 6791984
l.scimia@finnat.it
Bio-on S.p.A. – Cristal Union
EN
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#1941611
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