Business
Positive DEFRA consultation
Positive DEFRA consultation.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7859T\n Symphony Environmental Tech. PLC\n 29 November 2021\n \n \n \n \n This is a Reach announcement. Reach is an investor-communication service aimed at assisting listed companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.\n \n \n \n \n \n New UK Government consultation:\n \n \n oxo-biodegradable not listed as a \"problematic plastic\"\n \n \n \n \n \n Symphony Environmental Technologies (AIM:SYM), global specialists in technologies that make plastic and rubber products \"smarter, safer and more sustainable\", is pleased \n that DEFRA (the UK government department for \n Environment, Food and Rural Affairs)\n \n has NOT listed oxo-biodegradable plastic\n \n in its November 2021 public consultation \n as a \n \"frequently littered and problematic plastic.\" \n The Scottish Government has likewise issued draft Regulations in November which do not list oxo-biodegradable plastic. Symphony views this as a major step in the right direction.\n \n \n Symphony is also encouraged that the UK Government has given grants for the development of oxo-biodegradable technology (sometimes described as biotransformation), demonstrating an understanding that these technologies can reduce the problem of plastic litter which does not get collected for recycling. \n \n \n The British Royal Family has also shown support. HRH The Prince of Wales has visited a facility developing biotransformation technology, and Symphony is a subscriber to the Prince's \"Terra Carta\" Sustainable Markets Initiative. \n \n \n DEFRA and the Scottish Government have now seen the evidence from \n the four-year Oxomar study sponsored by the French government proving that oxo-biodegradable plastics do biodegrade, even in the oceans, much more efficiently than conventional plastics. They have also seen the study by Queen Mary University London \n showing that the biodegradation of LDPE (low-density polyethylene) containing Symphony's d2w was 90\n ‐\n times greater than ordinary LDPE after 35 days. They are\n \n also aware that the European Chemicals Agency, after ten months' study was not convi...