Business
TRADING & PRODUCT CLARIFICATION
TRADING & PRODUCT CLARIFICATION.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 0139O Symphony Environmental Tech. PLC 12 September 2011 \n \n\n \n12 September 2011 \n \nSYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC\n \nTRADING & PRODUCT CLARIFICATION \n \nA press article on 8th September reported that \"one of Symphony's biggest customers, has decided to stop using oxo-degradable plastic bags.\"\nSymphony wishes to make it clear that this information is incorrect. The customer referred to has never been one of Symphony's biggest customers.\nSymphony is not in any event dependent on the UK market. Symphony is now a global company, working in 92 countries through a network of 67 Distributors, and the markets for the company's technologies are expanding. Moreover, Symphony's d2w is used in a wide range of applications - not just shopping bags.\nThe main reason for attacks on plastic shopping bags is that plastic can lie or float around in the open environment for decades, but this problem can be solved at very low cost by including Symphony's d2w at manufacture. d2w converts ordinary plastic at the end of its useful life into a biodegradable material. It also passes the international standard tests to confirm that it is not toxic. \nThe article also mentions that oxo-biodegradable plastic will not degrade in landfill, but Symphony does not claim degradation in landfill - which is not necessary or desirable. The environmental benefit of d2w is for the plastic waste which gets out into the open environment, from which it cannot realistically be collected - and for which the UK government currently has no policy. \n-ENDS-\nSymphony\nMichael Laurier, CEO ...