Danimer Scientific VP Keith Edwards to Join Department of Energy-Hosted Sustainable Chemistry Roundtable

Rhea-AI Summary

Danimer Scientific (NYSE: DNMR) VP Keith Edwards participated in the Sustainable Chemistry in R&D to Transform the Chemicals Industry Roundtable in Arlington, Virginia. This event aimed to address the decarbonization of the chemicals sector and promote environmental justice. Edwards emphasized the importance of renewable biopolymers in achieving the Biden Administration's target of net-zero greenhouse gas emissions by 2050. He highlighted the chemicals industry's significant role in CO2 emissions and the need for innovation and federal investment to support sustainable chemistry technologies. Danimer aims to enhance its renewable biopolymers for a circular economy.

Positive

• Keith Edwards represented Danimer at a significant roundtable focusing on sustainable chemistry.
• Danimer's commitment to renewable biopolymers aligns with federal decarbonization goals.

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• None.

Edwards will join other chemicals sector value chain leaders for discussion aimed at achieving chemicals sector decarbonization and environmental justice

BAINBRIDGE, Ga.--(BUSINESS WIRE)-- Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”) vice president of business development Keith Edwards will join other leaders from across the chemicals sector value chain today at the Sustainable Chemistry in RD&D to Transform the Chemicals Industry Roundtable. The event, co-hosted by the U.S. Department of Energy’s (DOE’s) Office of Energy Efficiency and Renewable Energy (EERE) Industrial Efficiency and Decarbonization Office (IEDO) and the Green Chemistry & Commerce Council (GC3), will take place in Arlington, Virginia.

Edwards will join a broad mix of stakeholders from industry, government, national labs and small businesses at the roundtable to voice their perspectives on technical and financial opportunities and barriers to sustainable chemistry RD&D, with the aim of achieving chemicals sector decarbonization and environmental justice. The input gained from this roundtable will help the IEDO identify where federal investment is needed to accelerate the commercial readiness of emerging and environmentally just sustainable chemistry technologies and practices.

“I’m pleased to be representing Danimer as we join with the U.S. Department of Energy and key stakeholders at this roundtable to contribute to sustainable chemistry growth,” Edwards said. “The ambitious target set by the Biden Administration to achieve net-zero greenhouse gas (GHG) emissions by 2050 is only possible through embracing renewable chemistry across many industrial sectors. Biobased and annually renewable sources of raw materials can both transform the current chemical industry’s environmental footprint and contribute to growth of rural economies and STEM-related jobs. Danimer is committed to growing renewable biopolymers and working with all stakeholders to help achieve the ambitious targets and our transition to a circular economy.”

In 2020, the industrial sector accounted for 30% of U.S. primary energy-related CO₂ emissions, with chemicals being the largest emitter of all subsectors. Despite billions of dollars in public funds being devoted to industrial decarbonization through the Bipartisan Infrastructure Law and the Inflation Reduction Act, the complexity of the industrial sector means that it faces unique decarbonization challenges.

For more information, please visit www.DanimerScientific.com.

About Danimer Scientific

Danimer is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films and injection-molded articles, among others. Danimer holds more than 430 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information, visit www.DanimerScientific.com.

Forward‐Looking Statements

Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company's customers; the Company's ability to implement its business strategy, including, but not limited to, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers, as well as consumer demand for our products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact on our business, operations and financial results from the ongoing conflict in Ukraine; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company's ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, our information systems; the ability of our information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; our ability to properly maintain, protect, repair or upgrade our information technology systems or information security systems, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230307005496/en/

For Danimer:

Investors

ir@danimer.com

Phone: 229-220-1103



Media

jhoughton@daltonagency.com

Phone: 615-515-4892

Source: Danimer Scientific, Inc.

FAQ

What event did Danimer Scientific's VP Keith Edwards attend?

Keith Edwards attended the Sustainable Chemistry in R&D to Transform the Chemicals Industry Roundtable.

What is Danimer's commitment regarding renewable biopolymers?

Danimer is committed to enhancing renewable biopolymers to achieve environmental sustainability and support federal decarbonization targets.

How does the chemicals sector impact CO2 emissions?

The chemicals sector is a major contributor to CO2 emissions, accounting for a significant portion of U.S. primary energy-related emissions.

What are the objectives of the roundtable attended by Keith Edwards?

The roundtable aims to identify barriers and opportunities for sustainable chemistry R&D to promote decarbonization and environmental justice.

How does Danimer Scientific contribute to environmental justice?

Danimer focuses on creating biodegradable and compostable products through renewable biopolymers, contributing to environmental sustainability.