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Danimer Scientific, Inc. (DNMR) is a leading innovator in the bioplastics industry, specializing in the production of sustainable and renewable biopolymers. Located in Bainbridge, Georgia, Danimer is at the forefront of developing biodegradable and compostable polymers, notably Polyhydroxyalkanoates (PHA) under the proprietary brand name, Nodax.
This innovative company transforms natural, renewable resources, such as cold-pressed canola oil, into high-performance bioplastics. These bioplastics match or surpass the quality and cost-effectiveness of traditional petroleum-based plastics, offering a greener alternative that reduces environmental impact.
Danimer's products are capable of biodegrading in environments such as soil, freshwater, and marine waters, thereby helping to combat plastic pollution. The company's technology is utilized in a broad range of applications, including additives, aqueous coatings, fibers, filaments, films, and injection-molded articles.
Beyond its core business of biopolymer production, Danimer also provides specialty toll manufacturing services. This includes access to state-of-the-art production equipment, advanced laboratories, comprehensive material handling and logistics, and a team of experienced, trained personnel.
The company's operations are not confined to the United States, although it remains the primary market. Danimer also has a significant presence in Europe, including Germany, Poland, and Belgium.
Danimer's continuous efforts in innovation and sustainability have earned it numerous partnerships with global brands looking to incorporate environmentally responsible materials into their products. With a commitment to reducing the world's reliance on non-renewable resources, Danimer is paving the way towards a more sustainable future.
Danimer Scientific (NYSE: DNMR) and TotalEnergies Corbion have developed a new compostable coffee pod biopolymer that complies with proposed EU packaging regulations. This innovative formulation combines Danimer’s Nodax® and TotalEnergies’ Luminy® PLA material, which has been certified by TUV as home compostable. With an estimated 550 million pounds of plastic used for single-use coffee pods in Europe annually, this collaboration aims to address the problem of plastic waste. The product is currently being tested in the market by European companies. CEO Stephen Croskrey will also ring the closing bell at the New York Stock Exchange to celebrate the announcement and mark the beginning of Earth Week.
Danimer Scientific (NYSE: DNMR) announced that CEO Stephen Croskrey will ring the closing bell at the New York Stock Exchange on April 17 at 4 p.m. EST, coinciding with the start of Earth Week. This event underscores Danimer's commitment to environmental sustainability through its 100% compostable alternatives to conventional plastics, aimed at addressing the plastic waste crisis. The company released its 2022 ESG report, which is available for download on its website. Danimer is known for its innovative polymer, Nodax (TM) PHA, made from canola oil that is fully biodegradable and renewable. Since trading under the DNMR ticker starting December 30, 2020, Danimer has focused on producing sustainable plastic products while holding over 430 patents globally.
Danimer Scientific, Inc. (DNMR) announced its fourth-quarter and full-year financial results for 2022, aligning with previous guidance. Key highlights include a net loss of $28.1 million for Q4 and a total revenue of $53.2 million for the year. PHA-related sales grew 34%, comprising 53% of total revenue. The Kentucky facility, now fully operational, is expected to produce 65 million pounds of finished resin, generating approximately $190 million in estimated revenues. Looking ahead, the company anticipates improved Adjusted EBITDA for 2023, projecting a range of $(23) million to $(31) million, driven by revenue growth and enhanced operational efficiency.
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