Danimer Scientific Inc - DNMR STOCK NEWS

Danimer Scientific's subsidiary, Meredian Bioplastics, has been invited by the U.S. Department of Energy's Loan Programs Office into the due diligence and term sheet negotiation process for a loan guarantee. This could assist in funding the company's capacity expansion efforts to bring more biodegradable materials to the market.

Danimer Scientific, Inc. (NYSE: DNMR) announced its financial results for the second quarter of 2023. The company also announced the acceptance of its Part II Application by the U.S. Department of Energy (DOE) under the Title XVII Loan Guarantee. If successful, this could lead to funding for the construction of its manufacturing facility in Georgia. Revenues for the second quarter grew to $12.9 million, driven by stronger sales of PHA-based resins. Gross profit was $(6.6) million, and net loss was $(39.2) million. The company reported a total debt balance of $377.8 million.

Danimer Scientific, Inc. will release its second quarter 2023 financial results on August 8, 2023. A webcast and conference call will be held to review the results and discuss recent events.

Danimer Scientific, a leading bioplastics company, will release its Q1 2023 financial results on May 10. A webcast and conference call will be held to review the results and discuss recent events.

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.