HydroGraph PET Test Results Show Improved Plastic Performance
- Positive test results show an increased elasticity of 22% and strength at breaking by 114% from virgin PET, with 13% to 15% increased strength at yield.
- Potential 10% to 15% reduction in material for bottles could lead to significant energy savings for manufacturers.
- HydroGraph's graphene, FGA-1, with 99.8% pure carbon content, shows promise in enhancing plastic performance and sustainability efforts.
- Exploration of other benefits like recyclability and barrier properties, as well as potential to boost strength of recycled material, are part of future research.
- The global economy's challenge in eliminating plastic waste drives companies to seek innovative solutions like HydroGraph's graphene technology.
- None.
Patented pristine graphene can drive sustainability efforts of plastics industry
TORONTO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- HydroGraph Clean Power Inc. (CSE: HG) (OTCBQ: HGCPF) (the “Company” or “HydroGraph”), one of five certified graphene manufacturers in the world, today announced that positive test results from its research in combining its proprietary graphene with polyethylene terephthalate (PET) -- the plastic resin commonly used to make water and soda bottles, clamshell food packaging and clothing fibers – improves plastic’s performance and could reduce material in plastic bottles by
Many major corporations have committed to decreasing the use of disposable plastics in their products, aligning with consumer preferences and emerging legislation. However, the global economy may face challenges in completely eliminating plastic, leading companies to explore innovative methods to improve the lifespan of plastics. Testing was done to assess if HydroGraph’s
“Right now, we’re looking at a potential
By having
Virgin PET pellets from China average US
“The global PET market is a huge opportunity for us,” said Stuart Jara, HydroGraph’s CEO. “International annual production is approximately 87 million tons, and based on these results, we project having a
Testing was done at the Graphene Engineering Innovation Centre (GEIC) at the University of Manchester, which specializes in the rapid development and scale-up of graphene and other 2D materials applications. HydroGraph has been regularly featured as a key component in Greater Manchester’s US
“We are pleased to have collaborated with HydroGraph on this project undertaken at the GEIC involving graphene in PET,” said James Baker, CEO of Graphene@Manchester. “HydroGraph's leadership and vision in this opportunity has been instrumental, and we are delighted to support their efforts every step of the way. The successful outcomes achieved underlines the efficacy of our partnership and also demonstrates the capabilities of our team here at GEIC. As HydroGraph continues to scale up this process and pursue FDA approval, we are confident that this again demonstrates the potential for graphene in enhancing a range of applications.”
The global graphene market was valued at US
ABOUT HYDROGRAPH
HydroGraph Clean Power Inc. was founded in 2017 to fund and commercialize green, cost-effective processes to manufacture high-purity graphene, and other strategic nanomaterials in bulk. Publicly listed on the Canadian Securities Exchange in December 2021, the Company acquired the exclusive license from Kansas State University to produce both graphene and hydrogen through its patented detonation process. More information about the Company and its products can be found on the HydroGraph website: www.hydrograph.com. For company updates, please follow HydroGraph on LinkedIn and Twitter.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
CONTACTS
HydroGraph Investor Relations Contact
Salisha Ilyas, Target IR
salisha@targetir.com
Bob Wowk, HydroGraph CFO
bob.wowk@hydrograph.com
908.627.1315
Media Contact
Kristin Schaeffer
kristin@amfmediagroup.com
Forward-Looking Statements
This release contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “upon” “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information include but are not limited to: the timing of trading of the Company’s common shares on the OTCQB, the potential benefits of listing on the OTCQB, the statements in regards to existing and future products of the Company; the ability to successfully scale the commercialization of the products, the Company’s plans and strategies.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of HydroGraph to control or predict, that may cause HydroGraph’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: HydroGraph’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. HydroGraph does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.
No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
____________________
1 https://www.made-in-china.com/products-search/hot-china-products/Virgin_Pet_Pellets_Price.html
2 https://phys.org/news/2009-03-energy-bottle.html
3 https://www.earthday.org/fact-sheet-single-use-plastics/
4 https://www.fortunebusinessinsights.com/graphene-market-102930
FAQ
How does HydroGraph's graphene improve PET resin performance?
What potential reduction in material for plastic bottles was mentioned in the PR?
What are the future research areas mentioned in the PR regarding HydroGraph's graphene?
How could manufacturers benefit from the reduction in material for bottles?