Danimer Scientific and Chevron Phillips Chemical Deepen Collaboration for Biodegradable Polymer Development
Portfolio Pulse from Benzinga Newsdesk
Danimer Scientific, Inc. (NYSE:DNMR) is expanding its collaboration with Chevron Phillips Chemical to explore development and commercialization of various products using Rinnovo™ polymers. Rinnovo™ is a type of polyhydroxyalkanoate synthesized from lactones produced using Danimer's proprietary Novo22™ catalyst technology, which can be used in the production of biodegradable alternatives to traditional plastics.
September 20, 2023 | 11:06 am
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The expanded collaboration with Chevron Phillips Chemical for the development of biodegradable products using Rinnovo™ polymers could potentially boost Danimer Scientific's market position and revenues.
The expanded collaboration with Chevron Phillips Chemical signifies a potential increase in the production and commercialization of Danimer's biodegradable products. This could lead to increased revenues and a stronger market position for the company, positively impacting its stock price in the short term.
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