The Future Of Plastics Gets Greener: Danimer And Chevron Phillips Extend Partnership For Biodegradable Alternatives
Portfolio Pulse from Shivani Kumaresan
Danimer Scientific Inc (DNMR) is expanding its collaboration with Chevron Phillips Chemical (CPChem) to explore the development and commercialization of various products using Rinnovo polymers. Rinnovo, synthesized from lactones using Danimer's proprietary Novo22 catalyst technology, can be used in the production of biodegradable alternatives to traditional plastics. DNMR shares are trading higher by 2.69% at $1.91.
September 20, 2023 | 2:40 pm
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POSITIVE IMPACT
Danimer's expanded partnership with CPChem for the development of biodegradable alternatives to traditional plastics could potentially boost its market position and share value.
The expanded partnership with CPChem allows Danimer to further explore and commercialize biodegradable alternatives to traditional plastics. This could potentially increase the company's market share and profitability, leading to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100