Symphony Environmental Technologies deputy chairman has told Chinese investors that environmental technologies can offer many benefits for future investment with worldwide applications and are urgently needed to tackle China’s own environmental problems
Speaking at the Beijing Investment Forum, arranged by Global Alliance Partners,Michael Stephen emphasised the investment potential now offered by oxo-biodegradable and anti-microbial plastic. He said that this was important “given the worldwide concern with the plastic waste problem, the growing number of countries legislating in favour of oxo-biodegradable plastic, and the increasing interest in anti-microbial and anti-fungal plastic for the protection of human health”.
Stephen added: “Symphony considers that the market opportunity for a low-cost biodegradable plastic such as its own product, d2w, is considerable, as it is not disruptive for a user or producer to upgrade to an environmentally responsible plastic.”
He explained: “This upgrade only requires adding 1% of d2w formulation to the standard product mix at the point of production. It converts the plastic at the end of its useful life into a biodegradable material, and does not just cause the plastic to fragment.
“It is for these reasons, as well as growing environmental consciousness, that products with d2w inside have grown from the 4,000 tonnes yearly when Symphony was producing finished products, to currently over 100,000 tonnes.
“The markets for our anti-microbial plastics, such as d2p, are expected to be even larger than d2w,” he said. “This would cover market sectors such as bakery, dairy and fruits. The non-food sectors would cover a multitude of applications including consumer goods, medical and farming.
“The total global plastic production in 2010 was 265 million tonnes, of which polyethylene and polypropylene account for approximately 48%. If, say, one tenth of these were converted into oxo-biodegradable products with d2w and/or anti-microbial products with d2p, sales would be very large at 12.72 million tonnes of Symphony’s products.”