Designed to Degrade
Imagin Molecular Corp. recently announced its shareholders have agreed to change the name of the company to The Plant Bottle Corp. The company, which formerly was involved in the medical imaging business, will now focus on introducing biodegradable plastic bottles to the food and beverage industry.
According to the company, all of its operations and investments in the imaging business will be transferred to Imagin Diagnostic Centres Inc., while plans to acquire and develop imaging centers in Canada will be reversed.
Under its new name, the company will work to develop and introduce a biodegradable plastic bottle and solicit beverage companies to convert from traditional polyethylene terephthalate (PET) plastic to its product. According to The Planet Bottle, its plastic is designed to oxo-biodegrade over a programmed period of 10 to 20 years. Traditional PET takes 500 years to degrade. The company also states that oxo-biodegradeable technology was developed by U.K.-based Wells Plastics, and that the technology works by oxidizing a polymer by the use of a prodegradant, which allows the carbon to be digested by microbes.