Biome reports significant increase in bioplastic sales
U.K.-based bioplastics company Biome Technologies plc has announced interim financial results for the six-month period ending June 30. According to the company, it experienced a 132 percent sales revenue growth within its U.K. bioplastics division, Biome Bioplastics, making the division profitable for the first time. Revenue for the entire Biome group increased by 55 percent during the period, to £10.4 million ($16.6 million).
“We are delighted to deliver our strongest half-year of trading, with revenue up 55 percent and a step change in growth for Biome Bioplastics,” said Biome Chief Executive Paul Mines. “Looking ahead, we are very focused and excited about being at the forefront of both bringing the environmental benefits of bioplastics to a wider community and continuing to deliver value for shareholders through our improving financial performance.”
According to information released by Biome, its biodegradable and compostable bioplastic materials are made from renewable feedstocks, such as potato starch and cellulose. The company’s website lists a range of 10 bioplastic materials it has developed. These include Biome EP, a bioplastic polymer for use in flexible film applications; BiomeHT, a class of bioplastic with a higher temperature capability; BiomeCord, a range of starch-based biodegradable materials developed for use in fibers, yarns and cords; BiomeClear, a high-clarity, low-noise film; BiomeEasyFlow, a product for use in extrusion coating and lamination applications; Biome Bioplast GF106/2, a potato-starch-based soft, flexible film; Biome Bioplast GS2189, resin for injection molding or sheet extrusion applications; Biome Bioplast Wrap, a film product suitable for processing on standard blown film lines; Biome Bioplast 105, a injection molding grade of material made from 60 percent biomass; Biome Bioplast TPS, a potato starch resin that is more than 85 percent plant-based.
Information published by Biome as part of its interim financial results states that its materials are produced at Biotec, an advanced manufacturing facility in Germany that has been developed as a 50/50 joint venture. According to Biome, the dedicated bioplastic production facility has an annual capacity of 20,000 tons. The facility is currently operating at 60 percent of its capacity.