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Danimer Scientific, BIOLO and Bolthouse Farms Announce Commercialization of Home Compostable Packaging for Fresh Produce with Meijer Stores

BAINBRIDGE, Ga., October 19, 2023--(BUSINESS WIRE)--Danimer Scientific, Inc. (NYSE: DNMR) ("Danimer" or the "Company"), a leading next-generation bioplastics company focused on the development and production of biodegradable materials, today announced the commercialization of home compostable retail packaging for vegetables and fruit, which Danimer developed in partnership with biodegradable packaging and food service product manufacturer BIOLO and carrot producer Bolthouse Farms.

Danimer’s signature PHA, Nodax®, was used to create the bags for one-pound Earthbound Farm Organic Mini Peeled Carrots, now available in Meijer’s regional network of 240 grocery stores and supercenters in six states across the Midwest.

Stephen Croskrey, CEO of Danimer Scientific, said, "As demand continues to rise for environmentally superior alternatives to petroleum plastics, we’re excited that Meijer will offer home compostable packaging solutions that make possible the safe, efficient, low-cost and stable delivery of fresh foods, providing consumers with a more responsible way to enjoy the products they love. We’re grateful for the partnership of BIOLO, Bolthouse Farms and Meijer in bringing this product to market, which we believe will lead to other foods shifting to PHA-based packaging."

Danimer’s Nodax® is a biobased polyester made with oils derived from the seeds of plants such as canola. Unlike traditional plastic, which can take centuries to degrade, Danimer’s PHA-based products can degrade in a matter of months under certain conditions.

The Earthbound Farm Organic Mini Peeled Carrots bags are certified as home compostable by TUV, a globally recognized leader in independent product testing, inspection and certification. This certification means that the bags have passed rigorous testing that requires them to disintegrate at least 90% within 26 weeks and biodegrade within 52 weeks under home compost conditions.

"BIOLO’s successful launch of this product with Danimer Scientific, Bolthouse Farms and Meijer grocery stores represents a significant step forward for the packaging of retail vegetables and fruit, which have previously been packaged in traditional petroleum-based plastic bags," said William F. Preston, CEO of BIOLO. "We’re proud to be leading the charge toward a more sustainable future for the organic produce packaging market, and are grateful to Bolthouse, Meijer and Danimer, who partnered with us to make this possible. But this is only the beginning. Through our strategic partnerships and in accordance with our company mission, we intend to transform the packaging industry by providing eco-friendly, high value-add and performance-based products to food, fashion and apparel, and other consumer packaged goods businesses."

Danimer and BIOLO’s parent company, Columbia Packaging Group, announced a partnership in 2020 to create compostable bags, film and rollstock for packaging needs spanning the produce, agriculture, fashion and apparel, consumer goods, bakery and food service industries.

For more information on Danimer Scientific, visit www.DanimerScientific.com.

About Danimer Scientific

Danimer is a pioneer in creating more sustainable, more natural ways to make bio-plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create bio-plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be used to replace a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films and injection-molded articles, among others. Danimer holds more than 430 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information, visit www.DanimerScientific.com.

About BIOLO

BIOLO is a leading manufacturer of sustainable and biodegradable flexible packaging (e.g. film, bags and printed rollstock) and food service products (e.g. drinking straws), which are designed to replace many traditional single-use plastic items. BIOLO has factories and locations in California, Missouri and Ohio, and has a strategy to add more locations and products as it grows to support the growing demand for sustainable and renewable product options.

Forward‐Looking Statements

Please note that in this press release we may use words such as "appears," "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company's customers; the Company's ability to implement its business strategy, including, but not limited to, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers, as well as consumer demand for our products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact on our business, operations and financial results from the ongoing conflict in Ukraine; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company's ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, our information systems; the ability of our information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; our ability to properly maintain, protect, repair or upgrade our information technology systems or information security systems, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231019709987/en/

Contacts

Investors
James Palczynski
ir@danimer.com
415-876-8429

Media
Jonathan Houghton
jhoughton@daltonagency.com
615-515-4892

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