BURLINGTON, ON, Feb. 22,
2023 /CNW/ - EcoSynthetix Inc. (TSX: ECO)
("EcoSynthetix" or the "Company"), a renewable chemicals company
that produces a portfolio of commercially proven bio-based
products, today announced that a key player in the wood panel
market has committed to a meaningful step in its implementation of
the Company's DuraBind™ resin for particleboard as published in
their FY2022 Climate Report issued last week. The manufacturer, a
backward integrated producer of particleboard for a leading
international retailer, is preparing to make this step in the
implementation process this year following several years of trials
and preliminary commercial production.
"This is another significant step forward for this market leader
in their ongoing commitment to improving their carbon footprint and
emissions," said Jeff MacDonald, CEO of EcoSynthetix. "Moving
to a sustainable, bio-based solution like our DuraBind™ resin can
have a material impact in helping them achieve their industry
leading climate targets. As thought leaders in their sector,
choosing to use innovative, bio-based materials that deliver both
value and performance sets a standard for other manufacturers
within their supply chain. It's another example of consumers and
retailers becoming increasingly aware of their impact on climate
and the choices required within their buying behaviour and supply
chain to make a difference."
Particleboard represents 55% of the retailer's wood-based
material by weight. Glue used for its wood-based materials
represents approximately 5% of the retailer's total climate
footprint. The manufacturer and retailer have identified bio-based
glues as one of the critical movements in material choices within
their supply chain and a key enabler of achieving their overall
climate goal.
The manufacturer has been using DuraBind™ on a commercial scale
for more than a year in one of multiple mills that it owns. This
next step in implementation at the mill is a critical step forward
to delivering meaningful carbon footprint reductions. There are
multiple avenues available to grow within the account, including
increasing the volume of resin used in the planned production,
extending to the other mills it owns, as well as adoption by other
manufacturers within the retailers' supply chain.
DuraBind™ enables the production of wood panels that are a step
change ahead of existing regulatory standards for the level of VOC
emissions and significantly increases the renewable content of
engineered wood panels.
About EcoSynthetix Inc.
(www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered
biopolymers that allow customers to reduce their use of harmful
materials, such as formaldehyde and styrene-based chemicals. The
Company's flagship products, DuraBind™, Bioform™, Surflock™ and
EcoSphere®, are used to manufacture wood composites, personal care,
tissue, paperboard, and paper products, and enable performance
improvements, economic benefits and carbon footprint reduction. The
Company is publicly traded on the Toronto Stock Exchange
(T:ECO).
SOURCE EcoSynthetix Inc.
