Verde Investment Highlights
TLGY
Key Industry Player Very Positive About PolyEarthylene™
Interview with Head of Sustainability for leading global distributor of plastics confirmed unique advantages and strong interest from end
users for PolyEarthylene™M
Summary of due diligence interview with Business Manager and Head of Sustainability from leading global distributor of plastics ("distributor"),
on April 24, 2023.
As a globally recognized leader in the plastics industry, the distributor has a presence in over 100 countries and strong track record of delivering high-quality
products and services to customers globally. The distributor works closely with its customers to deliver customized solutions that meet the stringent requirements,
with a large customer base operating in the packaging, consumer goods construction, automotive, and other industries.
The distributor is committed to promoting sustainable practices throughout its operations and supply chain, and it actively seeks out products and suppliers that
align with its sustainability and recyclability goals. They have reviewed testing for PolyEarthylene TM and concluded they are very satisfied with Verde's
PolyEathylene TM, particular on the following merits:
•
High bio content and biodegradability
Fully recyclable and highly compatible with kerbside recycling system
•
Manufacturing friendly as "drop-in" ready, easy to process with limited wastage
The distributor has evaluated many other materials over the years and has found most alternatives to have significant drawbacks. Some of the specific challenges
include:
•
•
PLA is brittle and expensive, not kerbside recyclable, not really compostable, leaks and seams in many applications. It cost around $2.5-4/lb compared to
PolyEarthylene™ at ~$1.8 / lb.
Other alternatives are even more expensive and have a higher scrap rate which increases cost further.
Most alternatives cannot be drop-in to current plastics manufacturing processes, making the transition to sustainable materials more difficult and costly.
PolyEarthylene™ has proven to drop-in to existing processes seamlessly since it is a PE and acts like any other PE material.
•
•
Many alternatives have complex composition which results in higher separation costs if trying to recycle.
Recycled materials have inconsistent quality and often cost more than virgin plastic.
The distributor's sales team is actively promoting PolyEarthylene TM to its customers. Since March 2023, the distributor has identified 26 prospective customers in
industries such as cosmetics and catering with strong interest in product in various applications, including general packaging and injection molding for straws and
utensils. 10 of these prospective customers have received samples for conducting lab test and/or other trial runs.
Verde
221
21View entire presentation