Verde Investment Highlights
Superior to Other Bio-Resins Across Critical Industry Requirements
: Best-in-Class / Superior
: Limited / Lacking
: Inferior / Not Meet Requirement
1. Environmental
PolyEarthylene
TLGY
Green
PLA
PHA
PE
Bio-Based Content
>90%(1)
>80%
>80%
>84%
Landfill Biodegradable
2. Cost
3. Manufacturing/
Processing
Compostable
Cost Efficiency
Processing Temperature
Film / Extrusion
Injection Molding
4. Applications
Blow Molding
Thermoforming
✓ (2)
*
-
$1.50 $1.80 per lb.
$1.80 $2.30 per lb.
$2.70-$3.20 per lb.
-
$1.80 $2.00 per lb.
330°-425°
330 - 390
300° - 350°
✓
Heat Sensitive
Modification Needed
330° - 425°
✓
Heat Sensitive
✓
Heat Sensitive
Modification Needed
■Durable packaging
Consumer products
■Beauty product packaging
Automotive
Heat Sensitive
Mostly limited to:
Film and bags
Modification Needed
Mostly limited to:
Food Packaging
Mostly limited to:
Fibers
Plastic Bags
ttt
=
⋅
Verde's proprietary technology enables PolyEarthylene TM to be operated in standard manufacturing processes where other bio-polymers cannot or will not work properly.
• Most bio-resins lack the mechanical properties required for durable goods production. Among the most widely-used bioplastics today, only PLA and PHA have an acceptable
end-of-life solution and only when used without stabilizers and other commonly used ingredients that impact degradation. However, PLA is temperature sensitive and may
break down during manufacturing, and is also not landfill biodegradable. PHA exhibits some disadvantages including a lower strain-at-break, a narrower processing window, a
slower crystallization rate, and a higher cost compared to both bio-based and petroleum-based polymers.
•
Verde's technology takes a different product development approach compared to other eco-friendly polymer companies. While other companies develop a product and then
try to find an application for its use, Verde develops an eco-friendly offset or alternative to the current material being used.
Source: Verde/Expert Interviews, TLGY analysis
Note:
1.
2.
Percentage of bio-based content will vary per PolyEarthyleneTM grade and based on customer requirements but will in no event be less than 51% biobased.
PolyEarthylene™M passes biodegradation testing in an industrial composting facility pursuant to ASTM D5338, representing 96.5% effective biodegradation in 6 months, which is a key element in D6400 testing (pending). Additional landfill biodegradation testing
underway pursuant to ASTM D5511 standard.
Verde
11View entire presentation