In Georgia, bioplastic maker Danimer Scientific has issued a super senior secured promissory note in an aggregate principal amount of $11,250,000 to certain lenders under its existing term loan financing agreement, as well as certain additional lenders. The secured loan provides for $11,250,000 gross proceeds, less fees and expenses, and has a two-year maturity accruing […]
In Georgia, polyhydroxyalkanoates bioplastics company Danimer Scientific has reported third-quarter sales of $8.6 million, down $2.3 million compared to the year-ago quarter, primarily due to the reapportionment of Starbucks’ straw business. A net loss of $21.8 million, however, was up from the year-ago quarter’s loss of $40.2 million. “We completed the third quarter in line […]
In New York, Danimer Scientific has successfully completed expansion of its Rinnovo® bioplastic demonstration plant located in Rochester. Rinnovo is a type of polyhydroxyalkanoate synthesized using a thermocatalytic process, which Danimer believes can be produced at a lower cost than PHA produced via fermentation. The Rinnovo platform also boasts unique properties relative to currently marketed […]
