EcoSynthetix Announces Ongoing Commercial DuraBind Volumes with Top 15 Wood Composites Manufacturer and Leading Retailer
November 23, 2021 at 08:32 am EST
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Burlington - EcoSynthetix Inc. (TSX: ECO) ('EcoSynthetix' or the 'Company'), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, today announced an annual contract renewal and purchase orders for continuous monthly volumes of the Company's bio-based DuraBind resin into 2022 with a top 15 global manufacturer of wood composite products and a leading international retailer.
'Consumers, retailers and manufacturers are searching for greener and healthier choices in the everyday items they bring into their homes and we believe our DuraBind technology is the healthiest and most sustainable commercial binder for wood composites available,' said Jeff MacDonald, CEO of EcoSynthetix. 'This ongoing commitment is a major milestone for the Company - the culmination of a six-year intensive process through which a forward-thinking manufacturer has evaluated alternatives, tested the performance and value offered by DuraBind and moved forward into commercial production.'
The manufacturer is using DuraBind in one of multiple mills that it owns. 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. The contract enables the manufacturer to increase volumes under the same terms. There are multiple avenues available to grow within the account, including increasing the volume of resin used in the planned production, expanding to the entire production of the facility, extending to the other mills it owns, as well as, adoption by other manufacturers within the retail supply chain.
'Broad-scale adoption within the industrial materials industry is a demanding process. We are working with strategic accounts, like this one, that are recognized as thought leaders on sustainability and establishing industry standards. We believe this ongoing commitment by the manufacturer demonstrates significant progress toward a sustainable, bio-based glue that creates significant carbon footprint reductions for wood composites. We also believe it will help mobilize other manufacturers to accelerate the pursuit of solutions in their supply chain that lower emissions and make a significant contribution to their carbon footprint reduction goals,' continued Mr. MacDonald.
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 and EcoSphere, are used to manufacture wood composites, paper and packaging, and enable performance improvements, economic benefits and sustainability. The Company is publicly traded on the Toronto Stock Exchange (T:ECO).
EcoSynthetix Inc. is a Canada-based renewable chemicals company that specializes in biomaterials used in a variety of end products. The Company offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. It is engaged in the development and commercialization of environmentally friendly, bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific. It operates in one segment: the biopolymer nanosphere technology platform. The Company's products include EcoSphere biopolymers, EcoMer biomonomers, EcoStix bio-based pressure-sensitive adhesives, and DuraBind bioresins. The DuraBind and EcoSphere, are used to manufacture wood composites, paper, and packaging. Its serves to the markets, such as paper and paperboard, building materials, and other markets.
ECOSYNTHETIX INC. 
